BitShares Price Hits $0.0115 on Major Exchanges (BTS)

BitShares (BTS) traded 3.6% lower against the U.S. dollar during the one day period ending at 19:00 PM Eastern on March 18th. During the last seven days, BitShares has traded up 15.2% against the U.S. dollar. One BitShares coin can currently be bought for approximately $0.0115 or 0.00000043 BTC on exchanges. BitShares has a total market capitalization of $34.52 million and $1.61 million worth of BitShares was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Belrium (BEL) traded down 1.4% against the dollar and now trades at $2.70 or 0.00010026 BTC.
• TRON (TRX) traded down 2.3% against the dollar and now trades at $0.0662 or 0.00000246 BTC.
• Tezos (XTZ) traded 2.6% lower against the dollar and now trades at $1.21 or 0.00004472 BTC.
• Terra Classic (LUNC) traded up 1.1% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded up 0.2% against the dollar and now trades at $1.44 or 0.00005345 BTC.
• aelf (ELF) traded 4.2% lower against the dollar and now trades at $0.31 or 0.00001150 BTC.
• Adshares (ADS) traded up 0.5% against the dollar and now trades at $0.90 or 0.00003351 BTC.
• GXChain (GXC) traded down 0.8% against the dollar and now trades at $0.44 or 0.00001632 BTC.

About BitShares

BitShares (BTS) uses the hashing algorithm. It was first traded on July 19th, 2014. BitShares’ total supply is 2,994,786,934 coins and its circulating supply is 2,994,804,385 coins. BitShares’ official Twitter account is @bitsharesgroup and its Facebook page is accessible here. The Reddit community for BitShares is https://reddit.com/r/bitshares and the currency’s Github account can be viewed here. BitShares’ official website is bitshares.github.io. The official message board for BitShares is bitsharestalk.org.

According to CryptoCompare, “BitShares (BTS) was first introduced in a White Paper titled “A Peer-to-Peer Polymorphic Digital Asset Exchange” by Daniel Larimer, Charles Hoskinson, and Stan Larimer. It is a brand of open-source software based on as blockchain technology as used by Bitcoin.

Unlike bitcoins, which do not produce any income for their owners, BitShare can be used to launch Decentralized Autonomous Companies (DACs) which issue shares, produce profits and distribute profits to shareholders. As such, BitShares is about making profitable companies that people want to own shares in, thus creating a return for the shareholders. The first DAC launched by this process was called BitSharesX, a decentralized asset exchange based in Hong Kong.

BitShares was originally launched under the name of ProtoShares (PTS); it was later renamed to BitShares (BTS) and “reloaded” in November 2014 by merging several products into BitShares (BTS).”

BitShares Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as BitShares directly using US dollars. Investors seeking to acquire BitShares should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy BitShares using one of the exchanges listed above.

BTS/USD price chart by TradingView