253 views 0 comments

BitConnect Price Suffers From Less Volatility Than Other Currencies

by on September 25, 2017

These past few days were not kind to BitConnect whatsoever. In fact, the currency has seen some of its more volatile action over the past few days. With prices ranging anywhere from $107.4 to $122.6, it is evident day traders made some nice profits. Right now, BCC is valued at $113.35, which seems to be the new stable level for the time being. Do keep in mind most markets will still continue to suffer from volatility for quite some time to come.

It is evident BitConnect is a pretty interesting cryptocurrency these days. With its value remaining somewhat stable between $110 and $115, things can get very interesting moving forward. Although BCC is not close to its all-time high, most of the extreme dips are behind us now by the look of things. That doesn’t mean things will not get volatile from here on out, though. All cryptocurrency markets are still going through some volatile periods right now.

BitConnect is Still Going Strong

BCC is proven to be slightly different in this regard, for the time being. Although the past week has seen the BitConnect price change in value by as much as $14, there has been plenty of opportunity for people to make a nice profit. Whether or not that is effectively what has happened, remains to be seen. The trading volume certainly hasn’t changed all that much over the past few days, which is pretty interesting.

More specifically, the trading volume for BitConnect is still $8.1m right now. That is in line with what we have seen over the past few weeks. It was a very small increase compared to last week, but nothing major, that much is certain. Most of this volume still comes from the BCC Exchange, which is not entirely surprising. It has been the largest trading platform for BCC for as long as most people can remember. That situation will not change anytime soon, considering how no other platform comes even close in trading volume.

It will be interesting to see how things evolve when it comes to BitConnect. It is a very interesting currency to keep an eye on,  that much is certain. Anyone who has BCC in their portfolio will be pleased with the way things are going right now. Rest assured people will continue to talk about BitConnect for quite some time to come. Not everyone sees merit in this particular currency, but it is certainly here to stay. For the time being, it is unclear how the price will evolve in the coming weeks.

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.
Enjoyed this article?

If you liked this article, sign up for the newsletter on the main page, and make sure to follow Fintechist on Twitter! and Facebook

Be the first to comment!
Leave a reply »


Leave a Response