BitShares Reaches Self Reported Market Capitalization of $3.49 Million (BTS)

BitShares (BTS) traded 4.2% higher against the dollar during the 1 day period ending at 11:00 AM E.T. on August 20th. Over the last week, BitShares has traded up 6.4% against the dollar. BitShares has a total market cap of $3.49 million and approximately $124.46 thousand worth of BitShares was traded on exchanges in the last 24 hours. One BitShares coin can now be purchased for about $0.0012 or 0.00000002 BTC on exchanges.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• TRON (TRX) traded up 1.8% against the dollar and now trades at $0.34 or 0.00000468 BTC.
• Terra Classic (LUNC) traded 6.3% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Tezos (XTZ) traded up 7.5% against the dollar and now trades at $0.22 or 0.00000303 BTC.
• aelf (ELF) traded 7.9% lower against the dollar and now trades at $0.0583 or 0.00000081 BTC.
• Terra (LUNA) traded 7% higher against the dollar and now trades at $0.0456 or 0.00000063 BTC.
• Adshares (ADS) traded up 8.7% against the dollar and now trades at $0.45 or 0.00000619 BTC.

BitShares Coin Profile

BitShares (CRYPTO:BTS) uses the hashing algorithm. It launched on October 13th, 2015. BitShares’ total supply is 2,995,060,000 coins and its circulating supply is 2,996,804,994 coins. 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. BitShares’ official Twitter account is @bitsharesgroup and its Facebook page is accessible here. 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). Telegram, GitHub”

Buying and Selling BitShares

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

BTS/USD price chart by TradingView