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Crypto ABBC Coin Skyrockets 65% in a Day: What’s Driving Price to the Moon?

Yashu Gola
ABBC Coin, a relative-unknown of a crypto is making tremendous gains. | Source: Shutterstock
ABBC Coin, a relative-unknown of a crypto is making tremendous gains. | Source: Shutterstock

A relatively silent cryptocurrency project has suddenly become a talk of the town thanks to a dramatic price rally.

ABBC Coin is mooning so much that it has left even crypto hotshots like bitcoin and ethereum behind, strictly per its 24-hour performance. On Thursday, the ABBC-to-dollar rate surged as much as 65-percent. At the same time, the coin’s market capitalization more than doubled as it rose from $135.82 million to $249.74 million. The upside push helped ABBC gain entry into the top 25 cryptos club.

ABBC, ABBC USD, ABBC PRICE
ABBC, ABBC USD, ABBC PRICE

ABBC PRICE PERFORMANCE | SOURCE: COINMARKETCAP.COM

Speaking of volume, ABBC maximally changed hands with bitcoin, USDT, and ether, amounting to $46.75 millions worth of trading volume. Unregulated exchanges IDAX (Mongolia) and Bit-Z (Hong Kong) hosted a majority of these trades.

What’s Pumping the ABBC Price?

There are two straightforward theories attached to the ongoing ABBC price surge. The first one is related to an airdrop while the other concerns a fake pump. There is also a third theory that matters with ABBC as a blockchain project and its long-term prospects in the market. Let’s begin with the third – the most usual argument.

Read the full story on CCN.com.