The demand for cryptocurrencies is getting increased as they work on decentralized technology which enhances the privacy and security of the users.
Are you thinking of buying Bytecoin this year? Or maybe you hold some, but worried about the price performance of the future?
Don’t be worried, This article aims to provide deep information which clarifies your thoughts on Bytecoin.
Without wasting much time, let us try to know some basic information regarding Bytecoin.
Table of contents
|Market cap||$ 30,470,274.0000|
|Circulating Supply||$ 184,066,827,285.8400|
|Trading Volume||$ 82,300.0000|
|All time high||$ 0.1452 May 8, 2018|
|All time low||$ 0.0000 January 15, 2015|
What is Bytecoin?
Bytecoin is a private, decentralized cryptocurrency with an open source code which is untraceable and it allows everyone to take part in the development of its network.
Bytecoin aims to provide privacy and security for those who want to keep their finances private. The cryptocurrency is different from other altcoins. Bytecoin was the first project to implement the cryptonote encryption algorithm. Its algorithm consists of ring signatures, unrelated transactions, and hidden addresses.
Bytecoin Price Technical Analysis
Bytecoin was initially introduced in the year 2012, it was not worthy at that time.Later on it was launched on June 17,2014. As it got listed on few cryptocurrency exchanges, Bytecoin started to trade at $0.000061. BCN continued to trade at the same price with certain fluctuations for further years.
In 2017, the price dramatically poured to $0.003 by the end of May as it registered on 30 various cryptocurrency exchanges. Later on the price started to decline as it failed to maintain its resistance level. BCN arrived at $0.0023 by early September. The price started to rise further. BCN managed to reach $0.005 at the end of 2017.
With the bullish trend, BCN traded at $0.017 by early January 2018 and further the price started to plunge as it reached $0.002 in the start of April. Later on the price surprisingly swelled to $0.011 by mid of May as BCN got listed on the crypto exchange platform Binance. The price further dropped to $0.0005 by mid of December. With a minor recovery in price, BCN ended the year 2018 with a trading price of $0.0007.
BCN continued its trading with the price of $0.0007 during the start of 2019. The price continued to trade between the $0.0007 and $0.0009 rangel for several months. Shockingly, BCN’s price dropped to $0.0002 by mid December. BCN traded at $0.0002 at the end of 2019
As the bears continued to drag the market, BCN started the year 2020 with $0.0002. The price continued to recover and BCN reached $0.0004 at the end of February. The price of BCN started to fall consistently in March. One of the main factors which can be considered in the fall of Bitcoin’s price by $3000 points. BCN reached $0.0002 by the end of March. With a certain plunge, the BCN was trading at $0.00013 at the end of December 2020.
Bytecoin Price Prediction 2021
Bytecoin started in the year 2021 with a trading price of $0.00016. The price might reach $0.00019 by the end of January because of the altcoin season. BCN might trade between $0.0002 and $0.0003 until the end of November. With certain fluctuations, BCN might be traded at $0.00035 by the end of December 2021.
Bytecoin Price Prediction 2022
Bytecoin might trade at $0.00034 by early January and could possibly arrive at $0.00032 by the end of January. Later on the price may suffer certain fluctuations and may reach to $0.00014 by the end of August and the price might drop again. By the end of December 2022, BCN may continue to trade at $0.00021.
BCN Price Prediction 2025
With the growth of the crypto platform, BCN prices may start to rise. Bytecoin might enhance its transaction facilities for the betterment of users. It might suffer certain price fluctuations for several months. By the end of 5 years, Bytecoin is expected to reach $0.00055.
Bytecoin (BCN) Price Market Prediction
There are some marketers, who predict the price of Bytecoin, Let us check what the market is thinking about Bytecoin.
According to WalletInvestor, BCN is expected to grow at $0.029 per token in one year
According to CryptoGround, Bytecoin’s price might drop to $0.0006 by the end of 2021. BCN might also hit $0.013 by 2024.
According to CoinLinker, Bytecoin’s price could rise to $0.6792 by 2023.
Our Bytecoin (BCN) Price Prediction
Bytecoin commenced in the year 2021 with a trading price of $0.00016. BCN might reach an average of $0.00028 by the end of January. The Bytecoin’s price might likely rise if the market concentrates on investing in BCN. By the end of 2021, BCN might reach the $0.00042 mark. In the future, Bytecoin might reach up to $0.00085.
Bytecoin is a private decentralized cryptocurrency which is an open source protocol that allows everyone to take part in the development of its network.
Yes, Bytecoin might be a good investment for the long term as its prices are expected to hike.
Bytecoin might trade at $0.00085.
Bytecoin can be traded on exchanges like Coinex, Poloniex, HitBTC, Gate.io and many more.