Cryptocurrencies: 1602
Market Cap: $255,333,123,705
24h Vol: $16,003,176,963
BTC Dominance: 40.88%

BitBay (BAY)

Market Cap

$25,601,750 USD

Volume (24h)

$86,918 USD

3.6
SAFETY

ranking factors

  • Markets

    How many exchanges are there to trade this coin?

    BitBay Markets Rank: 4/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    BitBay Volume Ratio Rank: 1/100

  • Market Cap

    The total cost of all coins available.

    BitBay Market Cap Rank: 87/100

  • 24h Change

    Is the price moving up or down?

    BitBay 24h Change Rank: 45/100

  • Social Following

    How many users are following this coin?

    BitBay Social Following Rank: 76/100

  • Google Trends

    How many users are searching for the coin?

    BitBay Google Trends Rank: 1/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    BitBay Twitter Citation Rank: 49/100

  • User Voting

    How popular is this coin among Cointobuy community?

    BitBay User Voting Rank: 89/100

BitBay investment analysis

BAY is a decentralized marketplace intended to allow their users to trade freely with each other. They do this by way of the downloadable client which will enable access to their market. They are not the first, and also likely not the last blockchain project to attempt this.

However, many soon find that getting people to actually switch from using a website to a download client is easier said than done. This project has been ongoing since 2014, with little success in acquiring a user base.

This community project is big on heart, but their marketing leaves much to be desired. If they are ever to establish themselves as an alternative to marketplaces like eBay or Amazon, it will take a much bigger push, and they may not be capable. If you plan to make a BitBay investment, you should be aware that you could be holding for a very long time. Adoption of this scale is not an overnight event.

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current price
$0.025295
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.

+517.9%
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.

$0.156293
Rankings

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

185/857
by Safety
202/857
by Profit
historical data

How to buy BitBay?

There are only a tiny number of places where investors can buy BitBay, however, there are a couple popular options here, and the volume is at a decent level to execute a trade. Bitcoin is the only really viable option here, but there is a little bit of trading volume for the Euro, if you'd prefer to use it. Though due to the liquidity distribution, you should be sure that you are not overpaying for the privilege.

In order to store your coins, you'll need to use one of the official wallet options. You have a choice between the downloadable client or a web wallet. They do have options for Android, Mac, Windows or Linux if you'd prefer the download option. In any case, be sure to back up your wallet file or seed for safety.