On a quiet Saturday when the market seemed to settle down a bit after the tension surrounding the Bitcoin ETF decision, one coin that might be a little under the radar had a spectacular day. In the last 24 hours its price went from $9.46 to $13.90, at one point being valued as high as $14.37. Note that these numbers are calculated by TradingView using data from Bittrex. This spike amounts to an approximately +47% increase in value in just 24 hours. That puts ZClassic among today’s top performing coin
The most likely cause of this is the investors trying to accumulate ZCL in anticipation of the upcoming fork, Anonymous Bitcoin, scheduled to take place in a bit over a month from now, the 10th of September. Basically, whatever number of ZCL coins you hold at that date, you’ll get the same number of ANON coins (and get to keep the ZCL).
So if you already hold a position in ZCL you’re probably happy to check your portfolio today, but if you don’t — no worries, this is just the beginning. I, personally, was surprised by this sudden move and I wish my holdings were more significant but I’ve been slowly building my position for almost a month now and I will continue to do so. Please note that this is just my personal decision and not financial advice.