It’s hard to keep up on a volatile market, especially when it comes to cryptocurrency. BitConnect is set to incase another failure.
A digital asset depends a lot on being listed on cryptocurrency exchanges. But what happens when it is not accepted by any platform? Does it become a dead coin? It seems so.
BitConnect’s token dubbed BCC will be removed on 10 September from the portfolio of the last cryptocurrency trading platform that still accepted it. TradeSatoshi is not a famous trading platform such as Coinbase or Binance, even so, the BCC token has recorded $ 10,000 transactions a day until August. Surprisingly, the BitConnect token still records a market cap of $ 6,676,761, according to CoinMarketCap.
The following coins will be delisted from Tradesatoshi Exchange the 10-09-18
BCC, LBC, EBLU, SLC, BSS, FRX, HYPER, DMCC, JESUS, TPAY. pic.twitter.com/6jEn8N8y8K— Trade Satoshi (@TradeSatoshi) August 10, 2018
BitConnect is a cryptocurrency investment and lending company considered by many a Ponzi scheme after more negative reviews began to circulate in the crypto space. Furthermore, the company promised high dividends to investors, an aspect which created suspicions:
“This investment option involves profiting from BitConnect trading bot and volatility software. You will receive daily profit based on your investment options. Upon investment term completion, you will receive your capital back to take out from the BitConnect lending platform or optionally reinvest back in lending platform to continue receiving daily profits,” indicated BitConnect on the website.
https://www.youtube.com/watch?v=Gu126dXUSh4
The company has begun to lose its reputation since January 2018 when the Texas State Securities and Securities and Exchange Commission issued two cease and desist letters notifying that “the company is not registered to sell securities in those states“.
Until that moment, BitConnect’s BCC was one of the most famous tokens, recording an increase of 65%. Shortly after the operations were suspended, the BCC faced a decrease from $ 400 to $ 7, about 90%.
At the time of writing, the BitConnect token has a price of $ 0.679889. There are no data on its 24-hour traded volumes.
