Bitshares to US Dollar Exchange Rate
Refreshing in: 60s | Sun, Oct 20, 07:14AM GMT
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A $1,000 investment in BitShares this time last year would have netted a return of 9,309%, equaling a $170,000 profit.
Historical pricing of BitShares
In mid-April, BTS was priced under $0.01 and within the space of two months, it managed to shoot to $0.37. BTS then tapered off over the next six weeks, hovering between $0.05 and $0.15. This tapering off lasted until December when BTS shot up, reaching a year-end high of $0.67 on Christmas Day.
BitShares is moving on from bitcoin’s blockchain innovation and aims to provide the world with a currency that can be used to trade any other cryptocurrency.
The market share of bitcoin is declining slowly, and you’ll need to decide if BTS will be able to take advantage of this.
Things to consider before buying BitShares
You can use the BitShares platform to trade BTS against any other cryptocurrency created on the BitShares platform. With other cryptocurrency exchanges, the desired cryptocurrency is purchased, sent to the wallet of the buyer and then held until its owner chooses to act on it.
With BTS, you deposit your money or other cryptocurrency on the BitShares platform. This helps improve security because by maintaining your assets on the BitShares platform, you reduce the risk of losing your assets altogether as a result of losing an e-wallet or losing your passwords. You also won’t have to worry about not having access to your assets in order to sell them before it’s too late.
Also, at the time of this writing, the BitShares’ blockchain technology hasn’t been the victim of a successful cyber hacking attempt.
BitShares is also making partnerships with other companies. For example, Arise Bank, the first decentralized blockchain-based bank, has announced a partnership with BitShares and will add a pool of liquidity to BTS. BitShares CEO, Stan Larimer, announced that this major partnership, as well as four other major partnerships, will be announced early in 2018.
Another feature of the BitShares blockchain is its scalability. Scalability loosely refers to the ability of a blockchain to process a large number of transactions at any one time. The BitShares platform is billed as having more capacity to settle transactions than the entire NASDAQ put together.
In 2017, over $500 billion entered the global cryptocurrency market, which saw BTS rise by over 9,000%.
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Market rate for common transfer amounts BTS to USD
|Bitshares (BTS)||US Dollars (USD)|