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The DigiCube ($CUBE.X) Altcoin Surges Up Eighty-Six Percent In The Past Day. In contrast, the price of Bitcoin has fallen six percent. Now, Bitcoin is struggling to hold the seven thousand dollar mark, while small cryptocurrency investors are making money trading on Binance. What has happened to the Bitcoin cryptocurrency market? Why Is Litecoin, Ethereum and Bitcoin Cash Down So Much? Are We Officially In A Bitcoin Bear Market?
This question is very tough to answer. However, the best way to explain this is to compare Bitcoin to the volatility index on the stock market ($VIX). Above all, we have heard many cryptocurrency traders and investors compare the price of Bitcoin to the volatility index on the stock market ($VIX). But What Does That Mean? It Means That People Are Trading Small Altcoins Like The DigiCube ($CUBE.X) cryptocurrency in different pairs besides USD/BTC. Bitcoin used to be the number one pair to trade small altcoins. In some places like Binance, it still is. Nevertheless, many firms like Coinbase, Kraken, and Bitrex have made USD/BTC pairs and more pairs for small cryptocurrencies like Ripple, Ethereum, Litecoin, and Dash. As a result, people are not trading Bitcoin Core as much as they used to, which causes the price to go down as the volatility decreases? The DigiCube ($CUBE.X) cryptocurrency trades at $0.000142, which is up over eighty-six percent. Also, the volume for investors and traders betting on Digicube ($CUBE.X) in the last twenty-four hours is almost one million dollars!
Above all, The DigiCube ($CUBE.X) cryptocurrency has a 2,429,126,009 circulating supply. Also, their market capitalization rate in the past twenty-four hours is almost three hundred forty-one thousand US dollars. In contrast, the altcoins market capitalization rate in Bitcoin is only forty-nine BTC? This is a small amount of Bitcoin compared to the almost three hundred forty-one thousand US dollars, isn’t it? Do you see why real money traders and investors compare the price of Bitcoin to the volatility index on the stock market ($VIX).
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Without A doubt, the DigiCube ($CUBE.X) cryptocurrency has made a significant gain. However, it could be the result of a pump and dump scheme. Also, the Army Of Bitcoin doesn’t see a large valuation on the DigiCube ($CUBE.X) cryptocurrency. Furthermore, it only trades in one marketplace, which is CoinExchange. At CoinExchange, the DigiCube ($CUBE.X) cryptocurrency only trades in $CUBE/$BTC Pairs. However, CoinExchange offers many different trading pairs like Dogecoin and Ethereum. That said, the trend in the small cryptocurrency markets shows that there is less dependency on Bitcoin Core than ever. Does that mean the price of Bitcoin will continue to go downwards? Only time will tell.
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