Bytecoin is up by over 40% against USD and BTC
Bytecoin is rising again; is it a good coin for trading? or is this a pump to dump situation? I leave you to decide. As I'm not a trading expert, I would like your thoughts about this coin.
In my opinion, though the majority of the coins had been pre-mined, there is some potential to this coin as most major cryptocurrency exchanges do accept this coin, the coin was made from the scratch i.e.not a fork from another currency and it's been there since 2012.
having said that, perhaps this isn't a coin worth holding but worth trading.
Have a look at the screenshots I took from the coinmarketcap while it was rising,
7 days chart
![Screenshot from 2017-08-31 01:29:25.png]
Interesting blog. Good to see I'm not the only one who thinks like this. Many people say the prices of cryptos are high but we also thought that about Amazon, Apple and Facebok last year. I found this great website: https://www.coincheckup.com The site lets you check all there is to know about the team, product, communication transparency, advisors and investment statistics on every crypto. Check for example: https://www.coincheckup.com/coins/Bytecoin#analysis To see the: Bytecoin Report