Bitcoin Diamond [BCD] opened on Binance, pumps by a massive 182.92%

On 5th September, Bitcoin Diamond [BCD], a hard fork of the original Bitcoin received the support from Binance, the biggest cryptocurrency exchange in the world by trading volume. On the same day, the 23rd largest coin according to CoinMarketCap also saw an accelerated pump of 182.92% in its trading price in 24-hours.

The announcement made by Binance read:

“Fellow Binancians,Binance //  will open deposits and withdrawals for Bitcoin Diamond (BCD) at 2018/09/05 10:00 AM (UTC). // Thanks for your support! // Binance Team”

In the past week, Bitcoin Diamond had a stable graph but rose to glory after Binance made the announcement regarding the listing. Following the news, the cryptocurrency experienced a hike and landed at a trading price of $3.73 with a market cap of $573.4 million.

The beginning of the day saw the price of Bitcoin Diamond trek the upward hill and took a break on reaching $2.35 with a market cap of $361.5 million. Here, the 24-hour trading volume also took a big leap and was accounted at $5.8 million. Once again, the coin started climbing and touched $3.51 but dropped to $3.06 in a short while.

At the time of writing, Bitcoin Diamond is trading at $3.71 with a market cap of $569.9 million. The 24-hour trading volume of the coin is recorded at $84 million and the exchange with the highest trading volume of BCD is Gate.io, which contributes to 43.55% of the total trading volume.

Finally, Bitcoin Diamond managed a comeback and touched the peak of the day where it was trading at $4.03 with a market cap equivalent to $620.2 million. In a day, BCD achieved a total market cap of more than $400 million. Since the peak, the price of the coin has only been rising and dropping with minor twists and turns.

Crypto Clues, a Twitter handle and a Telegram channel associated with cryptocurrency investing wrote to Binance:

“This must be another one of those ‘quality projects’ that Binance has talked about.”

Another fellow Twitterati and cryptocurrency enthusiast named Guns “Not giving ETH” also projected interest and inquired:

“what this bitcoin diamond? whats the project? who are the leaders or team members?”

Crypto daydream, a cryptocurrency related Twitter handle also criticized the Bitcoin hard fork family and said:

“How many bad (i will not say shit) forks of bitcoin are around? #bitcoin #blockchain #cryptocurrency”