Bitcicoin (BITCI), a closely followed crypto money project in Turkey, has recently recorded a huge increase in value as a result of important developments. Bitcicoin, the local token of the Bitci exchange, has risen close to 100 percent in the last week. So, what was behind this acceleration? Here are the details…
Bitcoin rose 90 percent in a week
cryptocoin.com As we have also reported, BITCI, the local cryptocurrency of Bodrum-based crypto money exchange Bitci, has gained 92 percent in the last 7 days. The coin rose from $0.006081 to $0.00733 on a weekly basis. Although it retraced to $0.00682 at the time of writing, its value gained 13 percent in the last 24 hours. So, why did Bitcoin rise?
Bitci, one of Turkey’s famous crypto money companies, has attracted attention with the important steps it has taken recently. In particular, the roadmap for the project emerged as a result of the crypto money summit held in Bodrum at the beginning of February. For investors, the roadmap provides information about the direction and vision of the project, while also serving as a metric for the pace and success of the evolving product. Therefore, providing a specific update to the roadmap points in a positive direction for the project.
In addition, as it is known, prominent phenomena and media representatives in the field of crypto money participated in this summit. The Bitci team may have given investors confidence by explaining their plans and strategies for the project together with Bitci Summit. The coin has gained over 75 percent since the beginning of February.
BITCI parities on the cryptocurrency platform have been terminated
However, this is not the only reason behind BITCI’s rise. The other day, the company announced that it will remove the parity of BITCI with fan tokens with a survey shared on Twitter. That is, fan tokens on the exchange are now traded with trading pairs other than BITCI. In addition to this development, the announcement of a new burning calendar for BITCI also caused a jump in the price of the coin.
As it is known, the Bitci platform is a pioneer especially in the field of fan tokens. Fan tokens are a special type of cryptocurrency that gives their holders access to various fan-related events. These fan-related activities include voting on some club decisions, special match ticket discounts, deciding on teams’ bus designs. Bitci is one of the largest crypto companies issuing fan tokens.
Most recently, as a result of a survey on the Bitci Twitter account, it was announced that Bitcoin and fan token trading pairs were closed for trading. This development is the biggest one to push the price of the cryptocurrency up in the last week. According to the official announcement of the exchange, as of February 16, 2023, the BITCI parity has been removed in fan tokens such as ADANA, AFYON, ANKA, BKN, BRACE, CFT, ENFT, KSK, MGPT. These fan tokens will continue to be traded with the TRY parity.
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