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Bytecoin has become synonymous with volatility. There were quite a few pump and discharge schemes that were performed in this particular cryptocurrency. In the last week, the price of this cryptocurrency increased by 166%. Many investors think that the reason for this was the listing on Binance. Furthermore, the increase in volumes was such that none of the cryptocurrency exchanges were able to manage the volume.
Recently, however, the team behind the cryptocurrency has sought to clarify and secure investors. According to their tweet, they will host an AMA that will focus on the issues facing the cryptocurrency and also the recent volatility of the cryptocurrency price.
Many investors fear investing in this cryptocurrency because the price has increased significantly. As a result, the team behind the cryptocurrency is trying to resolve investors' doubts and demands so as to get more information during the investment. In addition, they are showing clarifications to ensure that none of the investors lose money by investing in this cryptocurrency.
Bytecoin Price Today
According to an NCB holder, he lost nearly $ 2,800 due to all this volatility. Moreover, at present most of the exchanges do not display the correct price of the cryptocurrency currency. As a result, cryptocurrency holders are not sure how they should evaluate. Furthermore, there are politicians for cryptocurrency due to which order settlement is not taking place. As a result, selling cryptocurrency is currently quite difficult. People also think they've lost their money in this cryptocurrency because they can not sell them altogether.
On the other hand, developers are trying to keep the community updated but they have not solved the problem even after a week. As a result, investors are now skeptical that they will be able to solve this problem or if investors will end up losing their money. It remains to be seen whether developers are able to get their game together quickly or if investors are likely to lose money.
Many of the cryptocurrency investors heavily invested their savings in cryptocurrency while increasing significantly. At the same time, they are not able to liquidate their cryptocurrency now. Participations in most trades show errors when they tried to do so. Therefore, they are not able to get their hands on the amount they have invested.
