Bytecoin believes Bitcoin does not sufficiently, if at all, meet these privacy requirements, and they aim to build a protocol that does. However, it’s important to consider both technical factors and fundamental factors (on-chain activity and development) before making the decision to buy Bytecoin or not. The altcoin had failed to show any significant price movements in the second quarter.

However, bigger news came in May 2018, where major cryptocurrency exchange Binance announced that it was going to start listing Bytecoin. This is actually really good news as Binance is responsible for close to $2 billion in daily trading volume. When I talk about market capitalization, this is the best way to understand how much the cryptocurrency is worth in total, based on the current market price. This is achieved by multiplying the current price of the cryptocurrency against the total amount of coins in circulation. BCN has little to no trading activity, nor is it available on any major exchanges.

The operator of the website or the authors of the articles do not bear any responsibility for any decisions that visitors may make after reading articles published on the TradingBeasts website. 82% is a huge number of coins to be premined and gives the developers and stakeholders the opportunity to influence the price of BCN solely with their holdings. What is more, this opens the possibility of a “pump and dump”, meaning that the premined Bytecoins can be dumped on the market which, in turn, would cause the price to drop significantly. It has no first mover advantage, it brings no unique value proposition, it has a weak team and small community behind it. All of this summed up prevents Bytecoin to succeed and rise in price for the long-term. It is worth buying only as a short-term speculation with a good exit strategy.

Meanwhile, a Golden Cross last occurred on Aug 21, 2022, which was 172 days ago. Bytecoin can be traded on exchanges like Coinex, Poloniex, HitBTC, Gate.io, and many more. Yes, considering the fundamentals, Bytecoin might be a good investment for the long term.

Borrowing the CryptoNote white paper, Bytecoin implements one-time ring signatures which enable complete transactional unlinkability between network participants. Bytecoin is one of the first post-Bitcoin, privacy-focused cryptocurrencies that implements CryptoNote, also used by other privacy coins like Monero. The information provided is for general information purposes only.

Do bear in mind that online forecasters are not genuine financial advisers. While useful as a guide, it is highly recommended to conduct your own due diligence before investing in any cryptocurrency. ByteCoin forecast, ByteCoin price prediction, ByteCoin price forecast, BCN price prediction, BCN forecast, BCN price forecast. These are some other terms to define this ByteCoin technical analysis page. Below you can see the Bytecoin hourly, daily, weekly and monthly price predictions. These predictions aim to give you an indication of what Bytecoin will be worth in one hour, today, tomorrow, over the next week and next month.

Bytecoin (BCN) Price Prediction 2028

It’s important to note that the content on the BitcoinWisdom website shouldn’t be considered investment advice. 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.

The information contained on this website is not necessarily provided in real-time nor is it necessarily accurate. Please see our disclaimer page to find out how https://cryptolisting.org/ often we update information on the website. In order for you to use this website in any manner, please read our disclaimer/disclosure page and privacy policy.

• Digitalcoinprice.com needs to review the security of your connection before proceeding.
• No, our prediction model sees no possibility for Bytecoin to reach $1 in the short or mid-term period.
• However, now Bytecoin developers have opened several channels for communication, removed some layers of anonymity and created several local communities in their support.
• At the moment, it appears like just a small number of people are working to assist Bytecoin.
• BCN aims to provide privacy and security for those who want to keep their finances private.

As I mentioned earlier, Bytecoin can confirm a transaction in 2 minutes, while Bitcoin takes 10 minutes. Bytecoin is also more anonymous than Bitcoin, which makes it much easier to send transactions privately. During the first three years of trading, the BCN coin saw practically no interest at all. Then, in May 2017, after almost 12 months of no communication from the team, Bytecoin suddenly announced that they were working hard on making their goals a reality.

