The cryptocurrency ZCoin jumped 286% to $111,1 within ten minutes on Wednesday before dropping to $39,53.
Still, the cryptocurrency has gained 26,58% over the past 24 hours.
The reasons of the surge are not yet known. The most recent post on its official Twitter account announces a new update.
Zcoiners, pools and exchanges please update to v13.5.7! https://t.co/DgYdhCSC6D $XZC #zcoin pic.twitter.com/s93iAi6lV0
— Zcoin (@zcoinofficial) March 10, 2018
ZCoin currently ranks 64th in CoinMarketCap.com rating with a market cap of 174.7 million.
The crypto market is again in the red. The total market capitalization has dropped to 257.6.
Bitcoin (EXANTE: Bitcoin) has slipped to $6 859,69, Ethereum (ETH/USD) is trading around $380,80.
By Siranush Ghazanchyan