BitConnect will become a "dead" token, losing its last trading point

BitConnect (BCC) is set to become a defunct digital asset after being delisted from the last crypto exchange supporting it, the little-known TradeSatoshi.

Over the past twelve months, the crypto community may have witnessed one of the largest scams in its history. BitConnect (BCC) required users to purchase BCC coins at an ever-increasing, artificially high price. Newcomers paid for dividends received by earlier buyers, which is typical of Ponzi scheme.

 During the most active times of the pyramid scheme, the price of BCC was regularly increased to provide a constant income from Bitcoin (BTC). It was the impressive rise in BTC prices that allowed BitConnect to exist and survive for so long. The infamous Ponzi scheme collapsed earlier this year when BitConnect announced it was closing its crypto exchange and its separate lending platform. Despite this, there was still a significant amount of BitConnect in circulation, which was traded on various smaller exchanges. Before the company closed, BCC was trading at a rate of $430 per token, the current coin rate is $0.67. As of today, according to Coinmarketcap data, BCC's capitalization is still over $6.6 million, despite being removed from all trading lists.

TradeSatoshi, a small crypto exchange with around $2-2.5 million. average daily trading volume, announced on Twitter the delisting of BitConnect from September 10. Thus, the token is deprived of its final refuge and loses liquidity, becoming a dead asset.

The BitConnect project had an unsuccessful attempt at reincarnation into BitConnectX, but now there are signs that the former leaders are trying to organize a new scheme. Even though one of its biggest supporters, Trevon James, is set to testify before the US Securities and Exchange Commission, BitConnect is trying to reboot. 

The project's Twitter account has recently been activated, inviting users to the Discord channel.

In addition, having been delisted from TradeSatoshi, BitConnect has been listed on the new PalitanX exchange. Discord channel users are encouraged to purchase BBC on the new platform. 

The PalitanX marketplace could play an important role in bringing back the BitConnect project and creating a new community. With updated communication and promotions, the BItConnect scheme can attract new supporters and re-launch Pump and Dump schemes in the market.. Cryptocurrency trading and investment are always accompanied by certain risks and require careful analysis from market participants.