CHINESE INVESTMENT FUELS BLACKCOIN PRICE EXPLOSION
On a day when the price of Bitcoin and many altcoins fell, the Blackcoin price has exploded due to increased trading volume on the Chinese exchange BTC38. CCN examines this altcoin price update to help traders make informed investing decisions.
Just last week, CCN profiled Blackcoin’s the moderate price rise which pulled the altcoin out of a significant price downtrend.
On September 11 – when CCN last examined the Blackcoin price – the coin was valued at 9,736 satoshis, a 14% rise over the previous day. The Blackcoin price continued to increase over the next two days, peaking at 13,227 satoshis before cooling off to 11,083 on September 14.
At 10:00 pm EST on September 14, Blackcoin was trading at an average of 10,911 satoshis. By 11:15, the coin had increased 9% to 11,986. The price remained fairly consistent until 4:30 am on September 15. At that point, the Blackcoin price began to explode.
This post was published at Crypto Coins News on 16/09/2014.