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Bytecoin (BCN) Features Among The Top Crypto Gainers This Week
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Bytecoin (BCN) Features Among The Top Crypto Gainers This Week

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Bytecoin
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When it comes to cryptocurrency, privacy and anonymity play a vital role in investment. With crypto traders vying after some of the most hyped-up currencies like Monero, the dark web’s favorite currency, security features go a long way in influencing the decisions of the investors.

Bytecoin(BCN), the First Crypto Based on CryptoNote

Introduced back in July 2012, Bytecoin has cemented its place among the promising altcoins for its high-end security policies. With thousands of traders showing interest in this project, it’s not hard to determine why there are so many Bytecoin forks today. What set it apart from its other peers are its highly nuanced security policies: Bytecoin (BCN) is not only regulated by CryptoNote algorithm, it is also the first coin to adopt this technology.

Given the fact that BCN is regulated by the crypto-world’s finest algorithm, it’s not hard to imagine why some of the most vied-after currencies are actually a Bytecoin fork. The king of the dark web Monero, which is widely recognized for its anonymity, is also a fork of Bytecoin. Surprisingly enough, Dash is also a fork of Bytecoin. The CryptoNote algorithm, which has been developed to offer the security of all crypto transactions, is not only acknowledged for its security features but also for its resistance towards ASIC. Much to traders convenience, Bytecoin can be mined by anyone and from anywhere just with the help of a regular computer.

Bytecoin’s Value Peaks the Chart

If you are keeping a track of Bytecoin’s response to the market, you won’t be surprised to find out that its price is on the rise. Needless to mention, 2018 has been outstanding for smaller coins like Bytecoin so far. In fact, Bytecoin witnessed the biggest price surge this year. As of April 16, 2018, Bytecoin, which is trading at $0.004053, boasts a steady 17.48% gain. The total market capitalization of Bytecoin stands at $745,119,860 USD at the time of writing. Going by the price movements, between March 18 and April 16, the value of BCN moved between $0.0024 and $0.0040. With the market ranging between $ 437.81 MM and $ 737.94 MM, the maximum and minimum value standing at $369.13MM and $831.74MM, its moving average is tantamount to 738.27 MM. As per the records, the trading volume is estimated between $ 325.05 K and $ 8.90 MM, with the 7day moving average of $ 8.53 MM.

The Reason Behind the Surge

The Bytecoin developing team released a number of exciting updates in December 2018, and ever since it is creating a big hype in the crypto community. In December 2017, Bytecoin launched its new features, following the release of the Android wallet app in November. In addition to this, Bytecoin is also supported by a highly ambitious marketing strategy, as it disclosed its plans for expansion to Asian, Middle-eastern and African continents. With bigger privacy oriented crypto projects scuffling for investor’s acceptance, Bytecoin (BCN) experiences a kind of a revival in the crypto market.

Bytecoin (BCN) which gave birth to Monero (XMR), a rising altcoin known for its anonymity, is making a comeback in the market. This can be a direct outcome of the controversies generated by Monero (XMR), especially due to the frequent mining scandals. With a steady rise in the price, BCN is definitely regarded among the most promising currencies of 2018, despite its unpopularity among the masses.

After a long period of speculation, it is finally seeing a positive response on the social media. With many dismissing it as a scam currency, it was alienated from the mainstream crypto market. However, with the year beginning with one of the worst price slumps in the history of cryptocurrency, altcoins like BCN is seeing a lot of talks in the crypto space.

As of now, the biggest threat to the price surge is the extensive circulation of the coins. With BCN getting mined every day, the supply of the token comes across as a menacing issue. Trading at a lower price, this crypto asset can face a lot of problems when it comes to expansion.

Final Thoughts

In the past couple of months, Bytecoin has raised many eyebrows, attracting many developers to the project. Equipped with a number of significant features, in addition to the accessibility of an improved and user-friendly wallet, BCN is now listed on a number of internationally renowned exchanges; all trading is focused on HitBTC though.

With the first quarter of 2018 coming to a close, the future of BCN appears bright. Even after being bogged down by severe controversies, from regulatory challenges to bans; scandals to restrictions in many Asian markets; Bytecoin (BCN) has moved past all obstacles to find its way on the top gainer list. With an active crypto community in oriental countries, like Korea, China, and Japan, Bytecoin is definitely something to watch out for.

We will be updating our subscribers as soon as we know more. For the latest on BCN, sign up for our free newsletter!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of lokarta via Flickr

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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Ripple
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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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Bitcoin, Litecoin, Ethereum, and Ripple On the Rise

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Bitcoin
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The recent development in the cryptocurrency industry is a rise in price for many of the core digital coins. We believe that the unexpected price hike is due to the renewed interest of the key players in the industry. Many investors, speculators, and traders are rushing into the number one cryptocurrency; Bitcoin like never before. Other altcoins such as Ethereum, Ripple, and Litecoin are not dormant either. The effect of the influx is the soaring prices of the digital coins within seven days.

The price of the crypto leading giant-Bitcoin has increased at 25.74 percent in one week. Ethereum also gained 18.76 percent increase in its price. Litecoin and Ripple also recorded some percentage increase in the tune of 53.20 percent and 16.12 percent respectively. It is no just these few popular coins that have gained in one week. From what we have gathered, 94 digital coins amongst the leading 100 cryptocurrencies are also experiencing the rise in price. This information is according to what TradingView published in April 2019.

According to them also, other cryptocurrencies gained in value while others declined. From their calculations, six digital currencies advanced while ninety-four was on the decline. Also, another information shows that the increase in Bitcoin price has reduced the value of other assets such as bonds and stocks.

The possible reason for the rally

Many people are wondering…

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