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Crazy Pump: Bitcoin 2 Price Skyrockets 700 Percent
Bitcoin might have had a huge 100 percent rally in 2019, but it has been completely dwarfed by its new fork, Bitcoin 2. The price of BTC2 spiked by more than 770 percent, which allowed it to enter the CoinMarketCap top 100.
BITCOIN 2 - The most awaited sequel of the year ? pic.twitter.com/kRqG2np24W
— Cezary Graf (@CryptoPoland) June 6, 2019
Bitcoin sequel is here!
The fork, which has been under the radar since its very inception, allegedly deals with all major pain points of Bitcoin.
Bitcoin 2 is a fully anonymous cryptocurrency that utilized the ZeroCoin protocol (for comparison, Bitcoin is pseudo-anonymous, which allows tracking all transactions). BTC2 also offers higher lower fees and 40x faster transactions.
To top it off, you can also run your own masternode for nearly instant transaction confirmation. You are required to have 1,000 BTC2 ($1,960 at the time of writing) as collateral.
Pump-and-dump
The whole thing almost definitely seems like a coordinated pump-and-dump scheme that was designed to scam those who came late to the party. 80 percent of its volume came from Estonia-based Crex24, which has a rather questionable reputation.
At 14:44 UTC, BTC2 reached its current ATH of $4.06, thus allowing its market cap to surpass $70 mln. As of now, the coin’s price is at $1.96.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
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