Bytecoin BCN Coin Analysis and Markets in 2020

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Last modified on 11. October 2020

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Quarters

Quick Facts

Bytecoin is a relatively large cryptocurrency. On 1 October 2020, it had a market capitalization of nearly US$ 26.5 million, meaning it had captured less than 0.01 percent of the market for digital currencies.¹^|2 The ticker symbol is BCN.

Bytecoin was introduced by the user DStrange via bitcointalk.org on 12 March 2014. coinmarketcap.com began the gathering of real-time trading data in July 2014.

bytecoin.org

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, Bytecoin had an average trading volume of over US$ 148 k per day for the first trimester of 2019. This figure came to over US$ 7.5 m during the same time frame in the previous year. In other words, the previous/prior volume growth has almost entirely receded.

The average market capitalization during the first trimester of 2019 was nearly US$ 125 m. This figure came to over one billion during the same time frame the year before. The corresponding drop down in market capitalization equated to 87.8 percent.

Trading Price

The all-time high of Bytecoin in 2018

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

The Bytecoin currency climbed to a high in May 2018 at US$ 0.030134. At this trading price, the coin reached a market capitalization of over US$ 5.5 billion. This put Bytecoin in the ballpark of certain other digital currencies, such as IOTA, TRON and Neo.

Bytecoins 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$ 157 billion on that day. Apple Inc., one of the most highly valued brands in the world, stood at US$ 944 billion. And Volkswagen AG, the world’s largest vehicle manufacturer as of 2018, at US$ 101 billion.

Bytecoin (BCN): 5.5 bn US dollars
Bitcoin (BTC): 157 bn US dollars
Apple (AAPL): 944 bn US dollars
VW (VWAGY): 101 bn US dollars
Date: 8 May 2018

March 2019: an interesting date following the big cryptocurrency crash

On 1 March 2019, the price of Bytecoin stood at US$ 0.000693 with a market capitalization of nearly US$ 126 million. This is a drop down to approximately 2.3 percent in comparison with the highest trading price described above.

Bitcoin dropped down to approximately 19.5 and Ethereum to about 9.7 percent of their all-time-high trading prices around that time.

More Details

The Bytecoin is a native coin and is generated through mining. The maximum supply of coins is approximately 184 billion. Those interested in the source code should also take a look at the GitHub page.

This block explorer can be used to track the current block height and other recent metrics around all Bytecoin transactions.

More information about Bytecoin, including the white paper and other links to source code, community forums and social media accounts can be found on bytecoin.org.

Markets

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

USD

The trading platforms for buying or selling Bytecoin in USD are Poloniex, CoinEx and HitBTC, among others.

BTC

The trading platforms for buying or selling Bytecoin in BTC are CoinEx, HitBTC and CoinDCX, among others.

Social Links

Stop by the following social media channels to speak directly to the Bytecoin team:

^{1. Or 0.0179 percent, if omitting Bitcoin.}

^{2. Read about our sources}