Bitcoin Cash, DeepBrain Chain and Zclassic Double in Value
Bitcoin Cash (BCH), DeepBrain Chain (DBC) and Zclassic (ZCL) lead a list of coins that have more than doubled in value in just the last seven days.
Groestlcoin (GRS) and Bitcoin Private (BTCP) are also pushing through the stratosphere.
Here’s a look at just how much these coins have jumped, according to WorldCoinIndex.
Coins That Doubled in the Last 7 Days
Bitcoin Cash – 101%
DeepBrain Chain – 104%
Groestlcoin – 109%
Bitcoin Private – 121%
Zclassic – 157%
These coins were among the hardest hit during the bear market, so there isn’t a whole lot of news driving the price action. However, it’s a bit of a different story for Bitcoin Cash.
Bitcoin Cash Burning the Midnight Oil
The recent rise of Bitcoin Cash is partly attributed to a coin burning campaign from Antpool.
The mega mining pool recently announced it’s burning 12% of all the money it makes mining the Bitcoin Cash blockchain.
Some BITCOIN CASH (BCH) investors may have noticed that Antpool has recently begun burning BCH by sending mining fees to a black hole address with each block mined. Twelve percent of the transaction fees earned by… https://t.co/HKC4VAMPlA
— AntPool (@AntPoolofficial) April 20, 2018
Coin burns decrease the overall supply, which could in turn trigger a rise in price.
Detractors are calling the move a propaganda-laden PR stunt. Antpool is owned by Bitmain – one of the biggest Bitcoin miner and hardware manufacturers in the world.
The company was founded by Bitcoin Cash advocate Jihan Wu, a well-known and influential Bitcoin Cash advocate.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your own risk. Any losses you may incur are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.
Check Out the Latest Headlines
Leave a Comment
Comments 1
-
jimmypulido
Apr 24, 2018hello send de bittrex to my zclassic wallet that I downloaded in the classic 10 z pc and it did not arrive, in bittrex the transaction is completed, the address of the wallet is fine …, where I can see the hash or how to see the transaction?
Comments 1
jimmypulido
Apr 24, 2018hello send de bittrex to my zclassic wallet that I downloaded in the classic 10 z pc and it did not arrive, in bittrex the transaction is completed, the address of the wallet is fine …, where I can see the hash or how to see the transaction?