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Chia

Chia priceXCH

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Quote currency:
USD
XCH
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USD
1 XCH = 30.72 USD
Last updated 2024-04-25 14:31:52(UTC-0)

Chia price live data summary

The live price of Chia is $30.72 per (XCH / USD) today with a current market cap of $316.00M USD. The 24-hour trading volume is $6.76M USD. XCH to USD price is updated in real time. Chia is +0.07% in the last 24 hours. It has a circulating supply of 10,286,435 .

What is the highest price of XCH?

XCH has an all-time high (ATH) of $1,934.51, recorded on 2021-05-03.

What is the lowest price of XCH?

XCH has an all-time low (ATL) of $20.54, recorded on 2023-10-13.

Chia price prediction

Set your prediction

When is a good time to buy XCH? Should I buy or sell now?

When deciding whether to buy or sell XCH, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget XCH technical analysis can provide you with a reference for trading.
According to the XCH 4h technical analysis, the trading signal is Sell.
According to the XCH 1d technical analysis, the trading signal is Sell.
According to the XCH 1w technical analysis, the trading signal is Sell.
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Chia price performance in USD

24h7d30d90d1yAll-time
+0.07%+1.81%-28.25%-0.16%-26.46%--

Chia price history in USD

TimeLowHigh
24h$29.88$30.83
7d$29.09$32.21
30d$28.61$44.24
90d$28.61$59.98
1y$20.54$59.98
All-time$20.54(2023-10-13, 195 days ago )$1,934.51(2021-05-03, 2 years ago )

Chia market information

Market cap
$315,995,751.84
+0.07%
Fully diluted market cap
$961,108,542.47
+0.07%
Volume (24h)
$6,757,210.64
+15.74%
Market rankings
Circulation rate
+32.00%
24h volume / market cap
0.0213
Circulating supply
10,286,435 XCH
Total supply / Max supply
31,286,435 XCH
-- XCH

Chia ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

Chia Social Data

In the last 24 hours, the social media sentiment score for Chia was 3, and the social media sentiment towards Chia price trend was Bullish. The overall Chia social media score was 0, which ranks 381 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,318,607 times, with Chia being mentioned with a frequency ratio of 0%, ranking 388 among all cryptocurrencies.

In the last 24 hours, there were a total of 77 unique users discussing Chia, with a total of Chia mentions of 55. However, compared to the previous 24-hour period, the number of unique users decrease by 40%, and the total number of mentions has increase by 10%.

On Twitter, there were a total of 0 tweets mentioning Chia in the last 24 hours. Among them, 0% are bullish on Chia, 0% are bearish on Chia, and 100% are neutral on Chia.

On Reddit, there were 0 posts mentioning Chia in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning Chia. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
3
Social score(24h)
0(#381)
Social contributors(24h)
77
-40%
Social mentions(24h)
55(#388)
+10%
Social dominance(24h)
0%
Twitter
Tweets(24h)
0
0%
Twitter sentiment(24h)
Bullish
0%
Neutral
100%
Bearish
0%
Reddit
Reddit score(24h)
0
Reddit posts(24h)
0
0%
Reddit comments(24h)
0
0%

About Chia(XCH)

What is Chia Network?

Chia Network is a layer 1 blockchain that aims to revolutionize the crypto space by offering a more energy-efficient and secure alternative to the traditional proof-of-work (PoW) and proof-of-stake (PoS) consensus mechanisms prevalent in other cryptocurrencies. It was founded by Bram Cohen, the founder of BitTorrent.

Launched in May 2021, with farming rewards initiated in March of the same year, the Chia Network has garnered significant attention and investment from industry giants such as Andreessen Horowitz and Galaxy Digital. Its unique consensus mechanism, known as "proof of space and time (PoST)", utilizes unused storage space on hard drives for transaction validation, a process termed as "farming", thereby drastically reducing the energy consumption associated with cryptocurrency transactions.

Resources

Whitepapers: https://www.chia.net/wp-content/uploads/2022/07/Chia-Business-Whitepaper-2022-02-02-v2.0.pdf

Official website: https://www.chia.net/

How Does Chia Network Work?

At the heart of the Chia Network is its novel consensus mechanism, which comprises two integral components: proof of space and proof of time. In the proof of space protocol, individuals dedicate a portion of their computer's disk space to store a large file known as a "plot". This plot contains self-verifiable data that occupies a significant amount of space on the hard drive. Individuals who engage in this process are known as "Provers" or "Farmers", and they are tasked with producing proofs of storing tables when challenged by a verifier. This process is computationally easy and requires minimal electric power consumption, making it a greener alternative to the traditional PoW mechanism.

