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This Cryptocurrency Surged 200% after a Good Old Pump from Mastercard

www.ccn.com

In recent years, the cryptocurrency sector has seen a relatively high number of cryptocurrency debit card projects fail due to the rejection of credit card companies including Visa. In January 2018, Xapo, a major cryptocurrency vault service provider, was forced to shut down its crypto debit card system as per the request of Visa. Coins.ph, the largest cryptocurrency exchange in the Philippines that allows users to pay utility bills, send and receive money, and convert cryptocurrencies, also operated a cryptocurrency debit card through Wave Crest Holdings, and the company also had to shut down its service.

According to the Groestlecoin team, its cryptocurrency debit card project is backed by Mastercard. Off of the release of its crypto debit card, which is reportedly supported by MasterCard based on the statement released by the Groestlecoin team, the price of GRS, the native cryptocurrency of the Groestlecoin blockchain network, rose from $0.238 to $0.73, by a staggering 206 percent. Several other cryptocurrencies in the likes of Ardor, Civic, and Storj have recorded gains in the range of 25 percent to 65 percent against Bitcoin on the day.

A cryptocurrency trader and technical analyst DonAlt said that once alternative cryptocurrencies and tokens begin to lose steam, it will fuel the price trend of Bitcoin. Historically, investors in the cryptocurrency market have tended to hedge their holdings in high-risk assets like low market cap digital assets to Bitcoin. The sentiment of traders in the cryptocurrency market remains cautious, with more traders leaning towards a bearish movement if Bitcoin is unable to initiate a strong upside movement in the near-term.

Read in Full: www.ccn.com
Bitcoin ARDR
$ 0.1367
Bitcoin BTC
$ 70464.01
Bitcoin CVC
$ 0.2175
Bitcoin STORJ
$ 0.8185

Timeline of Ardor, Bitcoin, Civic, Storj, Groestlcoin

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Bitcoin Bitcoin
70397.9000 0.59%
Ethereum Ethereum
3575.81000 0.19%
BNB BNB
586.974000 1.63%
Solana Solana
186.518000 0.11%
XRP XRP
0.62106300 0.21%