Price Analysis: Bitcoin Private (BTCP), Bitcoin Gold (BTG), and Bitcoin Diamond (BCD)
Following the well-publicised hard fork that created Bitcoin Cash in August of 2017, Bitcoin has had a series of additional forks to create several new coins: Bitcoin Private (BTCP), Bitcoin Gold (BTC), and Bitcoin Diamond (BCD), among others.
These coins have had dramatically different performance in the last 24/hours.
Bitcoin Private (a coin that enables users to send payments while obscuring either the sender, receiver or amount of the transaction) was one of the best performing tokens last week. However, its meteoric rise seems to be coming to a close. Today, Bitcoin Private has fallen 10% against the USD and 7% against BTC for a per unit price of $25.21 and a total market cap of $514 million.
Bitcoin gold is the best performing of the three assets, up 8% against the USD and 11% against BTC for a per unit price of $52.27. Its total market cap is now $886 million, giving it the 25th position on Coinmarketcap.com. The reasons behind the recent spike are unclear, but it may have something to do with a recent explanatory video published on YouTube by the Bitcoin Gold Official channel.
KAiREX, a cryptocurrency exchange located in Korea, has recently announced support for Bitcoin Diamond and is planning to make it tradeable against Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Cardano (ADA) and others. This news seems to have had a slight positive impact on the market.
Bitcoin Diamond is up around 1% against the USD and 4% against BTC for a per unit price of $2.89 and a total market cap of $442 million. Over the last 7 days, performance has generally been positive, and the coin has correlated strongly with the rest of the sector.
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