It looks like all kinds of altcoins are doing quite well for themselves over at the Chinese BTC38 exchange. While Blackcoin remains bullish for the time being, other coins with a long history are seeing incredibly growth on the exchange today. The biggest growth can be noted on the WDC/CNY trading market, which is really good news for Worldcoin enthusiasts.
It has been a while since the glory days of Worldcoin, when WDC used to be worth a lot more compared to its current value. Then again, the same can be said for most altcoins which have been around for more than 6 months by now. Either way, it looks like China is really taking a liking to Worldcoin as of late.
Or at least that would explain the +27.3% change over the past 24 hours in the WDC/CNY market on BTC38. Especially considering how the Worldcoin price was going down day after day ever since November 16th, even when being traded on the CNY market.
Even though trading volumes are a lot lower compared to a lot of other coins trading on BTC38 in the CNY market, there are signs of a promising price reversal. With 333,187 WDC and 13,445 CNY in trading volume over the past 24 hours, this could be the beginning of a nice uptrend.
Just a few days ago, one WDC was trading for 0.032 CNY, which is the lowest point in several months. As of right now, that value has increased to 0.038 CNY. If this trend continues, we might see prices above 0.05 CNY once again, for the first time since November 19th.