Every minute in the world of cryptocurrency is unpredictable as well as interesting. Every day new projects show up and try to make a mark in this field, some succeed and some fail. In this case, 'Bitcoiin', not to be mistaken by 'Bitcoin', has made fascinating developments in the past 24 hours.
Reason behind this huge rise :
It is very common for altcoins and unknown projects to make these type of huge developments in their market value through the help of market makers. Same goes with Bitcoiin, which was unheard till now and had recently entered the market, has currently reached in the cryptocurrency market cap top 75.
The fascinating rise of value :
Over the past 24 hours, the value of Bitcoiin price has risen over 280 % in both USD and Bitcoin Value. For a currency only listed on Exrates, DigiFinex, and other minor exchanges, this rise is fascinating. It is evident that this rise is going to remain for a short period of time. More specifically this is alike the ongoing case of Vexanium and Fore Lotto.
The view of experts on this rise :
While the team confirms there are major partnerships being formed and mobile wallets to be released, it remains to be seen if they can effectively deliver on that promise at any given time. Making empty promises is pretty easy, especially in the cryptocurrency world.
The near future of Bitcoiin (B2G) :
Looking at a broader picture , the rise of Bitcoiin is surely not natural and it will very soon encounter major corrections in the very near future.There is a great chance of value of Bitcoiin crashing in the coming days as a result it will move out from the list of top 100 market cap very quickly.
Posted from my blog with SteemPress : https://cryptx.eu.com/bitcoiin-b2g-price-reaches-the-sky/
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