Bitshares has been up as much as 30+% today on some MASSIVE Volume. I have been a big proponent of graphene based blockchains because the ability to scale and how quickly they can move transactions and confirmations. Currently bitsahres is trading over $0.063 and one of the biggest movers on coinmarketcap.
Does anyone know the reason for this spike? Was their news...or are people just getting smarter? :)
Granted the level is 20% from where it was a few hours ago, you now have a MASSIVE level to hold long against.
If you have any ideas for this move, leave it in the comments.
UPDATE: It appears this may be the reason...
This is why:
BEOS = BitShares + EOS
The official channel for the BitShares/EOS cross chain.
https://t.me/officialbeos
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I like the concept of Bitshares but the execution of their DEX is still a bit primitive. The last time I went to sell Bitshares in fact I sent them off the Bitshares.org exchange to Polo in order to cash out because the liquidity is much better.
They have too many junk assets listed as well and it can get very confusing for new users to get a grasp of their exchange.
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I think it could be 2 things 1 of them being someone's trying to pump the coin because it is a great project and someone could try the pump and dump scheme on the good coin and still make profit or 2 it being that someone doesn't want to miss out on these early prices getting ready for the next bull run it is also the number 4 coin/project being used in China behind EOS, tron, eth.
https://berminal.com/news/202122/Chinas-CCID-Research-Institute-Releases-Its-Latest-Cryptocurrency-Rankings
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Bitshares indeed had a price jump https://www.coingecko.com/en/coins/bitshares
May be due to new listing on Upbit too https://upbit.com/
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