Today 1 Bytecoin (BCN) = 0.000945 USD, it counts on 184.470.000.000 coins in circulation. Coingecko ranks bytecoin as Number 44 in market capitalization. After a lot of rainy clouds, the sun shines for Bytecoin again.
Bytecoin's main idea is the implementation of the ring signature technology to sign the transactions of a given user on behalf of the group. This results in a robust and completely anonymous payment scheme.
Last year Bytecoin was very affected by Bear market. It made it to 0.14 USD per 1 BCN in May. But during the rest of the year it was going down. Last October the coin crashed after Binance delisting, as you can see in the next chart.
Its value was around 0.0015 USD per 1 BCN in November, falling to the record low of 0.0005 las December.
The low range has been maintained from December to February.
But in the next chart we can observe the Bytecoin resurrection.
Today BCN recorded the growth over 70% comparing its levels vs February 10th. Not shabby, at all. Bytecoin counts on great advantage, its value is low vs american dollar, what could make a possible high profit for investors. A lot of people think that Bitcoin is an expensive crypto and Bytecoin is absolutely the opposite.
I've recently bought a cloud mining on Eobot for 10 years, thus I get 6 new Bytecoins every day. (after investing 8 USD). Plus the faucet reward can bring you 5 to 6 BCN every day, that means aprox. 300 BCN per month if you visit the site most of the days.
I know that its value is low, but I consider it may become profitable crypto on the long run. There are also people who strongly disbelieve in Bytecoin, I respect their point of view but I am personally more optimistic about it.
Perhaps Bytecoin isn't well appreciated today, but it passed the hard test last year and it's still here, rising again. Plus Bytecoin made improvements in its software Bytecoin Amethyst v.3.4.2. Due to its relatively low levels, high growth, improvements and relatively good capitalization on Market; I keep on giving a shot to Bytecoin.
Cover image taken from: https://www.flickr.com/photos/159526894@N02 - Credit: https://flyerdiaries.com/