Bitconnect Coin (BCC) Hits New All-Time High at $115, as Bitcoin Price Surges

​​​Throughout last week, during the strong rally of bitcoin, Bitconnect Coin (BCC) gained upward momentum, surpassing the $100 mark for the first time in history and establishing a new all-time high at $115.
According to cryptocurrency market data providers including Coinmarketcap, the trading volume of BCC peaked at $10 million, reaching a market cap of $742 million and a price of $115.

Over the past two weeks, the price of bitcoin continued to reach new highs primarily due to the imminence of the activation of the Bitcoin Core development team’s scaling solution Segregated Witness (SegWit), increasing adoption from institutional investors and rising tension between the US and North Korea, as investors seeked for safe haven assets to protect their wealth from economic uncertainty.

Naturally, as the value of bitcoin increased, BCC followed its upward trend. A rising number of bitcoin traders and users started to demonstrate growing demand towards BCC.

In the upcoming weeks, as adoption from institutional investors continues and large-scale financial institutions including the Chicago Board Options Exchange (CBOE) pursue their plans of integrating bitcoin, the value of bitcoin and BCC will likely rise at a consistent rate.

CBOE, the largest US options exchange with an annual trading volume of 1.27 billion contracts, is set to integrate bitcoin within 2017. CBOE CEO Ed Tilley wrote:

“We very much look forward to responding to the growing interest in cryptocurrencies through the creation of bitcoin futures traded on a regulated derivatives exchange, with the many expected benefits that this brings, including transparency, price discovery, deep liquidity and centralized clearing.”

As liquidity for bitcoin trading and opportunities for major investors rise within the bitcoin sector, leading cryptocurrencies like BCC that offer services related to the main bitcoin blockchain will highly likely see mid-term success.

Already, BCC has evolved into the 12th largest cryptocurrency in the market, surpassing Monero, EOS, Zcash and Waves in market cap. For years, Monero had remained within the top 10 largest cryptocurrencies list and this week, as BCC recorded a historic rise in value, Bitconnect overtook some of the largest cryptocurrencies in existence.

In addition to the rapidly growing value of BCC, it is important to acknowledge the depth of the BCC market. Bitconnect has a substantially high daily trading volume of $9.2 million, which is significantly higher than that of Waves, Lisk, Augur and Golem, prominent cryptocurrencies that have been around for a long period of time.

Headlines on North Korea’s threats to launch a missile strike on Guam, the nearby U.S. territory in the Pacific, are keeping traders on edge. This typically leads to outflows from traditional higher-yielding assets like stocks and commodities onto alternative holdings like bitcoin and Bitconnect Coin that still offer high returns but are less susceptible to political issues.

On the short-term time frame, it can be seen that Bitconnect Coin continues to trend higher and may be forming an ascending channel. Price is currently testing the resistance and could be due for a brief pullback to support. Bitconnect Coin is up 2.24% against bitcoin and could be in for more.

Zooming out to a longer-term chart shows that price is slowly edging higher, trying to make a convincing break past the strong resistance at 0.025. Higher lows can be seen, reflecting stronger bullish pressure.

Price is hovering right on the resistance as seen on a bigger perspective but volume has yet to tick higher to sustain a potential upside break. For now, traders appear to be waiting for the next big catalyst on bitcoin or in the global markets before taking this cryptocurrency pair in a particular direction.

Bitconnect Coin reached the Top 20 of altcoins recently. It is an open source, peer-to-peer, community driven decentralized cryptocurrency that allow people to store and invest their wealth in a non-government controlled currency, and even earn a substantial interest on investment.

This means anyone holding BitConnect Coin in their wallet will receive interest on their balance in return for helping maintain security of the network. This altcoin has a market cap of $287,599,260 with a circulating supply of 6,699,432 BCC and an available 28,000,000 BCC. Its 24-hour volume is $2,197,900.
Author: Sara Jenn

Bitconnect Coin reached the Top 20 of altcoins recently. It is an open source, peer-to-peer, community driven decentralized cryptocurrency that allow people to store and invest their wealth in a non-government controlled currency, and even earn a substantial interest on investment.

This means anyone holding BitConnect Coin in their wallet will receive interest on their balance in return for helping maintain security of the network. This altcoin has a market cap of $287,599,260 with a circulating supply of 6,699,432 BCC and an available 28,000,000 BCC. Its 24-hour volume is $2,197,900.

