bitCNY Token Analysis and Markets in 2020

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Last modified on 11. October 2020

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Quarters

Quick Facts

bitCNY is a medium-sized cryptocurrency. Featuring a market capitalization of nearly US$ 4.2 million in early October 2020, it had captured less than 0.01 percent of the market for crypto assets.¹^|2 It also has the ticker symbol BITCNY, so the same but in capital letters.

In October 2014, bitCNY was added to coinmarketcap.com to track its real-time trading data.

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Quarterly Averages

This section presents the quarterly averages (trimester) for trading volume, market capitalization and trading price for 2017, 2018, 2019 and 2020.

Trading Volume & Market Capitalization

For example, the average trading volume of bitCNY during the first trimester of 2019 equated to over US$ 47 m per day. This figure came to nearly US$ 37.5 m during the same period the year before. The trading volume increased by 25.9 percent accordingly.

For the first trimester of 2019, the average market capitalization equated to nearly US$ 6.9 m. This figure came to nearly US$ 46 m during the same period the year before. Market capitalization dropped down accordingly by 85 percent.

Trading Price

In the first trimester of 2019, the average trading price equated to nearly US$ 0.16. In the same time frame of 2018, this figure came to nearly US$ 0.17. The corresponding price drop down was 7.13 percent.

The all-time high of bitCNY in 2015

bitCNY Price analysis generated by coindashboards.com — Price analysis for the most important moments in bitCNY’s trading history (BITCNY)

The bitCNY currency reached a peak in November 2015 at over US$ 15.5. At this trading price, the token reached a market capitalization of just under US$ 68 thousand. This put bitCNY in the ballpark of certain other digital currencies, such as Pandacoin, Groestlcoin, Kobocoin, Deutsche eMark and Mooncoin, among others.

bitCNYs all-time high compared to Bitcoin and the most renowned companies worldwide

Bitcoin, by far the largest cryptocurrency at the time, had a market capitalization of US$ 6 billion on that day. Apple Inc., one of the most highly valued brands in the world, stood at US$ 690 billion. And Volkswagen AG, the world’s largest vehicle manufacturer as of 2018, at US$ 66 billion.

bitCNY (BITCNY): 0 bn US dollars
Bitcoin (BTC): 6 bn US dollars
Apple (AAPL): 690 bn US dollars
VW (VWAGY): 66 bn US dollars
Date: 8 November 2015

More Details

The bitCNY-Token is not a native digital currency and is not created via mining. It has no maximum number of tokens, unlike HedgeTrade, for example.

bitCNY transactions currently in progress can be tracked using this block explorer, which also shows block height and other recent statistics.

Markets

bitCNY Market analysis generated by coindashboards.com — Markets on which bitCNY (BITCNY) can be traded

bitCNY can be bought or sold on the following trading platforms: CoinTiger and ZB.COM.

^{1. Or 0.0028 percent, if omitting Bitcoin.}

^{2. Read about our sources}