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...