With a total market cap of over $5.55 million, Bytecoin is the No. 1,238 cryptocurrency by market size. The currency symbol for Bytecoin is BCN and it was launched in July 2012. Bytecoin uses the Cryptonight hashing algorithm and it has a blocktime of 2 minutes. There will only ever be 1 billion Bytecoin tokens issued. So far 445 million tokens (44.5% of the total supply) have been issued.
The technical price analysis for Bytecoin below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of Bytecoin.
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Bytecoin FAQs
QWhen was Bytecoin launched?
ABytecoin was launched in July 2012.
QWhat is the blocktime for Bytecoin?
AThe blocktime for Bytecoin is 2 minutes. Blocktime is the time interval between new blocks being added to the blockchain. Some people argues that slower blocktimes are more secure and scalable and that faster blocktimes allow faster transactions. It is a highly debatable topic in the crypto community.
QWhat hashing algorithm does Bytecoin use?
ABytecoin uses the hasing algortihm Cryptonight.
QWhat was the highest price that Bytecoin ever reached?
AThe highest price that Bytecoin ever reached was $0.15 USD. This all time high price occured on 8 May 2018.
QWhat was the lowest price that Bytecoin ever reached?
AThe lowest price that Bytecoin ever reached was $6.32E-6 USD. This all time low price occured on 15 Jan 2015.
AYes Bytecoin is mineable which means that new coins can be created by miners working on the network.
QWhat concensus algorithm does Bytecoin use?
ABytecoin uses a proof of work cryptonight concensus algorithm.
QIs it a good time to buy Bytecoin?
AYou can check the technical indicators for Bytecoin on the Bytecoin Price Trend tab. These indicators are based on the analysis of multiple trading signals for Bytecoin.
QWhere is the best place to buy Bytecoin?
AYou can find the cheapest exchange on which to buy Bytecoin on the Bytecoin Buy tab.
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