💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

ABBC Coin (ABBC) Rise Viewed as Extremely Risky

Published 03/07/2019, 05:27 AM
Updated 03/07/2019, 06:42 AM
ABBC Coin (ABBC) Rise Viewed as Extremely Risky

ABBC Coin (ABBC), a relatively obscure digital asset, is extending its rally dramatically this Thursday after gaining more than 66% overnight to reach $0.58. It is now almost halfway to the peak prices from October 2018, when it traded above $1.21. The sudden activity made ABBC the 27th biggest coin by market capitalization.

ABBC is a minable coin, claiming to belong to a large ecosystem that includes finance, social status, facial recognition, and retail use cases. The project is partnering with small-scale exchanges that are considered low-liquidity and relatively risky, and activity is spread across several marketplaces.

ABBC completed its token sale about a year ago but did not make gains beyond the initial coin offering (ICO). The mix of a token sale with subsequent mining also raises doub...

This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.