Tag: dump

DigixDAO Surges Amid Sea of Red

After a general upwards trend from Bitcoin following its February 6 low of US$6,000, today marks the first major downtrend from the cryptocurrency. After nearing $12,000, the coin has dropped significantly, and is currently trading close to $10,700. As is usually the case, the significant drop has caused widespread losses among a majority of altcoins. Of the 1,516 cryptocurrencies listed on Coinmarketcap.com, only 28 have seen USD gains of 1% or …
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Ponzi Scheme BitConnect Plummets 90%

For naive investors who invested in BitConnect (BCC), today featured an exponentially bigger loss than the general cryptocurrency downtrend. After discontinuing its “lending” program, BCC instantly plummeted over 90% from the day’s high, dropping from over US$330 to a low of just under US$20. While most of the community had warned about the blatant scam represented by BitConnect’s lending program, the Ponzi still rose to a market cap of almost US$3 …
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Market Tumbles as Bitcoin Price Approaches US$11,000

For some investors, these past 24 hours have represented a state of panic, as cryptocurrency markets are experiencing a major drawback after an explosive December and first half of January. With Bitcoin down over 20%, only one coin on the top 100 outside of Tether (USDT) has maintained its dollar value in the wake of the current Bitcoin dump. Neblio (NEBL) is the only currency in the top 100 on …
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Why Is Experience Points Valued at $400 Million?

Anyone who took a look at Experience Points (XP) over the summer is undoubtedly wondering how the project grew from a tiny US$350,000 market cap to over 1,000 times that. XP is currently trading at about 1/5 of a penny, and sits at rank #61 on CoinMarketCap.com. Experience Points, which first launched in 2016 and was relaunched this past summer, is reminiscent of coins launched in 2014 and 2015. Compared to those coins, the …
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