Bismuth's worth depends on whether you are referring to the cryptocurrency Bismuth (BIS) or the chemical element bismuth (Bi). Each has a distinct market value based on different factors.
Understanding the Valuation of Bismuth
The term "bismuth" can refer to two distinct entities with different market valuations:
- Bismuth (BIS): A decentralized cryptocurrency.
- Bismuth (Bi): A brittle, crystalline, post-transition metal and chemical element.
Due to this ambiguity, the worth of bismuth is best understood by looking at both contexts.
Bismuth (BIS) Cryptocurrency Price
Bismuth (BIS) is a blockchain-based cryptocurrency known for its unique features, including a custom Proof-of-Work algorithm. Its value, like other cryptocurrencies, fluctuates based on market demand, trading volume, and overall cryptocurrency market trends.
Here is a snapshot of the Bismuth (BIS) cryptocurrency's value in US Dollars as of today at 9:04 am:
| Amount | Value in USD (Today at 9:04 am) |
|---|---|
| 1 BIS | $0.0153 |
| 5 BIS | $0.0765 |
| 10 BIS | $0.1529 |
| 50 BIS | $0.7647 |
These values are specific to that time and are subject to continuous change in the live cryptocurrency market. For the most current rates, cryptocurrency exchange platforms provide real-time updates.
Bismuth (Chemical Element) Market Value
The chemical element bismuth (Bi) is a silvery-white, brittle metal with a pinkish tinge, distinguished by its beautiful iridescent oxide layer when exposed to air. Its market value is determined by industrial demand, purity, supply, and global commodity market dynamics.
- Market Price: The price of elemental bismuth typically trades in the range of a few dollars per pound or kilogram, often quoted for high-purity ingots or shots. This value is significantly different from that of the cryptocurrency.
- Forms and Uses: Bismuth metal is used in various applications, including:
- Alloys: Low-melting point alloys for solders, fire sprinklers, and electrical fuses.
- Pharmaceuticals: Used in some medicines, such as Pepto-Bismol, for gastrointestinal relief.
- Cosmetics: As a pearlescent pigment in makeup.
- Scientific Research: In thermoelectric materials and superconductors.
- Artistic Crystals: Its unique crystallization properties make it popular for growing colorful, staircase-like crystals.
The price of bismuth metal is tracked on commodity markets and by specialty metal suppliers, reflecting its industrial importance rather than speculative trading.
