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Creditbit Trading Volume Grows to Nearly US$2m

by on June 15, 2017

Things are looking quite impressive for Creditbit these past 24 hours. The trading volume has reached nearly US$2m, and the market cap is inching closer toward US$15m. Although all cryptocurrencies are falling in price right now, CRB seems to be holding steady for now. Do keep in mind all markets are volatile right now, and things can change at any given moment.

Creditbit Is Bucking The Trend

Looking over the cryptocurrency market caps right now will give a lot of people a stomach ache. Everything is turning red right now, mainly thanks to Bitcoin still dropping in value as we speak. It seems this trend will not relent anytime soon, which means diversifying into different altcoins and tokens is the best course of action right now. Holding Bitcoin is perhaps the worst decision one can make at this time.

The demand for CRB is definitely on the rise, to say the least. With the trading volume reaching over US$1.86m in the past 24 hours, things are looking quite good. The Creditbit market cap has reached US$14.6m, which is nothing short of amazing as well. It is evident a lot of things are finally falling into place for Creditbit and its native token.

The largest trading markets are still Bittrex and Livecoin. It is quite intriguing to see Livecoin take such a big lead over DABTC right now, considering both platforms have been close to one another for the longest time. Right now, there is a near US$300,000 gap between the two, though. Bittrex is the clear market leader with nearly US$1.2m worth of trading volume in the past 24 hours alone.Interestingly enough, the Chinese exchanges project CRB at US$1.62 and higher right now, despite the price being at US$1.23.

All of this goes to show the world has been waiting for a token such as Creditbit. It has taken a lot of time until a proper exchange decided to list CRB on their platform. Now that Creditbit is gaining traction on Bittrex, it is certainly possible Poloniex may look into adding this particular market as well. Especially now that Bitcoin is still going down, diversification of assets remains key.

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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