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Creditbit Trading Volume Remains Strong Despite Small Value Dip

by on May 29, 2017

Creditbit is still one of the most appealing tokens in existence today. It is impossible to deny the success the development team has in recent months. Migrating to Ethereum and unlocking all of this blockchain technology prospects has been a smart decision. The value of CRB is not seeing much love, although it does appear accumulation is still in full effect.

Creditbit Is Still Going Strong Despite Accumulation

Creditbit’s price has lost a fair bit of momentum on the charts over the past week. That is anything but surprising, considering the entire cryptocurrency market cap has taken big hits. The sudden decline in value of Bitcoin has left a lot of investors puzzled. People are moving funds back into Bitcoin to avoid alternative currency volatility.

That being said, things are not looking all that bad for CRB by any means. The trading volume is still well above US$225,000. The CRB value compared to Bitcoin and the US Dollar has dropped a bit, though. Right now, one CRB is valued at US$0. 68, which is quite a bit lower than people would like. In Bitcoin terms, one CRB is worth 0.00030773 BTC. Both values are still more than acceptable, though.

On the exchanges front, the volume remains strong in China. DABTC is generating over half of the 24-hour volume with the CRB/CNY trading market. Livecoin is in second place with close to US$100,000 worth of volume. It is evident some bigger exchanges need to start listing Creditbit soon. The unwillingness to do so does not bode well for these platforms, as they are missing out on quite a high amount of trading fees.

For the time being, there is no need to be concerned about the CRB value whatsoever. Everyone would like to see CRB hit US$1 and higher once again like it did a few weeks ago. To do that, the community needs to come together and force companies such as Bittrex to enable CRB trading. Otherwise, these smaller exchanges will be the only ones supporting Creditbit, which will diminish its chance of success.

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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