Bitnet is a decentralized, open-source blockchain that utilizes the Proof of Work (PoW) consensus algorithm and the DarkGravityWave (DGW) difficulty adjustment mechanism. With a block time of approximately 3.5 minutes, Bitnet provides a fast and efficient transaction process.
What is the highest value Bitnet IO (BIT) has ever reached?
Bitnet IO (BIT) reached its peak price at 0.00681 $ on 03 December 2023, approximately 2 years ago ago. Presently, the current price is -99.9% lower than this all-time high.
What is the historical minimum price for Bitnet IO (BIT)?
The minimum price reached for Bitnet IO (BIT) was 0.05647 $, documented on 28 January 2025, more than a year ago. In comparison, the current price is 1.23%, it above this historical low.
What is the fully diluted valuation of Bitnet IO (BIT)?
The fully diluted valuation (FDV) of Bitnet IO (BIT) stands at $ 9,835.4. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 2,000,000,000 BIT tokens. The realization of this FDV might take several years depending on the emission schedule of BIT tokens.