Bytecoin’s price on December 11, 2019, was $0.00035. Over the past 30 days, it has had a high of $0.000432 and a low of $0.000285. It is among the top 100 coins according to market capitalization. Its market capitalization is $64,977,985. It’s all-time high is $0.145166 while its all-time low is $0.00000632. It has a maximum supply of 184.47 billion coins, while its total supply is 184.067 billion coins. In 2019, it has had a high of $0.001177 and a low of $0.000285.
Market Prediction for Bytecoin (BCN) Price 2020
Your investment is safe with Bytecoin. The cryptographic algorithms ensure that your funds are safe. It protects your personal data and zero fees on transactions. Bytecoin is a reliable investment of your resources. Its value will increase because the emission rate is decreasing as it approaches its maximum supply.
Emil Rokossovsky, CEO Rokoss Bank, Bytecoin (BCN) Price Prediction 2020
Emil believes that Bytecoin is one of the most promising cryptocurrencies. He believes that the coin will appreciate significantly in the near future because of the growing need for anonymity globally. Emil is confident that Bytecoin is a great investment decision.
Jenny said that Bytecoin has been growing since 2012, and it will soon be launching the Bytecoin Gateway project. The Gateway project is a blockchain bridging project that will work with stable coins. The project will allow Bytecoin to develop competitive advantages in the market. The project will ensure that Bytecoin gains more users and its value will appreciate.
David Tawil, President Maglan Capital, Bytecoin (BCN) Price Prediction 2020
David recommends that investors should invest between 2 and 3 percent of their income on crypto assets. He believes that crypto assets will provide great value in the future as a store of value. Therefore, investors should start investing in Bytecoin now before it makes significant gains.
Even Mark Mobius, Cofounder of Mobius Capital Partners, Bytecoin (BCN) Price Prediction 2020
Mark believes that cryptocurrencies will be “alive and well” in the future. He once believed that crypto assets were a “fraud,” but now he is confident that Bitcoins and altcoins will appreciate due to an increased number of users and increased applications in real life.
Vitalik believes that less than 5% of crypto assets can develop into Google, Facebook, and Microsoft of the cryptocurrency market. The success of a project is dependent on its ability to identify and solve real-world problems. Bytecoin is offering solutions for the need for anonymity and privacy globally. Due to its features, it will attract users and gain value.
Factors Affecting the Growth of Bytecoin (BCN)
One of the factors affecting Bytecoin’s growth is technological advantages. Bytecoin is fast, and it confirms transactions within two minutes. It is faster than most cryptocurrencies. Also, it is anonymous, and it makes it easier to send transactions privately.
Notably, Bytecoin has a maximum supply of 184.47 billion coins and a total supply of 184.067 coins. The coin is almost reaching its maximum supply. Bytecoin will be scarce. According to the law of demand and supply, the higher the demand, the lower the supply, and vice versa. It means that Bytecoin’s price will appreciate due to scarcity.
Bytecoin’s development team is working to provide new improvements that will allow them to access new markets. Its target audience is the Middle East, Asian, and African markets. In addition, the project is securing new partnerships with other companies. The company is developing more active channels of communication.
Other than providing financial services, Bytecoin blockchain carries other data, such as business data and geographical information. Bytecoin is also planning to add several features, such as incorporating smart contracts into its platform. In addition, they are planning to add multiple application programming interfaces (API) so that it can boost Bytecoins interactions with other software.
Bytecoin (BCN) Price Prediction Verdict
Some issues are changing very fast globally. People’s need for privacy and coveted online anonymity is more important than ever. Various governments are implementing oppressive techniques for limiting people’s privacy through censorship. There is a need for privacy while online.
The need for anonymity and privacy is what drives Bytecoin’s growth. Bytecoin is a completely untraceable digital asset. Most coins in the crypto market offer fiat currencies and other transactions that are traceable. On the other hand, Bytecoin has built its project on the need for online anonymity.
