For the last 7 days, BCN has been in a good upward trend, thus increasing by 8.84%. Bytecoin has shown very strong potential lately, and this could be a good opportunity to dig right in and invest. According to our historical data, it is currently not profitable to invest in Bytecoin. The price of Bytecoin decreased by -14.77% in the last 1 year, while the coin’s 3-year performance is -95.48%.
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Given that BONK has spent more than a week declining, it’s likelier that a big move will be more towards higher levels. At the same time, BONK’s relative strength index (purple) has risen from just under 30 very early this morning to around 60 as of writing, signaling a strong surge in buying pressure and momentum. Even more impressively, the coin has also gained by a whopping 5,400% in the past year, making it one of the best-performing top-100 tokens over this period.
Bytecoin Prediction Table
Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data. The Fear & Greed Index can be a useful measure of Bytecoin investors’ sentiment, and is based primarily on Bitcoin-related market data. The problem with the low popularity of BCN crypto coins is the low profitability of mining this digital asset. Moreover, in the case of using a computer, the power is above average, you can receive up to 1.5 thousand coins per day.
- Currencies that are positively correlated with Bytecoin indicate that the movement of one has a statistically significant weight to lead the other in the same direction.
- This is a short-term price prediction/forecast, includes only the next 10 days, updated every 5 hours.
- The 14-day relative strength index (RSI) is currently at 53.36, indicating Natural conditions in the market without being oversold or overbought.
- The price of BCN in 5 years could lie around $0, according to CaptainAltcoin’s prediction model.
Bytecoin Bollinger Bands
Bytecoin is an untracked cryptocurrency that uses CryptoNote ring signatures to secure anonymous transactions. Being predominantly a peer-to-peer (p2p) payment system, Bytecoin faces the same problems as Bitcoin. It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing. Bytecoin price is correlated with the top 10 coins by market cap with a price of , excluding Tether (USDT) and correlated with the top 100 coins by market cap excluding all stablecoins with a price of . With a triple re-test of support for the bullish trading channel, it seems probable that there is now sufficient confidence in FLOKI’s technical structure to mount a higher push.
Important Note About Cryptocurrency Pricing Predictions
We also gather additional information from different sources to ensure we cover all necessary data or events. On the daily chart, exponential moving averages show a bearish signal. Our price prediction forecasts use real-time Bytecoin (BCN) market data and all data is updated live on our website. This allows us to provide dynamic price predictions based on current market activity.
The latest upside move appears to have been fuelled by a bullish listing for Floki Inu on Revolut Business, enabling European commercial accounts to invest in the FLOKI asset. The information on this website is for educational purposes only, and investing carries risks. Always do your research before investing, and be prepared for potential losses.
They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA). This forecast utilizes AI technology to project the price of Bytecoin over the upcoming days. It factors in the recent hourly prices of BCN and the present market trend, although the actual price may differ.
Below is the chart illustrating the short-term price prediction for Bytecoin. Most traders use candlestick charts, as they provide more information than a simple line chart. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.
I have written extensively about Bitcoin and my work has appeared in some of the most respected publications. Bytecoin proved to be one of the most talked about coins in the crypto space this past year. With this in mind, it is wise to say that BCN is a good choice of investment. At the moment, it appears like just a small number of people are working to assist Bytecoin. They are primarily focusing on the network to enhance blockchain functionalities and anonymity.
All in all, the whole crypto community is preparing for the next leg up in this bull run. The 200-day SMA is calculated by taking Bytecoin’s closing prices in the last 200 days, adding them together, and dividing the total by 200. The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50. You heard that right – whilst the original Dogecoin has inspired a huge family of spin-off tokens – no DOGE-linked meme coin has ever delivered multi-chain trading. DOGEVERSE is here to fill that huge void in the year of Omnichain cryptocurrency.
Whether he’s trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he’s not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes. Bytecoin’s primary goal is to make international transactions between users quick and anonymous.
At the heart of the Bytecoin coin is the new CryptoNote technology, which has a number of unique properties. This digital coin is ideal for those users who value the security and anonymity of their financial transactions. In addition, it enables transactions to be carried out automatically.
DOGEVERSE will operate on Ethereum, Polygon, BNB Chain, Solana, Avalanche, and Base, a multichain feature that supporters will drive prices in 2024. DOGEVERSE is continuing to snowball with viral traction on the BASE chain, as the fastest-growing meme coin https://turbo-tax.org/ presale surges past $15m raised – here’s what’s going on. Overall, with impressive technical form stemming from FLOKI’s triple-tested lower trendline, strong fundamental news, and capacity remaining on the RSI, upside moves are likely in the week ahead.
Investing is speculative and when you invest money, your entire capital is at risk. You should do your own research before investing in any company or product. Always remember that investment decisions are risky and you should never invest more than you can afford to lose. Editor-in-Chief of the BitcoinWisdom site, I’m responsible for ensuring all the content on our website is accurate, relevant, and helpful. I am a cryptocurrency advocate and I have been following the crypto space since early 2012.
He decided not to use the usual fork path, but to create his own software framework for the further development of Bytecoin. At the same time, the first financial transaction using a byte was carried out only two years after the appearance of the currency. When developing BCN cryptocurrency, programmers achieved maximum anonymity and security.
Also bullish is the fact that the coin’s resistance (red) and support (green) levels are honing in on each other, implying that the price is likely to be squeezed suddenly in either direction. Also, the disadvantage of cryptocurrency is that few platforms support working with it, which limits the opportunity for novice users to earn it. In addition, not every mining pool provides an opportunity for the extraction of this crypt by joint efforts. One of the most important factors that can ensure the subsequent success of the currency is that it began to trade on such a major crypto exchange as Binance. Such news led to a jump in the exchange rate quotes, which subsequently helped to attract new investors and users interested in the possibility of making a profit using this asset.
The income from the extraction of such crypto is still small, but it is possible that after a while, with the growth of its value, such activities will bring dividends. Also, the received currency can be exchanged for other altcoins, which can also contribute to earnings in the future. But here the size of the final profit will directly depend on the rate of rising in the price of digital currencies to fiat money. Bytecoin (BCN) is one of the first digital coins based on the CryptoNote software algorithm.
Everyone is allowed to participate in the work of the BCN cryptocurrency blockchain network, using the power of their electronic device (PC, laptop, etc.) for this purpose. Due to this mechanism, bcn coin price prediction transactions are processed decentralized, and each person simultaneously acts as a user and a participant. Nevertheless, the coin has survived the crisis and is still traded constantly.
The level of security and privacy offered by the digital assets have escorted a myriad of users and investors. Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance.
The most popular exchange to buy and trade Bytecoin is Gate.io, where the most active trading pair BCN/BTC has a trading volume of $6,434.61 in the last 24 hours. As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Looking ahead, the market is poised for what many experts believe could be a prosperous period. The potential approval of Ethereum ETFs later in the year is another eagerly awaited development, which could further validate the cryptocurrency market and attract a new wave of institutional investment.
A prediction showing strong future price growth encourages investing before the price rises. Create your account below to receive exclusive access to a wide range of trading tools such as premium Bytecoin price predictions, advanced BCN buy/sell signals and much more. No, our prediction model sees no possibility for Bytecoin to reach $1 in the short or mid-term period. No, our prediction model sees no possibility for Bytecoin to reach $0.10 in the short or mid-term period.