Bitcoin Dark (BTCD) sees a rise of over 400 % in 24 hours
Bitcoin Dark (BTCD) – a cryptocurrency that was created just a few years back in 2014 might compete with Bitcoin (BTC) soon as its price rises over 400 % on Tuesday.
In the early 2018, Bitcoin Dark faced a major setback – its team joined Komodo. However, unexpectedly, the coin strengthened its trading volumes as CoinMarketCap data shows.
The coin which is only available for trading on Poloniex and Trade By Trade rose upto $93.20 on Tuesday which was trading at around $ 19.81 a day earlier. A massive rise of over 400%, making the reach its highest price since May 11, 2018. At the time of writing, BTCD is trading at $73.20.
For now, we have no explanation for the sudden and impressive surge in the price of BTCD. However, there are predictions stating that that it is pump and dump, or some insider trading involved.
This is all the more expected because the original team behind Bitcoin Dark doesn’t manage the project any more. It has moved to Komodo and its development. Reportedly, the owners of BTCD swapped their tokens for Komodo (KMD) coins by mid-January 2018 but obviously, all BTCD were not swapped for KMD. There is still a circulating supply of almost 1.3 million BTCD coins, according to CoinMarketCap data.
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Image via Shutterstock, Coinmarketcap
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