bitCNY (BITCNY)

Market Cap

$21,308,531 USD

Volume (24h)

$8,146,765 USD

3.2
SAFETY

ranking factors

  • Markets

    How many exchanges are there to trade this coin?

    bitCNY Markets Rank: 3/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    bitCNY Volume Ratio Rank: 38/100

  • Market Cap

    The total cost of all coins available.

    bitCNY Market Cap Rank: 91/100

  • 24h Change

    Is the price moving up or down?

    bitCNY 24h Change Rank: 49/100

  • Social Following

    How many users are following this coin?

    bitCNY Social Following Rank: 3/100

  • Google Trends

    How many users are searching for the coin?

    bitCNY Google Trends Rank: 1/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    bitCNY Twitter Citation Rank: 4/100

  • User Voting

    How popular is this coin among Cointobuy community?

    bitCNY User Voting Rank: 87/100

bitCNY investment analysis

If you're looking to make some massive gains then a bitCNY investment is likely a bad choice. It's actually designed to stay at or around the same price. That's because this is a pegged cryptocurrency asset. It is tethered to the Chinese Yuan, and it was created to offer a stable trading asset to investors.

It's one of the many pegged asset available for trading on the BitShares exchange and it represents the number of BitShares needed to equal one government-issued Chinese Yuan.

If you're looking for a good place to put some money where it will not swing wildly around in price, then this might be a better option, however. It also gives you the ability to trade it directly for the many other pegged currencies that BitShares has to offer which include not only other world currencies but also gold and silver.

This particular BTS token has become quite popular because it's one of the few stable coins that is tied to something other than the US dollar. Interested in learning more about this token? Keep reading to find out how to buy it and how to use it in your trading strategy.

current price
$0.155603
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.

+168.2%
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.

$0.417327
Rankings

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

321/878
by Safety
695/878
by Profit
historical data

How to buy bitCNY?

Traders can buy bitCNY on a handful of decentralized exchanges which make use of Bitshares assets. It has several trading pairs available, but the most viable ones are Bitcoin, Ethereum and of course Bitshares. The trading volume for this pegged asset is quite good, and you should have no trouble executing a trade on several different providers.

For storing your tokens you'll likely need to use the exchange which you purchased it on. This asset does not really have a native wallet, but most decentralized exchanges that would offer it actually function as one. These platforms usually offer you a private key style login rather than the typical email-based accounts which makes them a little different than other exchanges. You also typically own the wallet. Make sure to keep your password in a safe place, and preferably you should write it down on a sheet of paper. If you lose this then you will never be able to regain access to your account!