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DC Forecasts Price Analysis: Bytecoin

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Bytecoin showed some increasing movements by 7.50 percent in the past 24 hours and it’s now trading at $0.002498.

Bytecoin is mostly focused on bringing the crypto space a blockchain based on privacy and security that will enable users to make untraceable transactions. Bytecoin uses the CryptoNote protocol and the CryptoNight hash algorithm. It was created in 2012 and it was created to use ring signatures to provide the users a level of anonymity as all transactions are mixed and untraceable.

Bytecoin is now ranked at the 26th place in terms of market cap and has a market cap value of $459,636,564. From a long-term perspective, we can see that the price went through 2 great bullish runs in the period of 12 months. The first one began from a really low point at $0.000927 last year and continued to rise until January this year reaching $0.017192 which is a price increase of more than 1.600%. Right after this stunning rise, the price rapidly declined for three straight months until the second Bull Run. The second bullish run started at a low point of $0.002081 on April this year then reached an all-time high of $0.0208 in May this year.

At the end of May, the price rolled down to $0.005523 and continued falling until June. After the market succeeded to rebound, the price also managed to slightly rebound as well. If the market continues a higher movement towards the upper boundary range we can expect some more resistance from the cryptocurrency. Any bearish pressure that happens on the market is expected to be absorbed and if the price action doesn’t go below, we can expect support to be located at the 1.414 Fibonacci Extension Level.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Stefan is a full-time member and has been a Bitcoin Specialist for over 6 years. Providing daily news and updates for DC Forecasts.

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DC Forecasts Announcements

DC Forecasts Just Won An Award For “Crypto Website Of The Year”

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We are proud to announce to you today that our team at DC Forecasts just got the prestigious London Prestige Awards and was named the "crypto website of the year." As one of the most popular cryptocurrency news sites out there, we remain committed to achieving a lot more in the future. dc forecasts Our team of editors, writers and expert traders continue to set the bar higher and are committed to enjoying more awards in the future. As London Business Awards described us:
"DC Forecasts is one of the most popular online cryptocurrency news sites handling a variety of subject matters. From price movements to crypto coin updates, coin analyses and rumors, the site offers news on all major cryptocurrencies such as Bitcoin, altcoin, blockchain as well as the latest updates on the technology behind crypto."
They continued, stating:
"Each year, DC Forecasts delivers more than 8,000 unique news stories, 4,000 news alerts, 10,000 images and thousands of video stories. Their team is comprised of award-winning copywriters, advanced researchers and marketers who are all dedicated to success."
What we are also proud to note is that our team are full of experts, traders and analysts that are knowledgeable and able to handle complex topics from the crypto space. You can see this in our Bitcoin news and altcoin news categories which are updated daily. We can safely say that our commitment to providing fresh topics, technical analyses and details as well as unique crypto stories is what sets us apart from the competition. Because of all this, we remain true to the integrity and freedom from bias. Over the years, DC Forecasts established itself as an independent cryptocurrency news site and a valuable source for newbies, experienced traders as well as experts in the space. In our Cryptopedia section, you can also learn more about every cryptocurrency from Bitcoin to Ethereum and see what their teams are working on. Whether it's a daily rundown on the price of Bitcoin and Ethereum, your morning routine of listing the latest news in crypto or a dedication to each and every one of our headlines, we are confident that many good things are awaiting us in the future. This award gives us a good push and determines us to work even harder in the future. To all of our crypto fans and followers - thank you for your support over the years!    
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CCN Shutdown Due To Google’s Update: How DC Forecasts Remains Stronger