Therefore, having at least a part of the portfolio devoted to crypto is practically a must for any trader and investor who wants to grow his wealth over the coming decade. But with it comes the necessity to closely follow the developments on the said market in order to comprehend the current situation and have some sense of the future. This Bytecoin price prediction model was created for the purpose of helping the reader to navigate through the rapidly-evolving crypto space, find the best coins or tokens to invest in, and keep the equity curve growing. But before delving into the all-around Bytecoin analysis and price prediction, we would like to remind you of the essential rules of cryptocurrency trading and investment. At TradingBeasts, we do our best to provide accurate price predictions for a wide range of digital coins like Bytecoin. We update our predictions daily working with historical data and using a combination of linear and polynomial regressions.

The most important indicator of whether a cryptocurrency goes up or down is real-world events. For example, if a cryptocurrency formed a partnership with a really big company, then its price will more than likely go up. On the other hand, if a cryptocurrency experienced a hack, then the price would probably go down. What to expect when it comes to bytecoin price prediction for 2023?

How is Bytecoin correlated to other assets?

Throughout its life, Bytecoin has encountered numerous controversies relating to alleged unfair pre-mining practices and collusion, of which you can read more in our guide. Bytecoin, crypto’s oldest privacy coin, went public in 2014, offering transactional privacy thanks to its use of CryptoNote protocols similar to those used by the popular privacy coin Monero. CryptoGround.com is an independent publishing house that provides Cryptocurrency & Blockchain Technology News. It is a News Media Platform which serves its audience with accurate News and Analytical Articles.

Being predominantly a peer-to-peer payment system, Bytecoin faces the same problems as Bitcoin. In just the first few hours after the Binance announcement, its price increased by almost 166%, only for the network to break down because it couldn’t handle the volume! Many people believe that this could have been Bytecoin’s big chance to make some real gains, however, its technology lets it down. So now that you know what the coin actually does, the next part of my Bytecoin price prediction guide is going to make sure you understand that predictions should always be taken with caution. Buy and Sell over 150 coins on the world’s biggest crypto exchange – Binance.

Bytecoin Price Prediction for 2025

With this in mind, I think its best that I discuss some of the things that might see its price rise, with a specific focus on the Bytecoin roadmap. I came across a website called CoinLiker that claims to focus specifically on cryptocurrency predictions. According to their pricing model, they believed that Bytecoin will reach $0.2775 by the end of June 2018.

Once Bitcoin settles in the new price range, altcoins will start to do the same – we have witnessed this scenario dozens of times in the distant and more recent history. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices.

Bytecoin Price Prediction 2023

Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market. Firstly, in terms of technology, it has a lot of advantages against the most popular cryptocurrency, which is Bitcoin.

The team working on the coin, until recently, was completely anonymous. However, now Bytecoin developers have opened several channels for communication, removed some layers of anonymity and created several local communities in their support. In that sense, it’s difficult for me to advise whether Bytecoin is a good investment. Ultimately, you need to make a decision based on your own research. This could be a really successful addition to the Bytecoin project as it will allow the community to come up with new ideas and improvements. Again, the success of this particular upgrade could see the price of Bytecoin increase.

What is the Bytecoin (BCN)?

If everything is a success, then this could result in an increase in price. The full list of features that Bytecoin are looking to achieve has not been released yet, however, they have advised they are looking to install a dynamic fee system. Before I take a look at some of the key events expected in the Bytecoin roadmap, I thought it would be a good idea to talk about what happened in the project’s first three years.

ByteCoin price prediction or you can say ByteCoin forecast is done by applying our in-house deep learning algorithm on the historical data of BCN. Based on the historical price input data the system predicts the price of ByteCoin for various period of the future. You can checkout the ByteCoin price forecast for various period of the future like tomorrow, next week, next month, next year, after 5 years. Bytecoin has amazing potential over the next few years as acceptance for cryptocurrency increases.

ByteCoin News

We don’t own a crystal ball that would allow us to see the future. The website may include advertisements and other promotional content, and CryptoPredictions may receive compensation at no extra cost to you from these ads. For its Bytecoin price prediction for 2030, PricePrediction estimates a $0.01 price point.

Coinpedia’s BCN price prediction for the coming year notes a potential high of $0.008 with a potential low of $0.0005. It’s important to note that the content on the Bitnation website shouldn’t be considered investment advice. 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.