ABBC Coin Rises 45%: Can Bears Stop the Momentum?

• ABBC’s price rose to $0.077, a 45% increase in the last 24 hours.
• ABBC was overbought but increasing upward momentum may push it to $0.1
• The project plans to upgrade its network to ABBC 3.0 in January.

According to CoinMarketCap, the price of ABBC Coin (ABBC) increased by 45% in the last 24 hours. At press time, the cryptocurrency’s price was $0.077. ABBC was spared from a generally red day in the markets, which saw Bitcoin (BTC) and Ethereum (ETH) dragging many altcoins down with them.

What is ABBC Coin?

The ABBC team created the ABBC Coin as a way to give holders voting power during governance proposals. ABBC also focuses on enabling fast and secure payments through a multi-platform wallet. The wallet supports BTC and ETH and is built on the EOS blockchain. 

At press time, there were 1.47 billion ABBC tokens in circulation. Its market cap was around $109.92 million, and its trading volume spiked to above $10 million in the past 24 hours.

Sellers Are Out of the Way 

Per the price action, the ABBC/USD 4-hour chart showed no signs of slowing down. A look at the Relative Strength Index (R…

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