On the short-term time frame, it can be seen that Bitconnect Coin crashed below a major support zone around 0.0230 then hit the 0.0215 area. This seems to be holding as near-term support for the time being but bearish momentum seems very much in play after the pullback was completed.

Zooming in to the longer-term time frame shows that price is testing another support level close to 0.021. If this continues t keep losses in check, Bitconnect Coin could make a pullback to the area of interest or even establish a stronger rally. On the other hand, a move below the 0.020–0.021 area could be indicative of steeper losses in the cards.

Cryptocurrency traders are all eyes and ears on bitcoin this week as it inches close to the shift to SegWit2x. It seems to have avoided the hard fork completely but it’s still hard to say how long this sentiment might last, especially given how the tide turned after the BIP 91 lock-in the other week.

Bitcoin Cash is still putting up a fight and support from the network could keep incompatibility concerns in play. A number of prominent exchanges already said that they won’t support Bitcoin Cash but it’s hard to dismiss any possibilities at this point.

The price of BitConnect, better known to traders as BCC, has surged from around $0.5 to $9 within six months since its initial coin offering (ICO) in November of 2016. Following the momentum of bitcoin, BCC has maintained its upward trend and is projected to continue its growth trend throughout 2017.

Similar to bitcoin and other leading cryptocurrencies such as Ethereum Classic, BCC has a fixed monetary supply of 28 million. Theoretically, BCC is a deflationary currency and because of the limited supply, the price of BCC is expected to rise as long as the demand is met and sustained. Since the supply of BCC remains fixed but the demand is increasing on regular basis, the price of BCC is expected to increase drastically in the long run.

Currently, around 6 million Bitconnect Coins are in existence and investors include avid cryptocurrency investors in Asian countries. According to the Bitconnect team, the Bitconnect community is spreading rapidly throughout various Asian countries and in the long-term, the Bitconnect team hopes to introduce BCC worldwide.

With a market cap of $49.7 million, BCC is one of the leading cryptocurrencies competing with other innovative altcoins such as Lisk, Ardor and Iconomi. In fact, the current market cap of BCC is larger than that of Economy, which very recently raised over $10.5 million in its first ICO.

BCC’s consistency and rapid increase in price has triggered the interests of many investors in the cryptocurrency community over the past few months. Thus, the majority of traders and investors have begun to ask when the optimal period is to invest into Bitconnect Coin.

Based on BCC’s six-month trend, it seems as if May and June would be the best time possible to invest in bitcoin for two important reasons : explosive growth of the cryptocurrency market and the short-term downward trend in BCC.

Although BCC has enjoyed a massive half-year growth since January, the price of BCC fell from April 1 to early May. However, the price of BCC already began to bounce back and it is in progress of rebounding to its previous all-time high of $15.

BitConnect Coin (BCC) enters the Top 20 Altcoin charts

​BitConnect Coin (BCC) reached a new record high value and market capitalization. Just in a matter of few months, the cryptocurrency has had a record growth, undermining numerous peers in business.

BitConnect Coin (BCC) reached a new record high value and market capitalization. Just in a matter of few months, the cryptocurrency has had a record growth, undermining numerous peers in business. The feat, as per the company happened due to state of the art development in the new range of utility apps and the upbeat market itself. BCC this week has set a new record for value per coin & market capitalization and entered the Top 20 alternative coins list.

BitConnect Coin (BCC) is an open source, peer-to-peer, community driven, decentralized cryptocurrency that facilitates storage of value, investment and even a substantial interest on the balance stored in the wallets. Conceptualized in fourth quarter of 2016 and hitting the market in January 2017 itself, BCC has already gained a significant global following (50,000+ Till Date).

BitConnect Coin is thoughtfully crafted to offer financial freedom to the masses by reducing the dependency on centralized financial institutions. In addition, the cryptocurrency is also more secure than conventional financial instruments, eliminating the chances of identity theft and other issues that currently plague fiat based electronic payments infrastructure.

As per the leading cryptocurrency market website CoinMarketCap, BCC’s total market capitalization has crossed the US $10 million mark, making BitConnect Coin the fastest growing altcoin. The increase in the market cap saw matching growth in the value of BCC, which surpassed the $2 mark this week. BitCoin, the dominant player the industry, on the contrary, took more than two years to reach the level.

BitConnect Coin relies on a Scrypt (PoW/PoS) consensus algorithm with a finite number of tokens. The total number of BCCs in circulation is limited to 28 million. The finite (& restricted) number of tokens ensures value appreciation due to rise in demand with fixed supply. Moreover, it also facilitates faster transaction execution without compromising on safety, allowing people to make instant transactions between each other or to pay for purchases.

