For a long time there’s been a lot of talk about tokenizing actual-world assets, be it commodities, real estates such as bonds, stocks, or any other. As cryptocurrency began to garner the attention of the masses, transforming everything into a cryptocurrency, particularly bonds and stocks, became extremely well-known.
Then, a variety of blockchain-related projects have come on the scene to achieve exactly that. One of them includes Bytom (BTM) which is an extremely small altcoin that has gotten the spotlight recently in the fintech industry. With BTM costs still low are you considering now the best time to invest in this cryptocurrency?
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What’s Bytom Crypto?
One way to grasp the work Bytom is up to is to examine other blockchain networks similar to Ethereum. Cryptocurrency projects can leverage Ethereum’s infrastructure to create new tokens. But there are issues that the Ethereum network wasn’t built for such as the use of tokens to represent assets. This is the point where Bytom comes in.
Bytom’s aim is to allow users to convert any investment that is really such as a bond, dividend, bond, stock or any other type of investment into a convenient cryptocurrency token that can be traded the same way as another cryptocurrency might.
While it sounds like a huge job, we’ve experienced it in the past. If you trade commodities you don’t purchase actual barrels of crude oil or cattle heads. You buy a futures contract that provides you with the possibility of buying a specific commodity. In this way, investors have seen assets from the real world transform into digital assets. The next step is to make it an uncentralized ledger and then transform it into the first cryptocurrency.
Like how Ethereum makes use of Ether as a currency to facilitate transactions within the Bytom network Bytom operates in the exact method with its native currency, BTM. However, the possession of BTM tokens allows you to have an interest in future decisions regarding the Bytom network and allows you to vote on any major modifications.
Bytom price prediction 2021
The prices for Bytom haven’t been doing very well over the last couple of months. At its peak, Bytom surged to over $1 per BTM token in July of 2018. At present, however, the price is around $0.20 instead. Although that’s nearly double the price they were at the first quarter of 2021 it’s not much of a leap when compared with the other altcoins which have produced multiple-digit percentage gains over the past few weeks.
At present, Bytom is the 175th largest cryptocurrency project globally, meaning there’s plenty of room for growth. But the fact that Bytom hasn’t garnered much interest in this bull market isn’t the best indicator of the popularity of the project. It is possible that prices will continue to rise until maybe $0.30 towards the close of the year however, even that’s a bit uncertain.
If you’re located in the U.S. finding here to purchase Bytom isn’t easy.
While a limited selection of altcoins can be found on exchanges such as Coinbase and eToro however, the majority time you’ll find more success initially on Binance. But, BTM tokens don’t appear on the top exchanges of the moment, not even Binance. The best option is to look for international crypto exchanges such as Huobi Global if you’re looking to buy BTM.
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BYTOM PRICE PREDICTION FOR 2021, 2022, 2023
We try our best to give precise price predictions for a variety of digital coins such as Bytom. Our predictions are updated every day using historical data and employ the combination of polynomial and linear regressions. However, no one is able to be able to predict the prices of cryptocurrency with absolute certainty, so it is important to recognize that the below BTM price predictions are intended as a prelude to the possibility of price changes and should not be used to provide investment advice.
BYTOM PRICE PREDICTION FOR OCTOBER 2021
This Bytom price is predicted to rise to $0.0879060 in the first week in October of 2021. The maximum expected price is $0.1098824 The minimum price is $0.0747201. The Bytom price forecast at the close this month will be $0.0879060.
BYTOM PRICE PREDICTION FOR NOVEMBER 2021
It is estimated that the Bytom price is expected to be $0.0878139 at the beginning in November of 2021. The anticipated maximum price is $0.1097674 and the minimum is $0.0746418. The Bytom price forecast for the close this month will be $0.0878139.
BYTOM PRICE PREDICTION FOR DECEMBER 2021
It is estimated that the Bytom price is expected to be $0.0876673 in the first week in December of 2021. The anticipated maximum price is $0.1095841 and the minimum is $0.0745172. The Bytom price forecast for the close in the month was $0.0876673.
