Bitcoin Clone Surges 800% in One Day
A smartly-named Bitcoin clone has shocked the cryptocurrency market with an almost 800% increase in the last 24 hours
A smartly-named Bitcoin clone, Bitcoin 2, has caused an uproar in the financial market this morning. It shocked the entire cryptocurrency marketplace with an almost 800% increase in its value in the last 24 hours alone.
Bitcoin 2 was launched earlier last year and was perceived as a shady fork of the Bitcoin, but it has proved all of its critics wrong this morning by quickly rising through the ranks and making it to the list of the top 100 cryptocurrencies.
Although it has shown impressive growth, BTC2 is still operating at mere US$35,000 daily trading volume, while the trading volume of the original Bitcoin sits at more than US$18.5 billion daily. So, investing in Bitcoin 2 might still not be a great idea.
“A bored whale is most likely pushing the BTC2 price up to later dump their holdings on all the investors who felt some FOMO and purchased it. Don’t be one of those people,” said market watcher Steven Buchko.
If you still want to invest, Bitcoin 2 is available on only 2 exchanges; Escodex and Crex24. Neither of these exchanges currently handle more than $30,000 in daily trading volume.