Bitconnect for the first in history exceeding the $100 mark and established a new all high at $115. During the strong rally of Bitcoin of all over last week, Bitconnect Coin (BCC) gained upraise inclination.
According to Coinmarketcap, BCC trading volume has reached $10 million with a market cap of $742 million and a price of more than $100.
From the first week of August, Bitcoin price is reaching all time high- which is due to Bitcoin fork and the segregated Witness (SegWit) scaling solution by Bitcoin Core development team. With this, there is a high strain between US and North Korea. Further Investors are seeking for safe haven asset to protect wealth from economy ambiguity.
Accordingly, BCC has followed the upward trends of Bitcoin price which urges several users and trader determine rising demand for BCC.
Since the institutional investors are incessantly approving the Bitcoin, it is to be true that BCC and Bitcoin value will continue to rise in coming days. Besides this, large scale financial institutions including CBOE (Chicago Board Options Exchange) also support rising value and adoption of Bitcoin. This can be another strong reason behind increasing value of BCC for days to come.
CBOE CEO Ed Tilley wrote: “CBOE is all set to confirm Bitcoin within 2017”
CBOE is the largest US options exchange which possesses contract counting the annual trading volume of 1.27.
BCC Note: “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.”
There can be no uncertainty of BCC success since it follows the trending value of Bitcoin. We subsequently offer comprehensive services related to key Bitcoin Blockchain. The rising volume of Bitcoin surges the number of investors in Bitcoin sector.
Historic rise in the value of Bitconnect
Additionally, Bitconnect has beaten some of the present largest cryptocurrencies in the market.
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. These were prominent cryptocurrencies that have been around for a long period of time.
It is to consider that, daily trading volume of Bitconnect is high as $9.2 million. This trading volume is quite high than other cryptocurrencies like Waves, Augur, Golem, and Lisk. These were top on the list since a long period of time and now Bitconnect is leading one.
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