Creditcoin (CTC) Market Capitalization Reaches $1.38 Billion

Creditcoin (CURRENCY:CTC) traded 2.4% higher against the U.S. dollar during the 24 hour period ending at 18:00 PM Eastern on November 25th. Creditcoin has a total market capitalization of $1.38 billion and approximately $3.90 million worth of Creditcoin was traded on exchanges in the last 24 hours. One Creditcoin coin can now be bought for approximately $2.44 or 0.00004135 BTC on exchanges. During the last week, Creditcoin has traded up 1.3% against the U.S. dollar.

Here’s how other cryptocurrencies have performed during the last 24 hours:

  • Wrapped Bitcoin (WBTC) traded up 3.7% against the dollar and now trades at $58,599.08 or 0.99428199 BTC.
  • Cosmos (ATOM) traded 0.3% higher against the dollar and now trades at $29.77 or 0.00050509 BTC.
  • Function X (FX) traded 3.9% higher against the dollar and now trades at $0.99 or 0.00001685 BTC.
  • Phantasma (SOUL) traded 3.4% lower against the dollar and now trades at $2.84 or 0.00004823 BTC.
  • Venus (XVS) traded up 1.3% against the dollar and now trades at $24.20 or 0.00041056 BTC.
  • Tranchess (CHESS) traded 1.2% higher against the dollar and now trades at $2.60 or 0.00004412 BTC.
  • Galaxy Heroes Coin (GHC) traded up 5.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Reflexer Ungovernance Token (FLX) traded 31% higher against the dollar and now trades at $394.14 or 0.00668758 BTC.
  • Numbers Protocol (NUM) traded up 17.9% against the dollar and now trades at $2.00 or 0.00003398 BTC.
  • Darwinia Network (RING) traded 0.9% lower against the dollar and now trades at $0.0931 or 0.00000158 BTC.

Creditcoin Profile

Creditcoin is a PoW/PoS coin that uses the Scrypt hashing algorithm. It launched on January 14th, 2016. Creditcoin’s total supply is 667,469,387 coins and its circulating supply is 564,970,555 coins. The official message board for Creditcoin is medium.com/creditcoin-foundation. Creditcoin’s official Twitter account is @crecfoundation and its Facebook page is accessible here. Creditcoin’s official website is www.creditcoin.org.

According to CryptoCompare, “Creditcoin is a decentralized credit network that aims to make the bridge between investors and fundraisers. The platform will allow miners (investors) to earn the platform tokens by providing capital to clients, on the other hand, the clients will raise capital by paying Creditcoin to the miners. As the whitepaper reads: “An investment in the Creditcoin network will start by matching offers from investors and fundraisers. A fundraiser will post seeking an amount, interest rate, and collateral. Additionally, the fundraiser will add some amount of Creditcoin to the offer. If is there an investor with matching conditions, the fundraiser and the investor announce the deal to the Creditcoin network. The system verifies the deal's completion by confirming the exchange of collateral and investment. Once validated, the system sends the CreditCoin attached to the investment to the investor.” Furthermore, miners will be able to select credit history parameters to be protected against various risk models. “

Creditcoin Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Creditcoin directly using US dollars. Investors seeking to trade Creditcoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Creditcoin using one of the aforementioned exchanges.

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