BYTOM PRICE PREDICTION FOR JANUARY 2022
It is estimated that the Bytom price is predicted to rise to $0.0874705 in January 2022. The anticipated maximum price is $0.1093381 The minimum price is $0.0743499. The Bytom price forecast for the close on the 31st of this month would be $0.0874705.
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BYTOM PRICE PREDICTION FOR FEBRUARY 2022
Bytom price is predicted to rise to $0.0872048 in the first week of the month of February in 2022. The anticipated maximum price is $0.1090061 and the minimum is $0.0741241. The Bytom price forecast for the close this month will be $0.0872048.
BYTOM PRICE PREDICTION FOR MARCH 2022
It is estimated that the Bytom price is predicted to be $0.0868696 at the beginning the month of March in 2022. The maximum expected price is $0.1085870 The minimum price is $0.0738391. The Bytom price forecast at the end on the 31st of this month would be $0.0868696.
Bytom (BTM) Frequently Asked Questions
WHAT IS BYTOM?
Bytom Blockchain Protocol is an interactive protocol that incorporates several Bytom Blockchain Protocol byte assets. Heterogeneous byte assets function in various formats within Bytom Blockchain. Bytom Blockchain. Bytom blockchain utilizes the POW consensus method to ensure an asset’s security as well as decentralization. The sidechain of Bytom Vapor makes use of pluggable technology to create various solutions. By using the public chain as well as the side chain acting as the infrastructure for commercial platforms The entire blockchain’s bottom layer can be linked through an interoperable protocol known as Federation. (Description supplied by CryptoCompare)
HOW DO I BUY BYTOM?
It isn’t possible to purchase all cryptocurrencies using U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other well-known cryptocurrencies can be bought using U.S. dollars using Coinbase or BlockFi. Once you’ve purchased Bitcoin through Coinbase and BlockFi, you can make the transfer of funds from your Bitcoin into an exchange like Binance to buy other cryptos, like Bytom.
WHAT DO INVESTMENT ANALYSTS THINK ABOUT BYTOM?
Weiss Research, an investment research company that reviews cryptocurrency, has awarded Bytom an overall score with a score of “D+”, a technological and adoption rating that is “D+”, and an overall market performance rating that is “C-“.
WHERE CAN I GET BYTOM WALLET?
Bytom creates its own software for wallets which can be downloaded from its website. It lets you save Bytom on your personal computer. To ensure the best security, save your cryptos using a dedicated hardware wallet like a TREZOR or Ledger Nano X. If you don’t want to invest in an expensive hardware wallet, then you could think about using a mobile wallet, such as Atomic Wallet, Jaxx, or Coinomi to keep various cryptocurrencies and gain security advantages.
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WHAT IS THE VALUE OF BYTOM?
One Bytom (BTM) is currently worth $0.07 on the major cryptocurrency exchanges. It is possible to exchange the value of one Bytom in exchange for 0.00000151 bitcoin(s) on the major exchanges. The worth (or the market capitalization) of the total amount available Bytom worth in U.S. dollars is $115.11 million.
WHAT HASHING ALGORITHM DOES BYTOM USE?
Bytom is a proof-of-work (PoW) coin that makes use of Scrypt, the Scrypt algorithm.
HOW DO I MINE BYTOM?
Bytom and various Scrypt coins can generally be mined with profit using an specialized piece of mining equipment called an ASIC which is an acronym for an application-specific integrated circuit. Major producers of ASICs include BitMain (AntMiner), Microbt (Whatsminer) as well as Canaan (AvalonMiner). ASIC hardware is available straight from the maker or via retailers via Amazon or eBay.
WHAT COINS ARE SIMILAR TO BYTOM?
The following coins utilize Bytom’s Scrypt algorithm as well as a Proof of Work (PoW) type of proof: Dogecoin, Litecoin, UNUS SED LEO, Verge, Polymath, Hellenic Coin, Syscoin, XeniosCoin Presearch, Lotto, GameCredits, Matrix AI Network, Don-key, MoonSwap and Einsteinium.
WHAT IS THE REDDIT PAGE FOR BYTOM?
Official Reddit Community (subreddit) that is dedicated to Bytom is r/BytomBlockchain.