0xBitcoin (0xBTC)

Market Cap

$1,012,596 USD

Volume (24h)

$1,082,800 USD

3.0
SAFETY

Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    0xBitcoin Markets Rank: 1/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    0xBitcoin Volume Ratio Rank: 100/100

  • Market Cap

    The total cost of all coins available.

    0xBitcoin Market Cap Rank: 74/100

  • 24h Change

    Is the price moving up or down?

    0xBitcoin 24h Change Rank: 45/100

  • Google Trends

    How many users are searching for the coin?

    0xBitcoin Google Trends Rank: 1/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    0xBitcoin Twitter Citation Rank: 1/100

  • User Voting

    How popular is this coin among Cointobuy community?

    0xBitcoin User Voting Rank: 40/100

0xBitcoin investment analysis

This unusual asset is actually a mineable token meant to mimic Bitcoin but built on the Ethereum blockchain. This asset was mostly created as a protest to the fact that basically all tokens on the Ethereum chain must be purchased instead of mined like cryptocurrencies were originally.

To that end, the creators of this asset wanted to make a token that could be mined, like Bitcoin, but would also have all the features inherent with Ethereum's own chain. This allows for a more fair distribution of assets. While the goal is admirable, it's unlikely that many projects would make the switch to a mineable ecosystem. ICOs are just too profitable.

If you are planning to make a 0xBitcoin investment, then you should know that the use case for the token itself is iffy. However, since this is an ERC20 token, that means it can interact with any existing services of this nature, and that gives it a little bit of built-in adoption so to speak.

There is also one other interesting scenario involving Ethereum. Once the Ethereum network goes proof of stake, there will be no way to mine it. Users will however still be able to mine this token, and that might actually give it a very interesting place with small-scale miners.

current price
$0.212869
Potential Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

+116.1%
Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

$0.459999
Rankings

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

629/2277
by Safety
1159/2277
by Profit
historical data

How to buy 0xBitcoin?

Investors can buy 0xBitcoin on only a few of the lower volume exchanges. This strange crypto does have a surprisingly large trading volume for what it is, and investors should be able to easily execute a trade. Trades can also be completed using two different trading pairs. Investors are free to utilize either Bitcoin or Etheruem for the swap, as both of them have decent liquidity.

This is an ERC20 cryptocurrency, and investors looking for a safe place to store their investment will need to seek out an Ethereum based wallet. There's a ton of ways to do this, and if you be sure to choose a safe wallet, then you'll be okay. If you need some help, then you could look into the Meta Mask plugin or possibly an Android or iOS wallet such as Coinomi if you'd prefer an option that can store multiple currencies in one easy to use application. No matter what wallet you use, take the time to create a backup of your seed on a sheet of paper in the event that your device becomes inoperable.