cryptoknowmics.com
GuneetCryptocurrencies have made many people rich, and over the next few decades and beyond, the same will be confirmed in cryptography. Blockchain technology and cryptocurrencies are here to stay! Crypto market meltdown cannot lead to the failure of BitShares as it has a strong network in place. Its smart coin-backed grid, which is price-stable, eliminates intermediaries to streamline trading and even allows over-the-counter or OTC transactions.
To reduce market volatility, assets are linked with precious metals, fiat currencies, and other assets. It also makes use of the Gateway and Open Ledger DEX to expand trading options.
It performs better than current Wall Street restrictions since it prohibits commonly used practices, including insider trading and high-frequency trading, to manipulate markets.
However, it is not immune to the impacts of a crypto market meltdown. Furthermore, the BitShares platform still has a long way before proving itself worthy of its lofty goals.
Are you excited to know more?
This article will provide a basic introduction of BitShares and BTS price prediction for 2020 and beyond.
What Is BitShares (BTS)?
BitShares is a Microsoft Azure blockchain-based decentralized cryptocurrency exchange. It was founded in July 2014 by Dan Larimer, co-founder and CTO of Steem and EOS, and Charles Hoskinson, creator of Cardano and Ethereum.
BitShares, like Steem, has a Graphene layer. These are among the most active blockchains available to date.
BitShares jumped right into the middle of the fight to regulate cryptocurrencies. The Securities and Exchange Commission (SEC) examines Ethereum and Bitcoin to see what fundamental differences suggest a crypto token behaves like security.
Proof-of-Stake is the consensus mechanism behind the BitShares network's blockchain technology. BitShares is ideally positioned to take on the likes of Binance in the long run, as cryptocurrency exchanges are battling tooth and nail for your service right now.
The total supply of BitShares is 3,600,570,502 BTS. On January 2, 2018, it reached a high of $0.907. The tokens can't be mined.
BTS is regarded as a legacy coin because it predates most exchanges and is credited with inventing crypto trading pairs.
Because BTS coins are used as collateral, they are more of a security than money. On the BitShares network, tokens can be issued that are convertible to BTS, which can then be converted to BitAssets linked to real-world markets.
This type of solid crypto alternative might be a safe refuge for those in volatile markets, such as South American countries. When hyperinflation rises in such countries, the local fiat currency falters, and this asset can be used to protect against losses.
Let's see BTS price prediction for the upcoming years in the sections below.
Price Analysis of the BitShares
Flashback: Price Analysis of BTS
BitShares is a blockchain-based smart contract network that may host tokenized applications. Tokens can be traded for BTS, which can then be traded for stablecoins called bitAssets, which are backed by real-world markets.
BitShares was first introduced in July 2014, with an initial offering (ICO) price of $0.013. BTS demonstrated a strong bullish character during a launch month, reaching a fee of $0.034. It costs more than twice as much as it did when it first came out.
Between July and October 2014, BitShares moved into the bearish mode, and the price of 1 BTS dropped dramatically. It reaches a low of roughly $0.002, which was 1/6th of its starting price and 1/17th of its all-time high.
After that, it took another three years for the value of one BTS to reach $0.3 in June 2017. Later, in January 2018, during the so-called cryptocurrency honeymoon phase, the price of 1 BitShares hit $0.8, a substantial increase from its initial price of $0.013.
However, due to the crypto ban in most countries, the price of BTS dropped so severely that it hit roughly $0.008, less than 1/100th of the all-time high.
Like other cryptocurrencies such as ETH, BTS has been showing signs of bullishness in recent days. The price of 1 BTS was $0.06 in September 2020.
BitShares (BTS) Price Prediction 2021
During September 2021, the price of BTS is expected to reach $0.06, and the minimum price can be $0.05. In November 2021, the highest price that Bitshares can reach is $0.07. However, by December 2021, it will again decline to $0.0606.