Complementing the proof of space is the proof of time protocol, managed by nodes called "Timelords". These nodes are responsible for maintaining a consistent time interval between blocks, approximately 10 minutes, using Verifiable Delay Functions (VDF). This combination of proof of space and time ensures the integrity and security of the blockchain, making it resistant to manipulation and fostering a more decentralized and secure network.

What is XCH Token?

XCH is the native currency of the Chia Network, serving as a medium for transactions and as a reward for users engaged in farming. As a relatively new entrant in the cryptocurrency market, XCH is available for purchase on several exchanges such as Bitget, primarily through trading pairs with USDT, BTC, or ETH. Users can also acquire XCH through farming, by dedicating storage space on their hard drives and participating in the network's consensus mechanism.

Chia Network’s Impact on Finance

The Chia Network stands as a testament to the potential for innovation and sustainability in the cryptocurrency sector. Its environmentally friendly infrastructure promises not only reduced energy consumption but also a more secure and decentralized network. By focusing on storage space rather than computational power for securing the network, Chia presents a viable solution to the escalating concerns regarding the environmental impact of cryptocurrencies.

Moreover, the Chia Network is poised to significantly influence the financial sector by facilitating cross-border payments, escrow services, and institutional custody through its blockchain platform. With the development of its own smart contract programming language, Chialisp, the network is gearing up to launch decentralized financial applications, potentially rivaling established platforms like Ethereum.

What Determines Chia Network’s Price?

In the dynamic world of cryptocurrencies, the Chia Network price today is influenced by a myriad of factors that potential investors keenly observe through XCH live price updates and detailed Chia Network price charts. One of the primary determinants of the Chia Network token price is its unique consensus mechanism, which utilizes a proof of space and time protocol. This sets it apart in the blockchain industry, influencing not only the Chia Network market cap but also playing a crucial role in XCH price analysis.

Experts scrutinize the network's sustainability and security features to make informed Chia Network price predictions. As enthusiasts keep a close eye on the latest Chia Network price, it's essential to note that the XCH current price is significantly influenced by market sentiments and trends. The XCH price trend often mirrors broader cryptocurrency market movements, with fluctuations seen in real-time XCH price updates.

Moreover, the Chia cryptocurrency price is also affected by developments within the network, including updates and partnerships, which can potentially sway the XCH crypto price either way. Investors and traders often rely on comprehensive Chia Network (XCH) price analysis each month to gauge the potential trajectory of the cryptocurrency.

Looking ahead, the Chia Network XCH price forecast seems to hinge on its ability to carve out a substantial niche in the crowded cryptocurrency space. Updates on the Chia XCH price often reflect the network's strides in becoming a greener alternative in the crypto world, which could potentially influence the XCH token value positively in the long run.

As the network expands its footprint globally, many are curious about the Chia Network price in different regions or countries, keeping a vigilant eye on the XCH USD price to make timely investment decisions. Moving forward, the Chia Network price prediction for the upcoming year will undoubtedly continue to be a hot topic of discussion, with investors keenly watching the Chia Network price history to anticipate future trends.

Conclusion

In conclusion, the Chia Network emerges as a revolutionary player in the cryptocurrency landscape, leveraging its distinctive proof of space and time consensus mechanism to foster a greener and more secure blockchain network. Launched in 2021 by the founder of BitTorrent, Bram Cohen, the network has swiftly caught the attention and investment from industry leaders, positioning itself as a viable alternative to traditional proof-of-work and proof-of-stake protocols. The native currency, XCH, acts not only as a medium of transaction but also as a reward for users contributing storage space in the farming process, paving the way for a more decentralized and sustainable cryptocurrency ecosystem. As the network continues to expand, with promising ventures in decentralized financial applications through its proprietary Chialisp language, investors and enthusiasts alike are keenly observing the fluctuations and trends in XCH's market value. Moving forward, the Chia Network holds the potential to significantly influence the cryptocurrency sector, with a sharp focus on environmental sustainability and innovation, promising a bright trajectory in the ever-evolving blockchain industry.

Trade XCH perpetual futures

After having successfully signed up on Bitget and purchased USDT or XCH tokens, you can start trading derivatives, including XCH futures and margin trading to increase your income.

The current price of XCH is $30.72, with a 24h price change of +0.07%. Traders can profit by either going long or short onXCH futures.

