Chia (XCH) Live Price
Market capitalization of a coin is calculated by multiplying the current price in USD or EUR of a single unit of coin by the current circulating supply of that coin available for sale or purchase on public exchanges.
Ex: If the price of BTC is currently $20,000 and there are 50,000 BTC available on public exchanges, then the Market Cap of BTC is $1,000,000,000.
Volume of a coin is the total spot trading volume reported by all exchanges over the past 24 hours multiplied by the value of an individual unit of that coin.
Circulating supply is the approximate number of units of a coin that are currently circulating in the market in the hands of the general public.
Release date is when the first tokens of this cryptocurrency were created and made available for mining or whatever other creation mechanism was specified in this token’s blockchain protocol.
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XCH price Statistics
Chia Price Today
Price Change
The percent change in price for this asset compared to 24 hours ago
Trading Volume
Popularity is based on the relative market cap of assets.
Chia Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
Chia Market Cap
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Fully Diluted
Market Cap
Chia Price Yesterday
Chia Price History
The highest price paid for this asset since it was launched or listed.
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XCH to USD converter
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Real-Time Chia Price Chart (XCH to USD)
Chia Exchanges
Exchange | Price | Pair | Spread | 24 Volume | Last Traded |
---|---|---|---|---|---|
HTX | $12.42 | XCH/USDT | $0.0142 | $5,015,439 | Recently |
Gate.io | $12.4 | XCH/USDT | $0.001 | $425,602 | Recently |
KuCoin | $12.45 | XCH/USDT | $0.033 | $257,271 | Recently |
Chia Historical Price Data (USD)
Date | ||||
---|---|---|---|---|
11/4/2024 | $12.822883 | $0 | $13.067294 | $12.292433 |
11/3/2024 | $13.011066 | $12.822883 | $13.060833 | $12.504716 |
11/2/2024 | $13.365524 | $13.011066 | $13.822861 | $12.986689 |
11/1/2024 | $12.642077 | $13.365524 | $13.537787 | $12.312772 |
10/31/2024 | $13.620405 | $12.642077 | $13.620405 | $12.585864 |
10/30/2024 | $14.121765 | $13.620405 | $14.121765 | $13.614412 |
10/29/2024 | $13.613411 | $14.121765 | $14.307849 | $13.613411 |
Data provided by Coingecko API
XCH Price Live Data
The live price of XCH is $ 12.41 per (XCH/USD) today with a current market cap of 171.6M USD. 24-hour trading volume is $ 11,724,860 USD. XCH to USD price is updated in real-time. Chia is -4.58% in the last 24 hours. It has a circulating supply of $ 13,838,259 XCH.
Chia Coin Price Chart determines the exchange rates between major fiat currencies and cryptocurrencies – including BTC, ETH and XRP to USD, EUR, GBP. Conversion rates are based on Live XCH Price Index and the price indices of other digital assets.
This content and any information contained therein is being provided to you for informational purposes only, does not constitute a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice.
What Is Chia Network (XCH)
Chia is a layer one smart-transaction platform that runs an open source and decentralized network of computers to process payment. It aims to provide an energy-efficient and greener alternative to other decentralized transactions
The network uses a unique Proof of Space and Time (PoST) consensus mechanism to confirm transactions. Unlike Bitcoin and Ethereum, it uses little energy without compromising system security.
The network also has a native programming language known as Chialisp. This language combines the best qualities of other Blockchain languages to help developers build smart contracts. Chia's native coin, XCH, can be used to make payments worldwide.
Unlike other Blockchain foundations, Chia Network is a profit-making organization. So, the company aims to list itself on an American stock exchange like Nasdaq or NYSE. It may offer XCH as dividends and stock repurchases to shareholders.
How Does The Chia Network Works
Chia Network uses a Proof of Space and Time mechanism to promote a sustainable and greener environment. Thus, creating an alternative to electricity-intensive consensus mechanisms like Bitcoin and Ethereum. This combination of Space and Time consumes far less energy while being as secure as pioneer Blockchain projects.
Users can't mine tokens on Chia Blockchain. Instead, the network rewards validators through Farming. How?
Proof of Space And Time (PoST)
Proof of Space utilizes unused spaces on hard drive disk drives. Each node stores a collection of cryptographic numbers in plots (a unit of Chia storage) in their local storage space. Then, farmers compete to solve these cryptographic numbers to create blocks. Then, each space provider and farmer gets a reward for block creation.
Unlike the PoW, the Chia network uses local hard drive spaces of connectors for block production. By combining PoS with Proof of Time, Chia Network oversees block creation in a consistent time frame. Thus, the network becomes;
Chia’s Chief Operating Officer, Gene Hoffman, said, “It was totally designed from the ground up to be as or more secure than proof of work and far more decentralized while using 1000 to 10,000 times less power per unit of security.”
