Crypto Market Rebounds; Tron & BitConnect Among Biggest Gainers

Cryptocurrency Market Rebounds

The cryptocurrency market has had a wild 48 hours but is now on a steady climb up, with no end in sight.

Source: CoinMarketCap

As you can see from the chart above, the market took a sharp fall starting on Monday from an over $700 billion market cap to just over $430 billion, in about 24 hours time. There have been various speculations as to why the market took a plunge from the upcoming Chinese New Year, BitConnect closing its exchange doors causing a selloff, South Korean and Chinese Regulations, and the unknown influence of the first Bitcoin futures contracts ending.

Top Coins Today

Source: coinmarketcap.com

BitConnect coin (BCC) is the biggest gainer today on the cryptocurrency market which is a HUGE surprise, to most.

It was just announced on Tuesday by the company, that it would close its doors to its lending and exchange platform and caused the coin to plummet immediately. Earlier on Tuesday, the coin was valued at $217.43 and dropped  over -90% to $19.94 a coin, within a few hours. At press time, the coin is selling at $42.77 a coin, up 125.41% in 24 hours. It remains unclear as to why the coin has suddenly spiked, as many learned earlier this week that they weren’t able to cash out their BCC tokens and were extremely unhappy. I will continue to monitor the situation and will update if new information arises.

BLOCKv (VEE) is only 3 months old and the project behind the coin is said to be a digital goods blockchain platform that can be built on various blockchains. BLOCKv enables scarce interactive digital goods that are valuable, tradeable, programmable and even collectible.

Currently, the coin is selling at $0.18 a coin, up 119.10% for the day.

One of the top team members on BLOCKv spent many years at Coca-Cola (NYSE: KO) and news recently broke that the beverage giant just might be their first client. You can exchange for VEE coins on OKEx and EtherDelta.

Dentacoin (DCN) aims to improve global dental health by creating a community of dental practitioners, suppliers, and patients. The ICO for the coin ended in October and since has made significant strides. Currently, the coin is selling at $0.002 a coin, up 83.39%.

Tron (TRX) just announced that it will be launching an English version to its Tron Dogs game and has had a spectacular comeback. Today, it is up 82.19%, selling at $0.09 a coin.

Featured Image: Twitter

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