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Feb - 15 - Darkcoin is the New Light

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Darkcoin is the New Light
  • Published on February 10, 2015
Barry Goldwon
Customer Service Manager at Best Bitcoin Casino
Bitcoin and other altcoins may still be under the weather due to gloomy prices, but there is one that managed to deviate from all the bad news and stand out as one strong competitor, the Darkcoin. Reports are going over how Darkcoin’s price has increased by more than 20% in the last 24 hours.

The spike came off as shocking, considering other cryptocurrencies’ present dismal condition. Bitcoin, Litecoin, and Dogecoin all seem to encounter similar dilemma of price volatility and has since needed much improvement on their respective values to brighten up everyone’s spirits.

Darkcoin, on the other hand, has a path of its own, and it seems to be going somewhere paradise-like, if this upward trend continues. However, there have been theories of price manipulation among some speculators. During the January 30th trading session, Darkcoin’s price went up to $1.92 from $1.62 for unknown reasons. It then went down a little bit, settling at $1.77, which was probably caused by the selling pressure at peak. It has since stayed that way and hasn’t gone down from its long-term uptrend.

Small time developments are unlikely to cause the massive increase in Darkcoin’s value, thus its attribution to price manipulation. However, many believe that the soaring prices have something to do with the increasing usage of darkcoins in online gambling, which already is a strong niche.

Directbet, for instance, announced last year of its acceptance of Darkcoin. The list continues to increase with Unicoin Casino and Fortune Jack. It can be expected that more websites will follow as Darkcoin’s principal features are more gambling-friendly, being completely untraceable.

Hence, the continuous integration of darkcoins in online gambling sites may be one of the main reasons why Darkcoin is such in a bright place right now as the demand for it becomes interestingly abundant.

About the Author:Barry Goldwon is Customer Service Manager of BestBitcoin Casino. It provides the best and most thorough information about Bitcoin gambling, Bitcoin casino games, Bitcoin casino software providers, Bitcoin exchanges, Bitcoin trading, Bitcoin binary options, Alternative cryptocurrencies.
 
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