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CCN Shutdown
The CCN shutdown due to the new Google updates and its search visibility took the world by storm and was featured in the latest altcoin news. As one of the best media outlets in the area of crypto and blockchain, CCN was dominant and posted reports of great quality. However, it seems like the website was affected after an update from Google, causing CCN's advertising revenue to collapse by 90% due to the lower visibility of its articles on Google. According to the official CCN announcement, the SEO analyzer Sistrix shows that the website's Google visibility following the new changes dropped from 1.2 to less than 0.6. This was reported by many best cryptocurrency news sites as the real cause for the CCN shutdown. The crypto media, after all, relied on this income and the money was directly funneled back into the financing of the operation. This is also a growing problem that many cryptocurrency news sites have. Media projects that are financed by advertising tend to create problems for more than a decade. Google AdSsense is by far the most important source of advertising revenue for most of these projects. The good news in this entire story is that as a media outlet and a source for the best Bitcoin and latest cryptocurrency news out there, our website DC Forecasts remains stable. In fact, our visibility on Google is always increasing thanks to our regular updates and most importantly - thanks to our team of SEO experts that is actively following every update released by Google. Furthermore, our website is not financed by advertising and is therefore less dependent on Google. We have our own investors and a community of people who should not depend on clicks in order to improve the quality of our content or expect more. As such, we are continuously innovating the crypto currency news space - being less focused on the broad masses and more focused on readers who want to learn the latest news in every segment related to cryptocurrency, fintech, blockchain and Bitcoin. In the end, we sincerely regret the news of the CCN shutdown. The community will definitely not be the same again and we will all lose a quality medium. Founded in 2013 (as CryptoCoinsNews) it was one of the first websites reporting on the latest crypto news, coming altcoin news and more - having the highest amount of traffic worldwide.
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DC Forecasts Featured On Reuters For Its ‘Newly Revamped User Interface’

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DC Forecasts Logo Blue - DC Forecasts Featured On Reuters For Its 'Newly Revamped User Interface'
This Monday, we are proud to announce that our website, DC Forecasts, has been officially featured in one of the most popular news websites out there, Reuters. In a press release, the reporter from Reuters spoke about the mass crypto news coverage by our site - and our newly revamped website which regularly covers topics centered around Bitcoin, blockchain, and fintech - attracting hundreds of thousands of visitors per month. As the official press release states:
"DCForecasts, a respected crypto currency news channel has finished revamping its website to boost its user experience. The website has been a one-stop news channel for crypto currency enthusiasts, crypto traders, and beginners in crypto currency investments. In a bid to respond to such a high influx of users, DCForecasts decided to revamp their website to better align with their user experience. This ambitious revamp project has been completed today and it is expected to send considerable excitement ripples in the crypto currency news world."
Reuters also covers our CEO, Adam Baruch, and his comment on the new user interface which puts a lot of new benefits on the table for our readers. As Baruch noted while speaking to Reuters, DC Forecasts is now clutter-free, accessible from every mobile device and with re-organized content that helps users easily find their desired crypto news. In one part, the press release also mentions our extensive attention to detail, especially in the expert analysis section of our website which gains trust from the readers and rapidly expands month by month. For those of you who don't know, Reuters is an international news agency headquartered in London, UK. It provides financial information and covers global business news in a variety of topics. The website is among the "1000 most visited" websites in the world, attracting around 70 million visitors every month.  
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DC Forecasts Leading Crypto News Site With A New Head Office Address

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 We are lucky and proud to announce the latest news here on our DC Forecasts crypto site. After months of planning, we are finally set and relocated to a new building with a head office for our crypto news site - from where we will continue to report the latest news in crypto, Bitcoin, blockchain etc. Only after a few years, it all started, DC Forecasts is now proud to have a new " home". Our team of analysts, editors, crypto lovers, and bloggers are now situated in a newly refurbished building located at "4th Old Park Lane, Mayfair" in Central London, offering an impressive reception and common parts with a high-quality and modern grade office floors behind a period facade.   Outside DC Forecasts Head Office:   Reception DC Forecasts Head Office:   Building  DC Forecasts Head Office:   Press Team DC Forecasts: As you probably know, we are focused on showing you the latest news in crypto. From our expert cryptocurrency analysis to the latest blockchain events around the world, we are here to notify you about all of the changes and novelties in the market. So, the next time you want to see if Bitcoin is in the red or green - or what is the best blockchain event near your location - know that you also might stop by in our neighbourhood and say hi! And if you prefer working with us online, you can always submit a crypto press release (PR) on our website and spread the word about your new crypto project! We are excited about what the future holds for us - and always loyal to our readers. For the best news in crypto!  
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