If you have been paying close attention to the exchanges out there, you will have noticed the BlackCoin price has been steadily going up for the past day or so. Many wonder about the reason behind that, so why don’t we find out?
Most of the rallying seems to be coming from China, as a lot of trading volume is being generated by BTC38 on the BC/CNY market. But why the Chinese market specifically? Well, there a couple of reasons why this could be happening.
First of all, the OKCoin/Huobi conferences are going on in China, and one the panelists is no other than Gritt, a BlackCoin Foundation Board Member who also handles all International Public Relations. Gritt is representing all altcoins during this panel, and he took his time to discuss BlackCoin’s place in the altcoin scene.
However, being on the panel is not the only good news, as there is also an official BlackCoin booth at this event. Having a physical presence at these types of events is the best way to get people interested in a cryptocurrency, and they will also provide you with valuable feedback.
Another reason for the BC price surge could be the official release of BitHalo. As you may know, BlackCoin is, next to Bitcoin, supported on the BitHalo platform. In case you have been living under a rock, and have no idea what BitHalo is, check out their website.
Another thing worth of note is the current staking network weight for BlackCoin. This number indicates how many people are keeping their BlackCoin in a wallet, which is actively running at this moment. A network weight of over 18 million is damn impressive if you ask me!
As of this writing, the BlackCoin price has seen a 25% increase over the past 24 hours, and is currently trading for around 13,000 Satoshi per BC. I am pleased to see investors returning to actually valuable and “older” altcoins like BlackCoin and DogeCoin.
Official announcement : (I’ll let the picture say a thousand words)