Bitcoin Market Wrap Up: 2/8 – 2/15, Darkcoin Moves Up With InstantX
To wrap the Bitcoin market, and the cryptocurrency network, in general, into one word, I would use the word unexpected. We were seeing the small $1-$3 fluctuations in Bitcoin for the greater part of the week, then the price broke out into a bull run. No one without insider knowledge saw this coming and caught many people by surprise. While refreshing to see Bitcoin up 10% for the next three days, it was certainly unexpected. There was no corresponding “good news” that would cause traders to start buying Bitcoin, so the most reasonable explanation is market manipulation.
Related News
Darkcoin core developer Evan Duffield recently announced the launch of Darkcoin Core's new version, featuring the keenly-awaited InstantX feature. To those who still don't know about InstantX, it is an answer to Bitcoin's underprivileged transaction confirmation process. Against the latter's 10-15 minute confirmation time, Darkcoin's new InstantX feature has promised to take only 4-7 seconds for the same. You can read more about this feature here. In his blogpost, Duffield has claimed InstantX to have been returning over 98% positive results. This nearly makes it executable in its current....
If you have been watching the markets, you have realized that Darkcoin up to over $3, an increase of 50%. Increases like this usually do not happen in currencies with large market capitalizations without good reason. Before we get to that, Darkcoin is a privacy centric cryptocurrency, the first of its kind. Many traders still recall its astronomical rise to $15, or 5x what the current price is as of now. Through Masternode and Darksend, transactions are anonymized allowing people to send money truly discreetly. If you would like a more in-depth Darkcoin refresher, check out this article.....
In a bid to gain wider acceptance, the Darkcoin development team, headed by creator Evan Duffield, is presently considering a complete re-branding effort. Also read: ASIC Coming For X-Algorithms: Darkcoin Watch Out. The current leading idea per the forums is "Dash," with no "coin" in the name. The new name is supposed to be short for "digital cash," while at the same time the name is meant to play on the instant transaction feature implemented in the most recent stable version of Darkcoin. Duffield posted to the Darkcoin community forums yesterday afternoon: I am very happy with the way....
The Darkcoin price has not fared well recently, much to the chagrin of investors. Over the past few weeks, the Darkcoin price has experienced a steady decline, followed by a crash and brief recovery. CCN examines the Darkcoin price and analyzes its future outlook. Darkcoin Price Fell 20% This Week. Over the past seven days, the Darkcoin price fell 20%. The anonymity-branded coin had a price of $3.08 on August 24. However, the Darkcoin price continued its steady two-week decline by rippling down to as low as $2.29 on August 27. At present, the Darkcoin price rests at $2.42, according to....
The Darkcoin price exploded during May, rising more than 2000% in less than a month. Since its rise, Darkcoin has consistently remained among the altcoin heavyweights, despite a price decline. However, the Darkcoin price downtrend is becoming a concern for investors, as Darkcoin's market cap has fallen below that of another coin that until recently had been slumping, Peercoin. As the Darkcoin price has decreased, the Peercoin price has risen, causing Peercoin to briefly pass Darkcoin for fourth in total market cap. Darkcoin Price Falls to 30 Day Low. Darkcoin's price explosion in May was....