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    Cryptocurrencies Bytecoin
    USD
    $0.0000316102 $ 0.0000316102
    +¥5204,24 0% 1D
    1D 1M 1Y ALL
    Updated:
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    Market Cap (USD)
    5.83M
    24H Volume
    622.6
    Circulating Supply
    184.02B BCN
    Max Supply
    184.47B BCN
    All Time High
    0.145166
    Rank
    1028

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    Bytecoin FAQs

    • 1. What determines the price of Bytecoin?
      There are two schools of thought in determining the price of Bytecoin.

      By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Bytecoin, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Bytecoin from a long term perspective.

      By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Bytecoin on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Bytecoin as well.

      HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Bytecoin and the cryptocurrency market as a whole.
    • 2. What is the highest price of Bytecoin in history?
      Bytecoin achieved the all-time high of $0.15 in 2018-05-08, and is currently trading at $0.00003.
    • 3. What is the lowest price of Bytecoin in history?
      In 2015-01-15, Bytecoin reached the all-time low of $0.00001.
    • 4. Should I buy Bytecoin now?
      It is important to remember that Bytecoin, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.

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