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Chinese Stocks Surge Again, Taking Others With Them, ASX Lags Asian Stocks Talking Points: The Shanghai Composite surged by more than 4% as its close approached Most other bourses came up with it The US […]
Despite having barely made a name for itself prior to the announcement, DigiByte is currently 63rd in CoinMarketCap’s , its price increasing 15% in the 24 hours to press time Sunday and having more than doubled since the beginning of April.
SegWit Spinning Gold Across The Board
The events continue an increasingly familiar pattern of behavior among altcoins. Both Litecoin and Syscoin have already benefitted from elevated interest, trading and publicity from SegWit activation ‘likelihood,’ with traders after extended periods of flat prices.
Litecoin is currently trading at $10.76 per token, maintaining highs not seen since 2014 and dwarfing the many months it spent dormant at just under $4.
SysCoin’s story is almost identical. Having staged a modest increase in April 2016 following a , prices remained at around $0.01 per token until SegWit activation announcements saw them treble to $0.03.
Reactions to the altcoin phenomenon have been mixed. While SegWit potentially provides a convenient method for get-rich-quick schemes, reflecting on bitcoin’s battle with the technology’s activation, BitFury CEO George Kikvazde was rueful.
“One can only imagine at what price level bitcoin would be now, if a sound, well-tested tech like segwit had been activated,” he last week as Litecoin’s success edged closer.
In further bitcoin news, major Chinese mining pool F2pool said on Friday in accordance with its poll results it would be implementing SegWit on both Litecoin and bitcoin “soon.”
As 56% from the poll in favor of segwit & agreed UASF is bad. We'll respect ur opinion and implement segwit on both BTC & LTC soon. Thanks.
bitcoin Too Risky? US Lottery Ticket Sales Exceed Entire BTC Market Cap Every year, US citizens spend north of $70 billion on state lottery tickets. That’s almost $8 billion more than the entire market cap […]
