What is BitShares?
BitShares is one of the key projects that back blockchain industry which was established in 2014 with name BitShares X. project was developed by Dan Larimer who is key member and co-founder of project like Stemmit, EOS and cryptonomex. BitShares Blockchain innovated via C++ programming language implementation and it based on Graphene layer. However, Graphene is integrated with some of biggest project such as peerplays and Stemmit.
BitShares is first ever decentralized autonomous network that enable governance ecosystem via for those who holding native token. BTS is governance token that let holder to decide future direction and development via voting. The platform aims to implemented industrial decentralized platform by helping them to build high performance smart contract.
The platform focusing to bring business owner, investor, developer and entrepreneurs to serve free market solution using decentralized consensus. BitShares passively relies on Consensus technology that aggregate real-world knowledge to coordinate productive and worthful use.
Network based on Delegated Proof of Stake (DPoS) Consensus algorithm and current most of Decentralized Exchange uses Bitshares to empower their product. Basically, Bitshares wanted utilize distributed consensus to build high performance, more efficient and user-friendly payment network for real world.
|Month & Year||BTS Price Prediction|
|All-time high||$0.91 USD|
|Exchange Platform||ZB.com, Binance, Huobi Global, Indodax, Gate.io, HitBTC, MXC, LBank, Livecoin, VCC Exchange, CoinEx, CoinDCX, Poloniex, RuDEX.|
|Wallet||Metamask, Ledger, Trust Wallet, BitShares Wallet.|
BTS ICO Overview
|Date of ICO||NA|
|Partners||Banx Capital, University of Nicosia, Nuclear Bunker Data center,|
BitShares was launched in cryptocurrency market around 6 years ago in the month of July 2014 with initial offering price of $0.013 USD. Within period of a month, BTS showed strong bullish nature and reached price of $0.034 USD. Which was more than twice of its initial price. But soon after 2 months BitShares went into bearish mode and price of 1 BTS started dropping drastically and reach bottom of around $0.002 USD which 1/6th of its initial price and 1/17th of all time high in between July 2014 to October 2014.
After that it took around 3 more years and in June 2017, value of 1 BTS reached around $0.3 USD which was highest price till that time. And later during so called honeymoon period of cryptocurrencies that is January 2018, price of 1 BitShares reached $0.8 USD which was huge if we compared it with its initial price of $0.013 USD. Later as we all know many countries had put ban on crypto, so all crypto price dropped down dramatically and BTS was not an exception for this case. Drop was so deep that it reached around $0.008 USD which is 1/100th of all time high(0.8USD in January 2018) of all time.
In last few days, BTS has again show some bullish nature like other cryptocurrencies like BTC and ETH. Currently in September 2020, price of 1 BTS is lying in between $0.05 USD to $0.06 USD.
BTS secure market volume from DEX and that’s could be the reason why they are consistent with daily volume. however, Q2 and Q3 2020 so far is in favour on Bitshares and in future it definitely helps project to remain under top 100 crypto project.
Will BTS Can Reach $1 USD?
Yes, that looks tough in upcoming 1 to 2 year but it could possible in 4 to 5 year from now.
Is BitShares a Good Investment?
Yes, it probably empowers the DEX that’s currently one of most growing innovation in the blockchain market.
DPoS was firstly used or implemented by BitShares and it is one of key factor in decentralized network like DEX, dApps and DeFi. It Project itself massive pushing decentralized adaptation in blockchain industry, where community will be the governance. The project team create more positive impact because founding member also part of Microsoft Azure Blockchain. BitShares is distributed and autonomous and it provide open source software that distributed to stakeholder. The Software also implemented with Stock and user who buy stock will become stockholder. BitShares will always have benefit for having governance ecosystem.