A Bitcoin (CRYPTO: BTC) meme-themed knockoff, Child Bitcoin (CRYPTO: BBTC), is seeing robust positive factors as of Wednesday night time, because the rallies in Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) stay muted.
What Occurred: Child Bitcoin has surged 334.79% through the previous 24 hours, buying and selling at $0.0000000076 at press time. The token is the fourth largest gainer amongst all cryptocurrencies, as per CoinMarketCap information.
The altcoin has surged 326.86% in opposition to apex cryptocurrency Bitcoin and likewise gained 298.53% in opposition to Ethereum.
See Additionally: How To Buy Bitcoin (BTC)
For comparability, main meme-themed cryptocurrencies Dogecoin and Shiba are up about 4.1% and 1.6% through the previous 24 hours, lagging behind in a bull market.
In the meantime, Bitcoin touched an all-time excessive of $66,930.39 on Wednesday amid the momentum imparted by the launch of the primary U.S. Bitcoin futures-based ETF, ProShares Bitcoin Technique ETF (NYSE:BITO).
Why It Issues: The undertaking behind Child Bitcoin says it plans to collaborate economically with totally different international organizations that work to alleviate youngster poverty.
The token, which calls itself the “Prince of Crypto,” says on its web site that it’s working round numerous initiatives, resembling its on-line radio, a digital on line casino that accepts the coin, on-line video games, lotteries and solidarity non fungible tokens (NFTs).
Child Bitcoin retweeted a submit on Wednesday that claims it has launched a lottery.
— #nohayretroceso (@Rolando_FFH) October 20, 2021
The coin is down 67.3% from its all-time excessive of $0.00000002 reached in July this yr.