Feathercoin Soaring Today, But Still Has a Lot of Catching Up to Do

Feathercoin (FTC) is up by over 50% in dollar terms over the past 2 days, now worth $0.28. The 50% rise is composed of FTC's organic rise of 38% versus Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term (BTC) plus BTC's gains versus the dollar of 10%.

Feathercoin's market cap is now back to $9.2M, up from below $6M, which had been its lowest value since December.

On BTC-e, it is trading at 0.42 mBTC.

On the one hand, many will argue the jump is overdue. FTC had been tumbling since opening 2014 on a high of 0.5 mBTC, subsequently losing over to 40% vs BTC to reach a low of 29.5 mBTC. The recent jump is the first and largest of its kind this year.

The other good news for FTC is that it has kept well clear of its 20 mBTC floor, making the prospects for an eventual turn around more fathomable.

Yet, FTC had been sliding for close to 6 weeks, building for itself a low floor and moving average reinforced by the test of time. Indeed, it is still 20% off this year's high in Bitcoin terms, and 27% in dollar terms, making it one of the weaker Altcoins Altcoins Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception there have been countless cryptos launched. Many of these have met varying levels of success, though several have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There presently exist over 5,000 altcoins and this number seemingly grows constantly. The paramount altcoins as of May 2020 are Ethereum and Ripple.In terms of struct Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception there have been countless cryptos launched. Many of these have met varying levels of success, though several have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There presently exist over 5,000 altcoins and this number seemingly grows constantly. The paramount altcoins as of May 2020 are Ethereum and Ripple.In terms of struct Read this Term among the top 15. Today's bounce merely reinstates it back to where it was one week ago.

During its prolonged contraction, FTC successively established and then broke through increasingly lower levels of support. , FTC had been threatening the 0.34 mBTC level, which it indeed broke through.

Forums and chats are rife with forceful comments calling the rise a pump, with some bewildered at who has millions of dollars to spend on pumping it. Some are calling for a three-fold increase in the coin's value. Others are calling for its removal from BTC-e.

FTC's lacklustre , a rare place where it can be traded with fiat, has not helped matters.