Chia Trading Up 8.9% This Week (XCH)

Chia (XCH) traded 3.4% higher against the dollar during the 24-hour period ending at 11:00 AM ET on January 17th. One Chia coin can currently be purchased for approximately $23.80 or 0.00022910 BTC on popular cryptocurrency exchanges. In the last week, Chia has traded 8.9% higher against the dollar. Chia has a market capitalization of $326.96 million and $9.78 million worth of Chia was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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.
• 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 5.3% higher against the dollar and now trades at $103,274.98 or 0.99423472 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 4.8% higher against the dollar and now trades at $101,821.96 or 0.98024646 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Chia

Chia was first traded on March 10th, 2021. Chia’s total supply is 32,332,509 coins and its circulating supply is 13,738,919 coins. Chia’s official Twitter account is @chia_project and its Facebook page is accessible here. Chia’s official website is www.chia.net. The Reddit community for Chia is https://reddit.com/r/chia and the currency’s Github account can be viewed here. The official message board for Chia is www.chia.net/blog.

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 U.S. dollars. Investors seeking to trade Chia should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. 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