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BCC Remains a Stable Currency Despite Frequent Small Price Swings

by on October 4, 2017

Similar to most other cryptocurrencies right now, BitConnect is going through a rather volatile period. With the BCC price fluctuating quite a bit, there is some good money to be made by speculators. Whether or not it is worth the effort, remains to be seen. After all, the differences are only a few dollars at most. It is not necessarily worth exploring these small profits right now, even though it is difficult to resist.

BCC is not necessarily a currency worth speculating on right now. While the currency has a high value, the price fluctuations are rather minimal. More specifically, the past 24 hours have seen a price difference of $4, which is anything but spectacular. Right now, one BCC is still valued at $134.84, which is a pretty high value, all things considered.

BCC Is Still in a Good Place

It is always interesting to keep an eye on BitConnect in this regard. The current has proven to be pretty stable more often than not. Barring some pretty violent price dips, the $138 mark seems to be the stable point for the time being. That doesn’t mean BCC won’t gain in value in the future, but no major changes are expected right away. A lot of people will be looking to buy the dip, assuming one will effectively occur, though.

Although BCC appears to be in a small downtrend right now, there’s no reason for concern. Every cryptocurrency will see its ups and downs at some point. Right now, that seems to effect BitConnect, although other currencies have seen similar results.As we head toward the weekend, markets tend to become slightly more volatile. For BCC, those differences are almost negligible right now, though.

Even though the trading volume is down slightly, things still look good for BitConnect. With the BCC Exchange still representing 92.26% of all trades, things will get pretty interesting moving forward. It does appear a lot of people aren’t actively trading in any cryptocurrency market right now, though. No one knows for sure what the future brings for BCC, but things still look pretty good for now.

JP Buntinx is a 30-year old FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he is working to achieve the same level of respect in the FinTech sector.
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