BitConnect (BCC) Achieves Market Cap of $28.80 Million

BitConnect (CURRENCY:BCC) traded up 5.1% against the dollar during the 24 hour period ending at 12:00 PM Eastern on February 13th. One BitConnect coin can now be purchased for $3.12 or 0.00036438 BTC on popular cryptocurrency exchanges including Livecoin, Trade Satoshi, HitBTC and BCC Exchange. BitConnect has a total market cap of $28.80 million and $125,366.00 worth of BitConnect was traded on exchanges in the last day. During the last week, BitConnect has traded down 34.5% against the dollar.

Here is how similar cryptocurrencies have performed during the last day:

  • Litecoin (LTC) traded down 0.5% against the dollar and now trades at $157.18 or 0.01834680 BTC.
  • Verge (XVG) traded 3.7% lower against the dollar and now trades at $0.0531 or 0.00000619 BTC.
  • Dogecoin (DOGE) traded up 3.3% against the dollar and now trades at $0.0055 or 0.00000064 BTC.
  • Bytom (BTM) traded down 3.2% against the dollar and now trades at $0.35 or 0.00004135 BTC.
  • Syscoin (SYS) traded up 2.1% against the dollar and now trades at $0.55 or 0.00006396 BTC.
  • Polymath (POLY) traded down 8% against the dollar and now trades at $0.76 or 0.00008838 BTC.
  • GameCredits (GAME) traded down 3% against the dollar and now trades at $2.32 or 0.00027220 BTC.
  • BridgeCoin (BCO) traded down 3.4% against the dollar and now trades at $3.28 or 0.00038400 BTC.
  • Einsteinium (EMC2) traded 1.6% higher against the dollar and now trades at $0.40 or 0.00004693 BTC.
  • CyberMiles (CMT) traded 3.2% lower against the dollar and now trades at $0.18 or 0.00002076 BTC.

BitConnect Coin Profile

BitConnect is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. It was first traded on December 24th, 2016. BitConnect’s total supply is 9,951,475 coins and its circulating supply is 9,224,643 coins. BitConnect’s official website is bitconnectcoin.co. BitConnect’s official Twitter account is @bitconnect and its Facebook page is accessible here.

According to CryptoCompare, “Bitfinex introduced trading on Chain Split Tokens (CST). The first such product of its kind, CSTs will allow Bitfinex customers to speculate on future fork events of the Bitcoin blockchain, specifically, the potential fork between Bitcoin Core and Bitcoin Unlimited. They have designated these CSTs as BCC (Bitcoin Core) and BCU (Bitcoin Unlimited). CSTs will trade as BTC and USD pairs, initially without margin and they will reevaluate that decision if there is sufficient liquidity. Users will be able to create CSTs by “splitting” a bitcoin through the Token Manager (located in the Order Type drop down menu of the sidebar order ticket). Once split, the BTC will be removed from their account for each BCC and BCU added. Through the same Token Manager, users will be able to reverse this process at anytime, trading in equal numbers of BCC and BCU to extract BTC. If no fork occurs by December 31, 2017, then BCU will expire worthless and BTC will be given in exchange for each BCC holder. If, however, there is a fork, specifically Bitcoin Unlimited, then, as soon as they list Bitcoin Unlimited, they will exchange BCU tokens for Bitcoin Unlimited tokens as well as retiring BCC tokens in favor of Bitcoin Core tokens. More detailed information can be found in the Chains Split Token Terms and Conditions. They are planning a few additional enhancements including a realtime display of total CSTs as well as segregated cold storage for the bitcoins that have been split, which we will periodically settle to and from their hot wallet. “

BitConnect Coin Trading

BitConnect can be purchased on these cryptocurrency exchanges: Livecoin, HitBTC, BCC Exchange, CoinExchange and Trade Satoshi. It is not possible to purchase BitConnect directly using US dollars. Investors seeking to acquire BitConnect must first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase BitConnect using one of the exchanges listed above.

Receive News & Updates for BitConnect Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for BitConnect and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.

Leave a Reply