BitShares (BTS) Price Prediction 2022
The minimum price of BTS is predicted to be $0.05, representing a 33.57% change since 2021. By July 2022, Bitshares' price may reach $0.075 and decline to $0.074 in October 2022.
BitShares (BTS) Price Prediction 2023
In January 2023, the price of BTS will reach $0.0728 and then decline to $0.067 in June 2023. However, in August 2023, BitShares' price will decline to 0.064 and then rise to $0.071 by the end of December 2023.
BitShares (BTS) Price Prediction 2024
The average price of BTS in January 2024 will be $0.058 and then rise to $0.064 in May 2024. In August 2024, the price of BTS will reach $0.086 and then will hike by $0.04, reaching $0.09. Furthermore, the price of BTS will rise to $0.093 in December 2024.
BitShares (BTS) Price Prediction 2025
BitShares Price Prediction 2025 is estimated at $0.095, representing a $0.02 rise in the price of Bitshares since December 2024.
BitShares (BTS) Price Prediction: Market Sentiment
The price analysis of BitShares by popular media outlets is discussed below:
Wallet Investor
At the end of August 2021, the predicted price of BTS is $0.048 by Wallet Investor. However, a negative change of -14.079% is expected, which will reduce the BTS price to $0.0388.
Digital Coin Price
Bitshares price prediction by Digital Coin Price for Jan 2025 is $0.00074. According to this media outlet, it will rise to $0.00092 in November 2025 and then decrease to $0.00091 in December 2025.
Trading Beasts
Trading Beasts expects the BTS price to revolve around $0.06 during 2021 and then rise to $0.093 by December 2024.
Gov Capital
Gov Capital predicts that the best possible price of BTS will be $0.026 on September 30, 2021. The media outlet is quite pessimistic and expects that BTS will decline to $0.01 and then to $0 on November 25, 2021.
Coin Arbitrage
According to Coin Arbitrage, the Bitshares price should be approximately $0.27 by the end of 2022, and it might easily reach $0.437 during December 2023. At the end of December 2024, it is expected to rise to $0.707 Bitshares.
Our BitShares (BTS) Price Prediction
The currency's growth and fall go hand in hand in the crypto world, and BTS dynamics deviate from its ever-so-consistent price.
According to our projections, the price of BTS will surpass $0.15 by the end of December 2021. However, the chances are high that the price will remain at $0.06.
In contrast, the price will be more than 20 cents. The cryptocurrency has a reasonable probability of doubling in price by 2023, and BTS is estimated to be $0.36. Furthermore, we are pretty optimistic that BTS will trade between $1.5 and $3 in 2025.
The most obvious answer to this question is 'maybe', considering the extreme volatility of the market. As a result, we expect all our readers and followers to cross-check the information before acting on it.
Any investment without proper knowledge of the project and then about the market signals is risky. One should be familiar with the investment fundamentals before deciding to invest.
Conclusion
BitShares works similarly to Ethereum, which claims it isn't security yet considers itself one. Before investing, it should be investigated and compared to any other cryptocurrency or blockchain.
Investing in BTS might be beneficial, but it also carries risks. In the financial services industry, transparency is crucial, and BitShares went straight to compete with Wall Street. It'll be interesting to see how the Bitshares team will work on the project and make it successful as they promised.
BitShares posed a threat to banks by producing market pegs and stable digital assets, i.e., smart coins. Traditional assets denominated in US dollars are tracked by cryptosystem-based investments, performed by merging data from a wide variety of BitShares community-supported sources.
The BTS rate progressively increased over the first four years of its existence, eventually increasing tenfold over the original price. The coin was then delisted from the Bittrex trading site. However, it was later restored and is currently being traded.
The BTS coin, on the other hand, quickly recovered and reached $0.06 during mid-2021. As per BitShares (BTS) price prediction, its price is estimated at least $0.093 by the end of 2021, according to price predictions. However, because the market is unpredictably volatile, nothing remains constant indefinitely.