Bytecoin (BCN) is one of the largest gainers in the digital currency market after the bulls took over the market a few days ago. The value of the digital currency increased by more than thirty percent in a space of twenty-four hours.
The Recent Price Trend of Bytecoin (BCN)
On the 2nd of July, the digital currency was trading at $0.0029 but later surged to $0.0035 by the end of the day. The upward movement continued through July 3 during the Asian trading hours, and the value of the digital currency rose to $0.0038.
The significant increase in the value of the coin can be attributed to the overall recovery of the digital currency market.
While it is not easy to predict the value of the coin in the coming months, it can be assumed that some of the amazing features of the digital currency will help to increase the value of the coin further in the coming months. Here are some of the features and factors that could contribute to the growth of the coin.
System Health Update
The network of Bytecoin is one of the healthiest and most active in the industry, as reported by major digital currency trading platforms. BCN is a mineable digital currency, and it has seen a series of activities over the past few weeks, and this has attracted a lot of miners and investors to the coin.
The recently updated roadmap of the coin is one of the major reasons why there’s increased optimism around the coin. The roadmap is designed to display key milestones in the development of the coin in the second quarter and part of the third quarter of the year. The first event on the updated roadmap is scheduled for the 23rd of July.
The development team of the coin wishes to see the underlying technology of Bytecoin adopted globally. They have created a Bytecoin Payment ID that lets payment receivers to know who the sender is. This is another fascinating feature that can help to increase the adoption of the coin as well as its value.