Cryptocurrency market price seems to have stuck at the bottom despite gaining the acceleration in the trade. Indeed the market has become vulnerable and volatile since the beginning of this year. The prices of digital assets were soaring high in December last year which received a worldwide attention. As of now, the market capitalization is close to $220 billion once again but gains are relatively small. The leading virtual currencies such as Bitcoin and Ethereum are literally slugging on the price charts with a minimal gain on the day to day trade.
Cryptocurrency Bitcoin has leveled up by 1.6 percent which is around $6,580 and Ethereum gained 2.5 percent at $225 whereas Altcoins aka alternative coin were making up the small losses from the yesterday’s market. The breaking news arrived with Siacoin which surged at 20 percent followed by Noah Coin at 18 percent, according to News BTC,
In another update, the SC (Siacoin) community has discarded Bitmain and Innosilicon ASIC’s in the course of a future hard fork. This step is going to limit the miners in taking over the control of the network.
In fact, this the reason why the cryptocurrency market price of Siacoin climbed to $0.008 or 121 satoshis in few hours. In addition to this, the trade volume has taken a huge leap from $12 to $30 million, 40 percent of which is on Binance.
The SC Community & Bitmain’s Secret Mining
Bitmain mined in secret Siacoins during the two months ahead of their presentation of their Sia miner back in January. The disturbance was caused on the SC community and blockchain by Bitmain when they introduced their Sia miners. (Via Medium)
Therefore, the Siacoin developers have made a decision to perform a hard fork to take away high-performance mining hardware from their network. Also, Bitmain and Innosilicon miners will no longer function on Siacoin blockchain.
Stay tuned to find more updates on cryptocurrency market price and Siacoin community.
The post Cryptocurrency Market Price Updates And Siacoin Performance appeared first on OWLT Market.
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