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Bitcoin Diamond (BCD) The only Gainer Among the Top 100 Cryptos, Rises +105% In 24 Hours

Bitcoin Diamond, a “small” fork of Bitcoin (BTC) has achieved an incredible milestone by becoming the only currency in the top 100 of the global marketcap to produce a bullish streak in the last 24 hours (with the exception of stablecoins TUSD and USDT).

This situation would not be so surprising were it not for the fact that the profit percentage of the crypto exceeded 200% in a period of less than 24 hours before suffering a decline that led the currency to have an average increase of “just” a little more than 100%.

Such an increase in the price comes after the news that Binance, the most important exchange in the world by trading volume decided to open deposits and withdrawals of the token within its platform, enabling its trading right away.

It is also interesting to note that this situation has led many to think that it could actually be treated as an unethical form of trading like a Pump and Dump.

Interestingly enough, this controversial cryptocurrency had been characterized for being subject to market manipulation in prevous ocasions.

The Bitcoin Diamond team was thrilled at the news, a sentiment that they were able to demonstrate in social networks, especially in Twitter where they invited to follow Binance trading stats, and boasted about beating the global bearish trend:

It is important to note that because of security reasons in face of a possible Pump and Dump scheme, Coinmarketcap, one of the most important reference websites used for monitoring cryptocurrencies decided to pause the tracking of Bitcoin Diamond prices in Binance temporarily, however it is expected that the situation will not take long, and the token can be successfully traded and tracked.

Bitcoin Diamond: Actively Working on a Better Community

Although this Bitcoin fork has few followers, the development of this blockchain remains quite active. At the end of last month, the BCD development team announced the launch of BCD Bazaar, an e-commerce website aimed at promoting Bitcoin Diamond (BCD) with the ease of having thousands of products available for purchase through cryptocurrencies.

In spite of a possible artificial pump of prices, the feeling of the markets has not decreased until previous points, remaining stable in the band of 3$ per token with a steady volume and without technical indicators that prevent a near fall of the prices.

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Today’s Impressive Gainers: Stellar (XLM), Ox (ZRX), DASH and Bitcoin Diamond (BCD)

The crypto-markets usually exhibit some sort of fatigue during the weekends that is usually evident through low trade volumes. Ethereum World News had put forth the idea just yesterday that Bitcoin (BTC) might face an uphill task as it attempted to maintain the gains it had achieved during the past week through the weekend. But the King of Crypto has stood its own in the crypto markets and is currently trading at $7,438 at the moment of writing this. The new BTC resistance level is between the ranges of $7,500 and $7,600. Hopefully with the new week, we will see levels of BTC that are close to $8,000.

With the stability of Bitcoin and its dominance at 45.2%, the total market cap of the crypto markets has also remained stable and is currently at $282.15 Billion. Whenever BTC is stable or is in an upward trajectory, the rest of the market also shows some gains. Below are four cryptocurrencies that have increased by impressive percentages in the last 24 hours.

Today’s impressive gainers. Source, Coinmarketcap.com

Beginning with Stellar (XLM), the coin has been in the spotlight for quite sometime now. Coinbase recently announced that it was exploring adding the digital asset to its platform together with Ox (ZRX), Basic Attention Token (BAT), ZCash (ZEC) and Cardano (ADA). XLM is also benefiting from the news that IBM will be launching a stable-coin on the Stellar blockchain. The coin also received Sharia-compliance only last week. It is no wonder that XLM is currently trading at $0.29 and up 7.58% in the last 24 hours.

DASH on the other hand is also up 4.42% in the last 24 hours and currently trading at $254 at the moment of writing this. Unbeknownst to many, DASH is one of the best privacy coins out there.

Ox (ZRX) is still basking in the news of Coinbase exploring adding the digital asset to its platform. ZRX is currently trading at $1.17 and up 6.69% in the last 24 hours.

The most impressive coin amongst the four, is Bitcoin Diamond (BCD) that is up 55.41% in the last 24 hours and currently trading at $3.46. The reason for this impressive rise of BCD is yet to be determined but the coin has been prone to numerous spikes this past month.

In conclusion, it is safe to say that BTC is going to be stable into the new week. This then means that alt-coins might have impressive gains of their own in the next 7 days as can be seen with the four that we have just highlighted above.

Disclaimer: This article is not meant to give financial advice. It is an opinion piece. The opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available.

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