Daily Crypto Update: BCN Rises 72.59 percent in 24 hours!

Daily Crypto Update: BCN Rises 72.59 percent in 24 hours!

Bytecoin (BCN) has risen 72.59 percent in the last 24 hours. The cryptocurrency saw a low of 0.006695 USD yesterday, May 7, and is now being traded at 0.011809 USD.

What is BCN?

Bytecoin is a private, decentralized cryptocurrency with open source code that allows everyone to take part in the Bytecoin network development. Privacy and security come naturally from using Bytecoin. The best solution for those who want to keep their financial privacy.

Instant private transactions are provided all around the world by the Bytecoin Network, they are totally untraceable, and they don’t require any additional fees.

Fiat currencies are assigned to specific territories while Bytecoin is bound to the Internet and therefore is international by default.

Reasons for the Rise

While the volatility of the cryptocurrency market may be a major reason behind the sudden rise, we can also accredit the rise to the announcement that the cryptocurrency is now being listed on Binance.

BCN has been indulging in giveaways and other marketing stunts as well. That might be another reason for the rise.

Other Big Gainers

Holo (HOT) has risen up by 17.38 percent in the last 24 hours, while BnkToTheFuture (BFT) has seen a growth of 14.64 percent.

IOStoken (IOST) is another cryptocurrency to have risen considerably in the last 24 hours with an impressive growth of 13.80 percent.

IOTA (MIOTA) rose by 12.51 percent in the last 24 hours pushing TRX to the 10th position in terms of market cap while Zilliqa (ZIL) has risen by 10.91 percent in the same time.

Biggest Losers

While mentioning the biggest gainers, it is apt to also point out which cryptocurrencies have lost the most in the last 24 hours.

Bitcoin Private (BTCP) has lost 11.82 percent making it the biggest loser in the last 24 hours. It is followed by WaykiChain (WICC) which has lost 5.55 percent.

Followed by WICC is Ethereum Classic (ETC) which has lost 4.13 percent.

The last on our list of biggest crypto losers is DigixDAO (DGD) which has lost 4.13 percent.

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Syed Ali Mudassar
It was when he was pursuing his graduation in Computer Science that he found his flair for writing about new and existing technologies. He likes researching about technologies and how they could help people. Currently, he works as the Content Manager at CoinFrenzy, a leading blockchain news, and media publication website.