Chialisp
Chialisp is a custom-made programming language on the Chia Blockchain powered by Chialisp Virtual Machine. This programming language combines the best features of Solidity and Bitcoin Core to help build high-performance smart contracts. It also uses Bitcoin's UXTO mechanism to monitor transactions and prevent double-spending.
XCH Price And Tokenomics
Chia never had an Initial Coin Offering (ICO) like many other cryptocurrencies. Instead, its executives pre-farmed 21 million XCH at its mainnet launch, which they kept under the Chia Network's Strategic Reserve. This reserve is created to facilitate the long-term management and development of the network.
Thus, investors, who couldn't buy tokens, got them through the Strategic Reserve. The reserve aims to share its token in the following
Chia USD Price
Chia had an all-time high of in 15.05.2021 on May 6, 2021.
Its price today is $35.15/ XCH, according to our exchange rate page. The coin had a 24-hour trading volume of $4,622,17 and a supply of $ 13,838,259 XCH in circulation. Chia hit the highest and lowest point of $ 1,645.12 and $ 12.18 in the last 24 hours.
How Many Chia (XCH) Coins Are There In Circulation
Chia has a market cap of $178 Million and ranks 182nd amongst other cryptocurrencies. Its total supply is $ 32,213,011 XCH, but only $ 13,838,259 tokens are currently in circulation.
Users can 'mint' new Chia tokens in a process called farming. They create blocks and get farming rewards for securing the network. According to XCH emission plans, 64 Chia tokens have been released every 10 minutes since launch, which will be cut by half every three years.
The network also rewards block creation with 2XCH per block. The reward will be cut by half every three years.
Who Are The Founders Of Chia Network?
Bram Cohen, the well-known inventor of BitTorrent, founded the Chia Network in 2017. At inception, cryptocurrency-focused venture capitalists backed the project. They include a16z Crypto, Galaxy Digital, Stillmark, Grelock, and MetaStable, amongst others. The participation of leading venture capitalists also got the network $61 Million in May 2021.
Bram Cohen currently serves as Chia's CEO. Gene Hoffman, a former CEO of NASDAQ, is Chia's Chief Operating Officer (COO). While Michael Edwards as its Chief Financial Officer.
How Do They Secure Chia Network
Known as Chia Network Inc, the organization forgoes the crypto-native model of being a non-profit DAO. Instead, it operates as a profit-making and public company owned by shareholders.
Hence, the company plans to enlist itself in the US Equity Initial Public Offering, compliant with SEC. The listing will make the XCH less volatile compared to other cryptocurrencies. Plus, the company's share price in stock exchanges and XCH price on digital exchanges will be on par.
However, this model cedes total power to the company's executive. XCH token ownership doesn't determine your say on the network's governance and development, which abuses the fundamental essence of decentralization.
What Are The Long Term Prospects Of Chia
Chia had an all-time high closer to $2,000 but now trades below $40, losing more than 100% of its value. This price action points out that its rapid decline may not be all about the general crypto dip. So, what could have caused the drop?
First, the network isn't governed by its community but by Chia executives. The company also aims to run as a corporate structure and list itself on American stock exchanges, which may bring distrust among crypto investors who would oppose too much centralization in a decentralized system.
However, that doesn't spell an end for Chia. The network's fundamental idea and project are very sound. Possibly, a change of governance and communication of its use cases could have a positive impact on XCH long term.
Plus, Chia has a Chialisp programming language and Blockchain platform housing decentralized applications. It recently created a decentralized exchange platform that denominates stablecoins in other currencies.
In February 2022, the network also presented an updated whitepaper that listed Chia's vision for the future. They include new feature sets on Chia Blockchain
With Chia providing more and more utilities, especially among companies, it would be childish to dismiss the project's long-term success.
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FAQ
Actual price of Chia to US Dollar now is $ 12.41
Chia ticker is XCH
You can buy Chia on any exchange or via p2p transfer. And the best way to trade Chia is through a 3commas bot.
You should not expect to get rich with Chia or any other new technology. It is always important to be on your guard when something sounds too good to be true or goes against basic economic principles.
You should not expect to get rich with Chia or any other new technology. It is always important to be on your guard when something sounds too good to be true or goes against basic economic principles.
Chia (XCH) hit another all-time high over $ 1,645.12 in 15.05.2021.
Chia Market Cap is at a current level of 171.6M, down from 179.81M yesterday. This is a change of -4.78% from yesterday.
Latest 24-hour trading of Chia (XCH) is $ 11,724,860.
The current circulating supply of Chia is $ 13,838,259 with the maximum amount of $ 0.
Chia current Market rank is #302. Popularity is currently based on relative market cap.
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