RATE Group | This cryptocurrency’s price just pumped 7,000%, but why?
68845
post-template-default,single,single-post,postid-68845,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

This cryptocurrency’s price just pumped 7,000%, but why?

16 Nov This cryptocurrency’s price just pumped 7,000%, but why?

Posted at 18:55h in Cryptocurrency News by

[ad_1]

While most of the cryptocurrency market is experiencing mild to moderate losses, one obscure cryptocurrency, known as Blockv (VEE) is defying expectations after pumping by more than 7,000% in the last day. The recent surge now makes Blockv the 33rd largest cryptocurrency by market capitalization, just behind Decred (DCR) and Zcash (ZEC).

According to the website, Blockv is a platform that is a platform that allows developers to create digital objects on the blockchain. However, despite launching almost two years ago, the platform failed to gain much momentum, while the VEE token has been on a near-constant decline throughout much of its existence.

Be the first to get Decrypt Members. A new type of account built on blockchain.

So, how did this pump come out of nowhere? Well, it currently appears that almost 100% of its minor $240,000 in daily trade volume can be attributed to a single South Korean exchange known as ChainX. The VEE/KRW trade pair on this exchange…

[ad_2]

Source link

Tags:
, , ,