Also, Bytecoin has been building more partnerships with companies while improving its communication with users. Bytecoin is also planning to incorporate smart contracts into its platform. The technological advancements will make Bytecoin an attractive investment option. Due to the growing uses of Bytecoin, they are developing multiple layers of APIs to improve its interaction with other software.
Due to its technological improvements and expert analysis of the digital asset, Bytecoin is a favorable investment option. Its price will appreciate due to its scarcity and a growing number of users. You should take advantage of the current prices to make extra money in 2020.
What is Bytecoin (BCN)?
Bytecoin has a primary goal of developing a financial system that is more effective and reliable than the existing ones. The coin aims to be more flexible and scalable according to the dynamic crypto market. Bytecoin (BCN) is a peer-to-peer (p2p) payment system that was developed with blockchain technology.
Unlike most cryptocurrencies, Bytecoin offers its users with privacy and anonymous transactions using CryptoNote stealth addresses and ring signatures. It was the first coin to implement privacy-enabling technologies into its transactions. It is among the top 100 cryptocurrencies according to market capitalization. Also, it has a devoted and solid following that has kept the coin relevant to date.
Bytecoin offers instant private transactions globally through the Bytecoin network. The transactions are untraceable and do not need additional fees. Bytecoin allows its users to participate in the network by allocating the computer’s computing power. The move allows transaction processing to be decentralized. It allows you not only to be a user but also a participant in the network. The choice to participate in the network is entirely your choice. You can get a reward for network maintenance.
History and Main Features of Bytecoin (BCN)
It is one of the earliest developed coins. It was built in 2012 and launched in 2014 by an anonymous team of privacy enthusiasts. The team ensured that transaction privacy is secured by cryptographic algorithms so that no one can find out the money that was transferred, who sent the money, and who received the money.
Bytecoin is decentralized. It uses blockchain technology that is managed by multiple nodes located in various areas globally. Its open-source code allows anyone to participate in Bytecoin’s network development.
BCN’s payments are untraceable. The coin uses ring signature technology that results in strong and completely anonymous payments. All addresses are obscured, and it is impossible or extremely difficult to perform identifying blockchain analytics.
Transactions and addresses cannot be linked. Linking transactions is impossible because users have multiple one-time addresses that are generated from their public keys. No one can view the payments you have transacted and the users you have transacted with.
BCN has a flexible blockchain that does not have hard-coded constraints. It means that the blockchain can readjust difficulties according to changes in the network’s hash rate. The coin can easily adapt to network capabilities and states so that it can run efficiently and smoothly.
Bytecoin (BCN) Price Chart
Figure 1 showing Bytecoin’s Price Chart from December 2018 to December 2019
How to Buy Bytecoin (BCN)
You should buy Bytecoin because it is a store of value. No company, bank, or government can control your wealth and how you transact because of the privacy and anonymity features. Also, the coin is scarce because it is almost reaching its maximum supply.
You need a wallet to buy Bytecoin. The coin should be reliable, transparent, and secure. It should allow you to buy coins at the best exchange rates in the market. Furthermore, it should allow you to buy the coin with your credit/debit card. The wallet should accept USD, EUR, and your local currency.
Atomic wallet addresses all the needs mentioned earlier. Download and install Atomic wallet on your personal computer or mobile device. The wallet is the most secure and reliable wallet in the market. The wallet’s security gives you the highest level of security.
How to Exchange Bytecoin
Atomic wallet allows you to buy, sell, and exchange Bytecoin and 300+ other tokens and cryptocurrencies in a single interface. Also, it is anonymous, secure, and decentralized. Atomic wallet is available for all major operating systems, such as Windows, Fedora, Debian, macOS, and Ubuntu.
It provides a powerful in-demand service that allows you to reduce the energy spent managing your digital assets. In addition, the wallet has a built-in ChangeNOW and Changelly that allows you to avoid third-party risks. Also, the secure wallet solution ensures that your private keys are encrypted and never leave your personal computer or mobile device.
Atomic wallet is the most convenient technique of handling your crypto assets. The interface is user-friendly and allows you to view the real-time prices of other coins. Also, the list of digital assets in the platform is updated daily to ensure you access every available digital assets.