Over the last week Bitcoin Diamond [BCD], the pace of growth surpassed all cryptocurrencies.
Coin grew more than 102% over the past 7 days and more than 68% in the last 24 hours. Such a leap in price, however, has not received any clear explanation from the cryptocurrency community.
Bitcoin Diamond [BCD] is a fork of bitcoin, whose creators aim to achieve higher transaction rates than in the original network. Recently the coin was added on HitBTC, one of the leading cryptocurrency platforms, and shortly before that, the developers have released a small update.
However, price failed to consolidate at a record level – a sharp rise followed by equally sharp decline. Over the past 7 days the price of the coin fluctuated between $1,90 and $10,53.
The exact cause of such fluctuations in prices are not yet clear. Part of the community believes that this is listed on HitBTC. However, most believe that the reason has to do with Binance.
According to CoinMarketCap, a coin was trading at $17 on Binance, while the average price was only $ 4. On Huobi, the price of it was also overpriced – around $ 9.
Most commentators on Reddit agree that this is another PAMP:
Is that 6th fork of bitcoin? The sudden growth of 80% and the same sudden drop? They even have the text on the site is written in clumsy English. Why would anyone want to use it as a currency? Another pump….
According to CoinMarketCap, the price of Bitcoin Diamond [BCD] at the time of publication of the article is approximately 3 U.S. dollars.