Hi! HiCoin, or XHI is on a major Bull Run on the C-Cex exchange as the prices have doubled in the last couple days, making some traders’ wallets a little fatter than usual. How long will this trend continue? It is tough to say about any given coin, for instance, take a look at ETC — above $2.50 last week, and now around $1.75, and XHI is only at 4 cents, which is still much cheaper than ETC< and it seeming to be adopted by some big spenders as 1000 BTC has already been traded on this particular coin today.
If the website is correct, then this project may be a spawn from banking giant Morgan Stanley, which may be one reason why there is a large cash flow going into it.
Bitcoin is trading approximately $100 USD below its former 3-month average of $669 USD, with today’s pricing at $578 USD. Some analysts expect some bullish activity from the coin as it’s below average volume should recover to new heights as market forces begin to develop the ecosystem into new areas.