1 Level
5 Review
1 Karma
Review on Bitcoin Diamond by Calvin Warriner
Today’s clear leader however is Bitcoin Diamond which has surged a whopping 60…
Today’s clear leader however is Bitcoin Diamond which has surged a whopping 60% in 24 hours. The spike happened a few hours ago propelling this Bitcoin offshoot to $4.70 from $2.27 in ten minutes. It has since pulled back to $3.55 which is a 64% jump from this time last weekend.
OKEx currently dominates BCD trade with 18% of the total volume, followed by Huobi and Binance. Trade volume for Bitcoin Diamond has not jumped in line with the pump indicating that prices could fall back to previous levels. BCD currently sits at 28th spot with a market cap of $538 million.
Total crypto market capitalization has climbed slightly by just under 2% to $283 billion on the day. Trade volume however continues to fall and is down to $11 billion from $14 billion this time yesterday.
Bitcoin Diamond has been sluggish in attracting credible adoption since its fork from Bitcoin. However, its current development progress and marketing is set to endear to crypto users in the developing world through the BCD Bazaar. With fast deliveries and low transaction costs, BCD is poised to break even.
With most of the audience in these countries unable to access affordable financial services, BCD Bazaar will give them an avenue to access these services not only to pay for goods and services but help them make payments for healthcare and insurance among other services.
Pros
- The weekend has been quiet in crypto land with no major gains or losses. Markets are up marginally creeping above $280 billion again but with little direction for future momentum. Bitcoin has moved back towards its resistance level of $7,400, pushing slightly above it with a 1.7% gain to $7,450. If buyers continue throughout the day there could be another rally up towards $8k. Ethereum has been sluggish over the past few days with minor gains keeping it just above $465. Altcoins are all in the green at the moment with Stellar leading the top ten pack regaining 7% on the day. XLM is currently trading at $0.295 according to CMC, it surpassed Litecoin to take sixth place in the charts last week. Since last Sunday Stellar has gained 27% from $0.214, against Bitcoin it is up 5.3% on the day to 3970 satoshis. With employers paying their workers using cryptocurrencies, the Bitcoin Diamond ecosystem offers a secure environment for free global trade. The coin is readily accessible and you do not have to wait for minutes before your transactions are confirmed. The transaction costs are at the lowest compared to Bitcoin and Ethereum making the natural choice for Elite Shopping Cart. The price of BCD is currently at the lowest which the Elite audience can readily afford. A lowly priced digital coin offers a better value propositions for those using digital coins for their daily transactions and payment for goods and services. Both Elite and Bitcoin Diamond users have every reason to smile about the partnership and this has reflected on the BCD price in the last 24 hours.
Cons
- Bitcoin Diamond Price Moons With the Bitcoin Diamond and Shopping Cart Elite partnership a done deal, the results have started reflecting on the BCD price with a spike of 30.44% against the dollar in less than 24-hours. At press time, BCD is trading at $1.45 and should the price hold; the coin will be among the best performing coins in the month of August which has recorded a huge market volume. By embracing the sophistication of Elite to offer a complete e-commerce solution to the crypto verse, automating their systems to include BCD as a way of making payments will increase the coin usability, visibility and dependability across the globe. Given that Bitcoin Diamond is fully decentralized, users can now access products through BCD Bazaar irrespective of their location the sophistication of SCE notwithstanding. While praising the partnership, Igor Soshkin, the SCE CEO and founder has said: ”Consumers who purchase products on the BCD Bazaar will have access to a range of brands including Amazon, Apple and Samsung to name a few. These products can be bought with cryptocurrency and delivered anywhere in the world. Cryptocurrency allows families and businesses to trade their digital assets (cryptocurrency) with physical assets.”
