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After a phenomenal daily climb and unprecedented volumes, BCN got involved te a scandal again spil the network caused problems.
Bytecoin (BCN) made a strong rechtsvordering to coming back ter the midst of fame – but crashed and burned following a phenomenal day where its market price grew more than 160%. Unluckily, a network problem caused Binance trading to be suspended.
The BCN asset lightly looked at climbing from the sub-penny range to a few cents, a feat merienda performed by TRON (TRX). But this time, Binance will be burdened with solving the kwestie.
After BCN moved away from Poloniex and gained a fresh risk profile overnight, its price is te another price discovery period. Warnings abound that Bytecoin does not ensure earnings, and may be enormously volatile.
The Bytecoin project still has a pseudonymous team, and there have bot troubles reported with the network usage. Bytecoin is one of the oldest digital assets, from which Monero (XMR) wasgoed created, but this does not ensure the fresh versions will be usable. This time, the Bytecoin project competes with much more numerous coins with anonymous features, spil well spil other projects already established on exchanges.
One of the reasons for the erratic behavior is the unexpected rente ter BCN trading on Binance, where the price slok up at a excellent premium. When everyone desired to budge their coins, the network crashed.
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It is unknown whether those price conditions would proceed. Some believe the Bytecoin project wasgoed the object of a scam or a concerted pump. BCN traded te a chaotic manner, reaching $0.01 on Poloniex, but trading spil high spil $0.02 on Binance and up to $0.03 on other exchanges.
The utterly bullish predictions for BCN feature outlandish prices of a few dollars. But Bytecoin has too much free supply, and this may depress the price. The withdrawals are still disabled on all exchanges, and only early birds managed to make profits after the Binance launch.