After Binance announced the addition of Bytecoin (BCN) to its listings, the currency rose 165% in one day. Immediately after this, BCN owners faced a number of problems, ranging from price drops to network outages and the inability to withdraw funds.
Many people believe that this digital currency is a scam in broad daylight. This theory is also supported by the fact that at the moment it was listed on Binance, the platform simply could no longer cope with the increasing number of transactions.
At the time of writing, information about Bytecoin cannot be found on CoinMarketCap and other similar websites. People who believed in BCN were shocked because they had been unable to deposit or withdraw funds for more than 20 hours.
Market observers insist that this cryptocurrency is a scam, and was created only for the purpose of defrauding unsuspecting crypto enthusiasts.
Yesterday, CoinMarketCap placed BCN on the 15th line of the table, however, a little later, Bytecoin fell as much as 1594 lines, now users cannot find out information about the value of the currency, market volume and even market capitalization. Despite this, on the coinranking portal, Bytecoin ranks 11th in the table and still maintains a value of $0.0282. The price increase in 24 hours was 57.01%, and in the last 7 days 420.42%
Despite this, Bytecoin representatives issued a vague statement in which they tried to justify themselves by pointing to “unusual system load.”
“The Bytecoin network is experiencing unusual system load. Transactions may be delayed, node synchronization may lag significantly. Our team is working hard to find a solution to the problem. We strongly recommend that you refrain from any transactions with BCN until the situation is under control. We will inform you as soon as everything is ready!”
In addition, Binance, which increased the volume of Bytecoin trading yesterday, also tried to reassure users by saying: “Due to problems with the BCN network, the Bytecoin team is working on a solution to the problem. Please do not forget about the possible high. volatility and trade with caution.”
Meanwhile, many traders have lost huge amounts of money due to sudden problems with the system.
According to https://ethereumworldnews.com
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