BitcoinDark Price Skyrockets Out of Thin Air, Prompting Speculations About Massive Pump-and-Dump

  • Alex Dovbnya
    📰 News

    BitcoinDark (BTCD), a token behind an abandoned project that doesn’t even have its official website anymore, has recently witnessed a gargantuan spike in price


BitcoinDark Price Skyrockets Out of Thin Air, Prompting Speculations About Massive Pump-and-Dump

BitcoinDark (BTCD), a token behind an abandoned project that doesn’t even have its official website anymore, has recently witnessed a gargantuan spike in price, increasing its value by 300 percent in merely 24 hours. The coin peaked at $102.95.   

BitcoinDark

BTCD was marketed as a major Bitcoin rival back in 2014, but the team of its original developers doesn’t seem to have any intentions to bring it back.   

The majority of Twitter users think that this is just a textbook example of an ordinary pump-and-dump scheme– ‘pumpers’ are buying the coin in droves in order to lure in gullible investors.  

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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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