Bitconnect Coin (BCC) Hits New All-Time High at $115, as Bitcoin Price Surges

Shorter thoughts and general discussion of cryptocurrency related topics
Forum rules
The Cryptocurrency Discussion forum is complementary to Bitcoin Thoughts and is a a place to discuss shorter thoughts about bitcoins, altcoins, and cryptocurrencies.

Topics may include bitcoin prices, outlooks on altcoins, cryptocurrency development, economics, and more. Feel free to share outlooks on other things as long as the major focus is on cryptocurrencies. Announcement posts are prohibited in this forum; review the rules in the other Prohashing forums for the best place to post your announcement.

For the full list of PROHASHING forums rules, please visit https://prohashing.com/help/prohashing- ... rms-forums.
Post Reply
Jared
Posts: 3
Joined: Sat Aug 12, 2017 3:17 am

Bitconnect Coin (BCC) Hits New All-Time High at $115, as Bitcoin Price Surges

Post by Jared » Fri Aug 18, 2017 3:07 am

Bitconnect Coin (BCC) Hits New All-Time High at $115, as Bitcoin Price Surges

Image

​​​Throughout last week, during the strong rally of bitcoin, Bitconnect Coin (BCC) gained upward momentum, surpassing the $100 mark for the first time in history and establishing a new all-time high at $115.

Image

According to cryptocurrency market data providers including Coinmarketcap, the trading volume of BCC peaked at $10 million, reaching a market cap of $742 million and a price of $115.

Over the past two weeks, the price of bitcoin continued to reach new highs primarily due to the imminence of the activation of the Bitcoin Core development team’s scaling solution Segregated Witness (SegWit), increasing adoption from institutional investors and rising tension between the US and North Korea, as investors seeked for safe haven assets to protect their wealth from economic uncertainty.

Naturally, as the value of bitcoin increased, BCC followed its upward trend. A rising number of bitcoin traders and users started to demonstrate growing demand towards BCC.

In the upcoming weeks, as adoption from institutional investors continues and large-scale financial institutions including the Chicago Board Options Exchange (CBOE) pursue their plans of integrating bitcoin, the value of bitcoin and BCC will likely rise at a consistent rate.

CBOE, the largest US options exchange with an annual trading volume of 1.27 billion contracts, is set to integrate bitcoin within 2017. CBOE CEO Ed Tilley wrote:
We very much look forward to responding to the growing interest in cryptocurrencies through the creation of bitcoin futures traded on a regulated derivatives exchange, with the many expected benefits that this brings, including transparency, price discovery, deep liquidity and centralized clearing.
As liquidity for bitcoin trading and opportunities for major investors rise within the bitcoin sector, leading cryptocurrencies like BCC that offer services related to the main bitcoin blockchain will highly likely see mid-term success.

Already, BCC has evolved into the 12th largest cryptocurrency in the market, surpassing Monero, EOS, Zcash and Waves in market cap. For years, Monero had remained within the top 10 largest cryptocurrencies list and this week, as BCC recorded a historic rise in value, Bitconnect overtook some of the largest cryptocurrencies in existence.

In addition to the rapidly growing value of BCC, it is important to acknowledge the depth of the BCC market. Bitconnect has a substantially high daily trading volume of $9.2 million, which is significantly higher than that of Waves, Lisk, Augur and Golem, prominent cryptocurrencies that have been around for a long period of time.
User avatar
Steve Sokolowski
Posts: 4585
Joined: Wed Aug 27, 2014 3:27 pm
Location: State College, PA

Re: Bitconnect Coin (BCC) Hits New All-Time High at $115, as Bitcoin Price Surges

Post by Steve Sokolowski » Sat Aug 19, 2017 9:32 am

This is interesting, as 20% of the coins mined on the network are being sold by us at Novaexchange. I'm always surprised at the number of buy orders that come flooding in after every sell.
Kosmoderma
Posts: 1
Joined: Tue Nov 10, 2020 1:07 am
Location: chennai

Re: Bitconnect Coin (BCC) Hits New All-Time High at $115, as Bitcoin Price Surges

Post by Kosmoderma » Tue Nov 10, 2020 1:17 am

Best Dermatologist : Kosmoderma Clinics are dedicated to medical excellence in the field of Cosmetic Dermatology with international accreditation and facilities
https://www.kosmoderma.com/skin-treatme ... bangalore/
Post Reply