BlackCardCoin

Elon Musk

The BlackCardCoin token rose for three consecutive days, reaching its highest point since July 13. 
BlackCardCoin (<a href="https://crypto.news/price/blackcardcoin/">BCCOIN</a>) jumped by over 115% on Aug. 14, making it one of the best-performing cryptocurrencies in the industry. It has risen by over 400% from its lowest point this month, giving it a market cap of over $32 million. However, it remains 90% below its year-to-date high. 
The main catalyst for the rally was an X post in which the developers teased a game-changing partnership with a leading financial institution. 
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 🚀 We're Dropping the First Teaser! 🚀 In just 6 hours, we'll reveal our game-changing partnership between <a href="https://twitter.com/search?q=%24BCCOIN&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$BCCOIN</a> and a leading financial institution. This is a small step for us, but a giant leap for the finance world—and the beginning of the end for the FUDsters. Get ready… <a href="https://t.co/j18kHp78jL" target="_blank" rel="">pic.twitter.com/j18kHp78jL</a>— BlackCardCoin (BCCoin) (@BlackCardCoin) <a href="https://twitter.com/BlackCardCoin/status/1823705308612485553?ref_src=twsrc%5Etfw" target="_blank" rel="">August 14, 2024</a>
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In most cases, cryptocurrency prices rally ahead of a major announcement. For example, this week, Trump-themed tokens like TrumpCoin and MAGA jumped ahead of his X interview with Elon Musk.&nbsp; 
 You might also like: <a href="https://crypto.news/trumpcoin-trump-maga-tokens-rally-ahead-of-elon-musk-interview/"> Trumpcoin, TRUMP, MAGA tokens rally ahead of Elon Musk interview </a> 
BlackCardCoin’s price also went parabolic after the developers <a href="https://x.com/BlackCardCoin/status/1823531258732818604" target="_blank" rel="">injected $600,000</a> in liquidity into PancakeSwap (<a href="https://crypto.news/price/pancakeswap/" target="_blank" rel="noreferrer noopener">CAKE</a>), the biggest DEX in Binance. These funds included $300,000 worth of Tether (<a href="https://crypto.news/price/tether/" target="_blank" rel="noreferrer noopener">USDT</a>) and 100,000 BCCOIN.&nbsp; 
Additionally, several exchanges like BigONE and Biconomy have listed the token. In most cases, crypto tokens tend to rally after being listed by major exchanges. 
Meanwhile, the developers made a surprise token burn this week, a move intended to reduce supply. In an X post<a href="https://x.com/BlackCardCoin/status/1823049500446863735" target="_blank" rel="">,</a> <a href="https://x.com/BlackCardCoin/status/1823049500446863735" target="_blank" rel="">they noted</a> that they had burned 93% of the total supply. According to its tokenomics document, the total supply of BCCOIN was 150 million.&nbsp; 
In its <a href="https://download.blackcardcoin.com/BCCoin_BlackCardCoin_LitePaper_v2.pdf" target="_blank" rel="">litepaper</a>, BlackCardCoin aims to bridge the gap between traditional finance and decentralized finance. The developers are working on a debit and credit card that will allow people to transact globally. Therefore, there is speculation that the partner may be a company like Visa or Mastercard. 
Still, BCCOIN could experience a “buy the rumor, sell the news” situation. In this scenario, the token could continue rising ahead of the news but suffer a pullback once the partner is revealed. For example, tokens like TrumpCoin, MAGA, and TRUMP all retreated sharply after the interview. 
 You might also like: <a href="https://crypto.news/goldman-sachs-reveals-418m-bet-on-bitcoin-etfs/"> Goldman Sachs reveals $418m bet on Bitcoin ETFs </a>

BlackCardCoin rises as creators hint of a ‘game-changing’ partnership

crypto.news

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