Join XCH copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or XCH tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of Chia.

What is the current price of Chia?

We update our Chia to USD price in real time. Get the live Price of Chia on Bitget.

What is the 24 hour trading volume of Chia?

Over the last 24 hours, the trading volume of Chia is $6.76M.

What is the all-time high of Chia?

The all-time high of Chia is $1,934.51. This all-time high is highest price for Chia since it was launched.

Can I buy Chia on Bitget?

Yes, Chia is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

Can I get a steady income from investing in Chia?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Chia with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

Is Chia a good investment?

Founded in August 2017, Chia aims to revolutionize blockchain and smart transaction platforms. They're sculpting the Chia Network to enhance global finance and payment structures. Chia boasts the distinction of being the inaugural enterprise-grade digital currency. Remarkably, it adopts the first new Nakamoto consensus algorithm since Bitcoin, known as Proof of Space and Time. This pioneering method was crafted by Bram Cohen, renowned as the eminent network protocol engineer and the brain behind BitTorrent. Furthermore, Chia introduced Chialisp, a novel, robust, and secure smart transaction programming language. Some highlighted smart transactions they offer include atomic swaps, authorized payees, recoverable and multisig wallets, along with rate-limited wallets. This approach and unique take on the industry sets this project up for a consistent longterm path of growth, making it an interesting investment option

What factors influence Chia price?

The factors influencing the price of the Chia token include: Consensus Algorithm: Chia's unique Nakamoto consensus algorithm, which eliminates the energy demands of Proof of Work, can impact its appeal and thereby its price. Cryptocurrencies with eco-friendly models might be more attractive to environmentally-conscious investors. Security and Decentralization: The blockchain's enhanced security and increased decentralization make it more robust against potential attacks, adding to its trustworthiness and potentially its price. Adoption Rate: Chia's efforts to drive adoption, through its unique approach and features, can influence demand and, by extension, the token's price. Inflation Rate: The predetermined decreasing inflation rate, especially the drop below the 0.50% mark 22 years after the mainnet launch, can affect the token's purchasing power and its attractiveness as a store of value.

What is Proof of Space and Time?

Proof of Space is a cryptographic method where participants demonstrate they've reserved unutilized hard drive space. For it to function as a consensus mechanism, it must be linked with Proof of Time. PoT guarantees consistent intervals between block times, enhancing the blockchain's security.

How does Proof of Space and Proof of Time work?

Proof of space is essentially a method to verify that a certain portion of your hard-disk drive is unused. On the Chia blockchain, users "seed" this unused space with software that fills it with a set of cryptographic values, termed "plots." These users are known as "farmers." Whenever the blockchain issues a challenge for an upcoming block, farmers assess their plots to find if they possess the hash closest to that challenge. A farmer's likelihood of securing a block equates to their storage space proportion in comparison to the whole network. Proof of time ensures there's a short lapse between block creations. It uses a Verifiable Delay Function which takes a specific time to process but is quick to confirm. The essence of a VDF is its reliance on sequential operations, making parallel computations irrelevant, hence reducing power consumption. The network would likely host a limited number of VDF servers, termed "Timelords." The quickest Timelord invariably finishes first, requiring only one efficient and equitable Timelord to finalize a block, propelling the chain onward.

Is Chia better then Bitcoin?

Chia introduces a groundbreaking Nakamoto consensus algorithm, eliminating the energy-intensive aspects of Proof of Work. Boasting superior security, Chia's blockchain is notably more decentralized than other cryptocurrencies like Bitcoin. The cutting-edge Chialisp, Chia's smart transaction language, delivers power, easy auditability, and top-tier security, fulfilling the cryptocurrency industry's aspirations for security, clarity, and user-friendliness. By leveraging advanced cryptographic techniques, Chia enriches its smart transaction features. Distinctively, Chia adopts a novel strategy for funding and nurturing a blockchain through a soon-to-be public, profit-driven, open-source development company with a pre-farm reserve. This Strategic Reserve aims to stabilize Chia's coin volatility, cushioning against drastic market movements and fostering Chia's broader acceptance.

Is Chia inflationary?

Following the Chia pre-farm, Chia provides farming incentives of 64 chia every decade. In the initial 12 years, these rewards will be reduced by half at the close of every third year. From the 13th year onward, the rewards stabilize at 4 chia every 10 minutes, resulting in progressively reduced inflation. Chia's inflation drops below the 0.50% mark 22 years post mainnet launch.
Cryptocurrency investments, including buying Chia online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Chia, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Chia purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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