BitcoinDark Has Increased By 400% Within 24 Hours
The price of BitcoinDark (BTCD) that had been created in 2014 and had positioned itself as an improved alternative to bitcoin, increased by 400% during the day against the backdrop of an increased trading volume.
According to CoinMarketCap, as of 13:54 UTC the cryptocurrency’s weighted average rate was $76. While throughout August, the price of BTCD has not exceed $15.
A significant jump of BTCD (with the market capitalization of $100 million) began on September 3. Having been at around $20, the currency has reached $103 by the next day morning. The sharp increase has returned BTCD to the values of May 11.
At the time of publishing, daily trading volume of the altcoin exceeded $826 thousand. Note, on September 2, trading activity was about $ 35 thousand. Pair BTCD/BTC on Poloniex exchange accounted for 85% of trading volume, and BTCD/XMR — about 5%.
The reasons for such dynamics are still unknown. In 2018, the creators of BitcoinDark turned their attention to the development of Komodo (KMD).
After BTCD had been left without the support of the creators, the owners of the asset got an opportunity to exchange coins for KMD until mid-January 2018. However, at the moment there are still about 1.3 million BTCD in circulation.