Chia (XCH) Tops 1-Day Trading Volume of $6.72 Million

Chia (XCH) traded 5.9% lower against the US dollar during the 24 hour period ending at 19:00 PM E.T. on July 2nd. In the last seven days, Chia has traded down 9.5% against the US dollar. One Chia coin can currently be bought for about $21.83 or 0.00035192 BTC on exchanges. Chia has a total market cap of $232.21 million and approximately $6.72 million worth of Chia was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed in the last day:

• KILT Protocol (KILT) traded down 2.2% against the dollar and now trades at $0.21 or 0.00000334 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 0.7% against the dollar and now trades at $0.0119 or 0.00000019 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Chia

Chia’s launch date was March 10th, 2021. Chia’s total supply is 31,635,706 coins and its circulating supply is 10,635,890 coins. Chia’s official message board is www.chia.net/blog. The Reddit community for Chia is https://reddit.com/r/chia and the currency’s Github account can be viewed here. The official website for Chia is www.chia.net. Chia’s official Twitter account is @chia_project and its Facebook page is accessible here.

According to CryptoCompare, “Chia (XCH) is a cryptocurrency developed by Chia Network Inc. that uses a “proof of space and time” (PoST) consensus mechanism. The native token, XCH, is used to reward “farmers” who allocate unused disk space to secure the network. Chia aims to reduce the environmental impact of crypto farming and mining. XCH is used as a reward mechanism, for transaction fees, and as a digital medium of exchange. Chia was created by Chia Network Inc., co-founded in 2017 by Bram Cohen, the inventor of BitTorrent.”

Buying and Selling Chia

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

XCH/USD price chart by TradingView