Bytecoin BCN price prediction 2022

Full investment analysis and all important charts and metrics for Bytecoin BCN.

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Bytecoin BCN
$0.00003398 13.64%
Market Cap.
$58,425,443.00
Total Volume
$2,139.69
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5
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Price Change
$0.000004080 13.64%
High 24H
$0.0007008
Low 24H
$0.00002867
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All Time High
$0.1452
ATH Date
08.05.2018
Total Supply
0
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7
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Volatility of BCN Price
3.829% = $0.000002228
Lower Bound
$0.00005595
Upper Bound
$0.00006041
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Average Price last 30 days
$0.00006003 76.662%
AVG (L60D)
$0.00005793
AVG (L90D)
$0.00006334
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BCN Price Target in 24h
≈ $0.00005892 73.401%
Target in 48H
≈ $0.00005844
Target in 72H
≈ $0.00005870
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Fear & Greed
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Volatility Barometer
%
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Trading Vol. Barometer
%
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History Data
- 13.64%
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Growth Performance
-
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Rate of Change
-
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Momentum
-0.000003292 Bearish
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Money Flow Index
-
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Relative Strength Index
-
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Stochastic Oscillator
-
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Moving Average Convergence Divergence
-
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Average True Range
-
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Tom Demark Sequence
-
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Floor Pivot Levels
-
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Simple Moving Average
-
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Exponential Moving Average
-
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Woddies Points
-
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Bytecoin BCN Price Prediction
≈ $0.00005892 73.401%
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Ichimoku Cloud
-
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3
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Technical Chart Analysis
-
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Price Development in 2022
-
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Block Time
2 Minutes
Hashing Algo.
Cryptonight
Genesis Block
04.07.2012
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Twitter Follower
38,888
Reddit Subscr.
17,016
Alexa Rank
379,395
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8
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Social Media Popularity
33.33% 66.67%
Facebook Name
-
Twitter Name
Bytecoin_BCN
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Crypto Market Capitalization
- Billions
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Market Share Distribution
-
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Global Economy Crypto Ratio | GECR Market Cap. Prediction
-
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GECR Coinprice Prediction
-
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Unemployed US
- millions
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Unemployed EU
- millions
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FED & ECB Interest Rate
-
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Inflation Worldwide
-
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Bytecoin BCN Description

Bytecoin is the first cryptocurrency created with CryptoNote technology. Bytecoin allows users to make absolutely anonymous money transfers through the CryptoNote algorithm. CryptoNote uses CryptoNote ring signatures to provide anonymous transactions and allows you to sign a message on behalf of a group. The signature only proves the message was created by someone from the group, but all the possible signers are indistinguishable from each other. Even if outgoing transactions are untraceable, everyone may still be able to see the payments received and thus determine one's income. By using a variation of the Diffie-Hellman exchange protocol, a receiver has multiple unique one-time addresses derived from his single public key. After funds are sent to these addresses they can only be redeemed by the receiver; and it would be impossible to cross-link these payments. As a primarily peer-to-peer (p2p) payment system, Bytecoin has many of the same use-cases as Bitcoin. Created in 2012, Bytecoin is one of the earliest developed cryptocurrencies. Until recently, the team behind the coin has kept themselves anonymous. Now, though, they’ve opened up multiple communication channels, removed some layers of anonymity, and even built several local communities. Bitcoin’s PoW consensus algorithm heavily favors miners that use powerful GPU and ASIC machines over those trying to mine with CPUs. This causes the network to centralize around the more powerful miners. Bytecoin attempts to close the gap between these two classes of miners with a new algorithm, Egalitarian Proof-of-Work (PoW). Egalitarian PoW uses a version of skrypt, a proof of work function similar to the hashcash function used by Bitcoin. The difference between the two is that scrypt isn’t memory bound. Because of this, you can produce highly efficient CPU mining rigs. GPUs will always be about 10 times more effective, though. The Bytecoin project has been fairly fractured since its inception in July 2012. Previously, several isolated teams worked on the project without seemingly communicating with each other. This led to numerous forks and versions of the coin. In July 2017, the team decided to change their image and provide more transparency to the community. The team still remains pseudo-anonymous by only providing names and headshots on their webpage – no bios or social media links. But, it’s tough to expect more from a project that’s focused on privacy. The team has been busy at work refactoring their code and are planning to release a new public API on February 6, 2018. They’ll also be entering the Asian, Middle East, and African markets throughout 2018.

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Homepage
Blockchain Site
Official Forum
Reddit
Repository

Score Achieved

0
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100

Investment Rating

Market Trend

Bullish
Bearish
Sidewards

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