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

News
Tue, 09/04/2018 - 17:31
Alex Dovbnya
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
Cover image via U.Today

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.   

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) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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