ABBC Coin  – the cryptocurrency formerly known as Alibabacoin – on Tuesday surged as much as 106.17-percent to reclaim its mid-March high. The ABBC-to-dollar rate jumped as high as $0.367 ahead of the Asian session close. The pair later corrected lower by circa 14-percent towards a floorless area, indicating that the asset was overbought. As the US session matures, ABBC could see an extended selling correction, mostly because the market lacks fundamentals to support the uptrend any further. On the whole, the ABBC rally attracted just $46 million worth of daily volume, even though the cryptocurrency’s market cap leaped by

The post Alibaba Doppelganger Surges 100% in Mindless Crypto Pump appeared first on CCN

Categories: Mining