What accentuates the rapid growth is the promising future plans BCC has. Some of the prominent developments awaited in the BCC ecosystem are the BCC mining and staking pool, minting rewards, mobile app & paper based wallets and the Smart Card. While this bouquet of these unprecedented services (upon successful implementation) offers unmatched value to the consumer, the mining and staking pool attracts special attention due to the earnings on deposit feature they prospect.

BitConnect Bitcoin Community Reaches First Anniversary in Style

Last year at this time, a dream took the first steps to becoming reality. In a digital world full of Bitcoin websites, but short on an integrated community, bitconnect.co was born, and the world of Bitcoin has never been the same. February marks the one year anniversary of this crypto unicorn, and it is time to regale in its achievements and look towards its future in Year Two.

In less than one year, BitConnect’s online community has gained over 50,000 around the world, added a news department, engaged with online leaders like Kim Dotcom, successfully launched its own digital currency, added a Bitcoin wallet, an innovative Bitcoin lending system, and surged from zero traffic to a top 80k Alexa ranking. Plenty of hard work and good times were had along the way.

“BitConnect mission is to provide crypto education and provide multiple investment opportunities to empower people financially,” says BitConnect Head of Development, Satao Nakamoto. “We have placed most crypto features that you can see on other websites, so BitConnect has just been preparing itself for the long run in crypto-world. “After one of the most productive initial years for any Bitcoin-related business in history, it is time to start building for the future. So what can BitConnect do for an encore? Nakamoto has a lengthy to-do list, but it always starts with the BitConnect members.

“There are many features and functions to come in 2017,” adds Nakamoto. “BitConnect’s mission is to become the leading crypto-community in the world when it comes to functionality and user base by the year 2020. We have already started one structure opportunity with BitConnect where each country’s top member will have a special crypto-website built in their local language.”

The official BitConnect mobile Android and IOS app launches this month, which should also increase demand and price. Later in 2017, the BitConnect Coin will see more innovations and convenience features added. This includes the BCC Mining and Staking Pool Launch, providing a way for the community to earn, a BitConnect Coin reward with mining & minting, plus a new mobile wallet app & paper wallet. The BitConnect coin will also gain its own “Smart Card” in 2017, bringing all of the everyday usability you demand in a digital currency.

BitConnect has become simply the world’s fastest growing online Bitcoin community. For more information on BitConnect, visit https:/bitconnectcoin.co/

BitConnect Coin Breaks All-Time Records in Value and Market Cap

​BitConnect Coin (BCC) has only been in the global markets for a few months, but it has made quite an impression, around the globe. Going from just an altcoin concept in Q4 of 2016, BCC has set new benchmarks in market price and market cap after an incredible week of trading.

According to digital currency industry rating authority CoinMarketCap, BitConnect Coin reached the Top 20 in market capitalization value for the first time on Saturday, passing $10 million USD in overall value. Each BCC also reached $2.00 USD in value. To put this in perspective, it took BCC less than four months to reach $2 in value, per coin. It took Bitcoin more than two years to do the same. These milestones are just the beginning, BCC execs are eager to say.

“BitConnect mission is to provide crypto -education and multiple investment opportunities to empower people financially,” says BitConnect Head of Development, Satao Nakamoto. “There are many features and functions to come in 2017. BitConnect’s mission is to become the leading crypto-community in the world when it comes to functionality and user base by the year 2020.”

The official BitConnect mobile Android and IOS app are launching in Beta, which should also increase demand and price. Later in 2017, the BitConnect Coin will see more innovations and convenience features added. This includes the BCC Mining and Staking Pool Launch, providing a way for the community to earn, a BitConnect Coin reward with mining & minting, plus a new mobile wallet app & paper wallet. The BitConnect coin will also gain its own “Smart Card” in 2017, bringing all of the everyday usability you demand in a digital currency.

In less than one year, BitConnect’s online community has gained over 50,000 members around the world, added a news department, engaged with online leaders like Kim Dotcom, successfully launched its own digital currency, added a proprietary Bitcoin wallet, launched an innovative global Bitcoin lending program, and surged from zero traffic to a top 100k Alexa ranking.

BitConnect has become simply the world’s fastest growing online Bitcoin community. For more information on BitConnect, visit https:/bitconnect.co/