Bitcoin Plus (XBC), an alternative cryptocurrency that uses the Tor Network for IP address privacy and also uses Hybrid Proof of Stake and Proof of Work, is developing in a positive direction showing a significant price rise, increasing by 85% within past 24 hours and growing from less than $60 on November 12 to $124 on November 13.
Bitcoin Plus Charts
Bitcoin Plus was launched in 2014 on Poloniex and since that time has remained nearly flat for most of its life cycle having a price of around $40. Nevertheless during last 7 days it grew up by 262% and at the press-time has market capitalisation of more than $12 million.
Such a notable rise of the alternative cryptocurrency might be linked to the recent fluctuations of its siblings Bitcoin and Bitcoin Cash due to the announcement of SegWit2x developers about fork cancellation.
Reddit.com user comments
The users of website Reddit.com reacted positively to such an unexpected increase of cryptocurrency which remained stable for a years-long period of time.
There is 1 million Bitcoin Plus coins to respond to 21 million Bitcoins, and Bitcoin Plus is characterized by a much faster block processing time and can handle eight times more transactions than Bitcoin.