What is Bitcoin Diamond?
Another member of the Bitcoin family, created on the Bitcoin Chain using some unique and modified technologies, is Bitcoin Diamond. Following in the footsteps of Bitcoin Cash, Bitcoin Diamond was forked in 2017. By implementing huge on-scaling, the network employs a new proof-of-algorithm and raises the block size limit to 8-32 MB. However, they also raise the block height to boost the amount of transactions per block while putting security and scalability first.
In comparison to Bitcoin and Bitcoin Cash, Bitcoin Diamond has a higher maximum supply. In addition, SEGWIT, Replay protection, and the lightning network have been introduced to the system. X13 GPU mining is used by Bitcoin Diamond in place of conventional mining.
In order to upgrade the ecosystem, Bitcoin Diamond has recruited new developers to concentrate on we-based programming languages. Future Bitcoin diamonds will offer an alluring business model to users and businesses globally.
Bitcoin Diamond Price Prediction
|Month & Year||BCD Price Prediction|
Bitcoin Diamond Overview
|Project name||Bitcoin Diamond|
|Based on||Bitcoin Chain Hard Fork|
|All-time high||$99.37 USD|
|Exchange Platform||OKEx, Binance, Bithumb, VinDAX, Gate.io, Huobi Global, Indodax, LATOKEN, Exrates, Bione, Probit Exchange, Probit Exchange, BW.com, Kucoin, HitBTC, BitZ, Crex24, Yobit|
|Wallet||BCD Pay, Atomic wallet, Bitcoin Diamond Wallet|
BCD Price Analysis
BCD is the project you shouldn’t think about investing in, as we have already suggested. as it has already lost all momentum and has no use, causing a significant loss in liquidity for this enterprise. We are aware that Ethereum has become a hub for development and that blockchain has already evolved into web 3. Bitcoin is now only thought of as an investment because it was the first cryptocurrency ever. As of this writing, Bitcoin Diamond has already been heavily sold, which has caused a sharp price decline.
The price graph for Bitcoin Diamond tells a fascinating tale because it was merely made to make algorithmic modifications. The price of the BCD graph fluctuates quickly; the lowest point was close to $0.40 USD for more than 3 times, while the highest point was $0.88 USD in 2020. BCD prices are falling, which was surprising given that Bitcoin broke the all-time high while BCD is having difficulty crossing the $1 USD mark.
After Bitcoin Cash, the hard fork version of the Bitcoin family saw great success and price growth. After March 2018, BCD coin showed an average price of $2.2 USD, which caused it to lose investors, but because many investors were anticipating the success of Bitcoin Cash, they chose to hold onto their coins, leaving only 5 to 7% of the total supply available for trading and mining.
Now that they’re talking about growth since launch, they’ve failed to impress the investors who bought BCD at first. According to reports, BCD was launched in November 2018 with a price of $61.71 USD, and in just two days, with a peak rate of 49.18%, it reached an all-time high by crossing $90 USD. Right now, BCD has $91.71 USD, which is the best price so far. However, after this, BCD started to decline, and after maintaining price until January
As January 2018 was a fantastic month for the cryptocurrency world, as on this month, old coins reached their highest prices, BCD was already losing value due to its high launch price, but with high demand for other top coins, this coin also experienced a small price increase during the month, rising from $30 USD to $37 USD, with a subsequent 23% growth noted in February 2018.
BCD price was doing well, maintaining a price above $20 USD until the end of the month, but in March 2018, some negative factors that had previously harmed the success of cryptocurrencies resurfaced, causing all coins to lose market cap value and price as well. From March 2018 to June 2018, Bitcoin Diamond was dead and exhibiting very low growth rates.
BCD receives official partnerships with Themis, Kairex, and other smaller partnerships. They also launched their main network, which means that all BCD transactions with other currencies will take place on this network, making every transaction private and secure. Additionally, there will be low transaction fees and quick transaction times, so taking all of this into account, BCD will be considered an average-feature cryptocurrency in 2020.
As a result, in the future, they must introduce new features and focus on other technologies in addition to security in order to become more desirable. As we already know, there are many coins with excellent technology on the market, and some of them have converted their businesses to the cryptocurrency space. Taking into account all of these factors, we have some estimates based on the report of BCD prices.
It is very difficult to predict the price of the future, but looking at nature and with calculation above price can be easy to achieve, so if you get BCD for $3 to $5 USD and sold for more than $20 USD price then. If current price report will continue until 2020.
As Bitcoin Diamond has greater features inherit on Bitcoin Chain, fork projects like Bitcoin Cash, Bitcoin SV, and more have already been launched. Performance and technology both need to be improved further in the future for Bitcoin Diamond.
Bitcoin Diamond FAQ
Can Bitcoin Diamond Reach $10 USD?
Yes, Probably after 2025
How Much Bitcoin Diamond Worth in 2030?
Probably reaching $20 USD mark.
Is Bitcoin Diamond a Good Investment?
No, the price of Bitcoin Diamond is fast declining, and the past two years have not seen a bullish trend.