427 views 0 comments

Daily CRB Trading Volume Surpasses US$325,000

by on June 5, 2017

The daily trading volume for Creditbit has picked up over the past few days. That is not surprising, as all tokens based on Ethereum technology are quite popular these days. Interestingly enough, this chance has not affected the CRB price in a positive way. The value per token is still US$0.684, which is the same as it has been for some time. A breakout might be looming on the horizon, though.

CRB Demand is Slowly Increasing

It is impossible to deny the demand for Creditbit is increasing over time. As of right now, there is over US$330,000 in 24-hour trading volume. That is quite a spectacular gain compared to the average of US$250,000 in volume these past few weeks. it is a positive sign for anyone holding Creditbit or looking to invest in CRB over the coming days.

The increased demand for CRB is originating from both DABTC and Livecoin. On DABTC, the CRB/CNY trading market generated over US$134,000 in trading volume. Livecoin’s CRB/BTC pair, on the other hand, bring sis US$113,384 in trading volume. This goes to show there is a clear demand for Creditbit on a global scale. Moreover, the price per CRB on Livecoin is US$0.05 higher compared to DABTC. In most cases, this would be the other way around

Once Creditbit gets listed on bigger exchanges, the trading volume will pick up further. For weeks now, Bittrex and other exchange delay adding CRB to their platform. This decision cannot easily be justified by any means, though. It is evident people want to trade Creditbit on an exchange. Listing it as part of a Bitcoin trading pair could generate a lot of volume and fees for Bittrex and consorts. Other currencies with a far less credible reputation get added on major exchanges without question, though.

Anyone who holds CRB as part of their portfolio needs to be patient. While other currencies see a major increase in value nearly every day, Creditbit is an exception in this regard. That is quite a positive development, though. Projects with feasible technology will appreciate in value when the time is right. For Creditbit, that process can take months or even years, but it will happen eventually. Patience is a virtue, especially in the world of cryptocurrency.

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