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Bitcoin Diamond (BCD) Up 184 Percent. Binance Opens Deposits and Withdrawals - Bitcoin Diamond News, Price Analysis. Wednesday, September 5

05 september 2018, 11:32 by Vergil Younge

Bitcoin Diamond News

Bitcoin Diamond Up 184 Percent

Binance has just recently announced that they open deposits and withdrawals for Bitcoin Diamond (BCD)

BCD token is the best performing on the market currently, as it got up by +184% in last 24 hours, jumping from $1.34 to $3.51. The coin has been very stable for the past week. It didn't even move away for more than a cent from the $1.33 price mark, where it had found a stable ground. The trading volume was quite positive, as the coin didn't seem to be simply "dead". The traders were moving daily coins worth almost $1,000,000.

Is BCD Price Increase a Pump?

With any sudden increase without any significant news or announcement being made, one has to consider some price manipulation actions. The question is, is Binance News enough to boost the price of the coin that much?

Few days ago, we've witness a miraculous increase of AurumCoin, which quickly fell down. You can read a full article on AurumCoin Sudden Price Increase here. With AU, the trading volumes were rather low and such pump could even be conducted by a single person. In this case, the 24h trading volumes are in the zones of $20,000,000.

The price has already corrected a bit, falling down from $3.51 to $3.10. However, it increased again and is currently trading for $3.28.

Another price spike has happened few weeks ago, when BCD announced the launch of BCD Bazaar, which as the description in the announcement says is "The world's first online e-commerce store that exclusively accepts cryptocurrency. The world's most sophisticated e-commerce solution partners with the world's most accessible and usable cryptocurrency". During the launch time, BCD increased in price by almost 40%. Now, they announced on Twitter, that BitcoinDiamond "has negotiated partnerships with eight distributors, who will be adding over 20,000 products to BCD Bazaar in the coming weeks."

BCD/USD Price Chart, Wednesday September 5th:

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