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Bitcoin {BTC} fan Anthony Pompliano thinks altcoins are doomed; PlusToken scam affects Huobi


Anthony Pompliano is closely associated with Morgan Creek Digital. Being a partner of this reputed firm, “Pomp” has been a maximalist who has always vouched for the king coin.

While some analysts proclaim that the season of altcoins is soon to come [due to the recent bull-run of Ethereum Classic and ICON], most of the traders remain pessimistic when questioned about the future of coins like Bitcoin Cash, Stellar and so on.

In response to this tweet, the XRP fanboys have come up with many statements, which holds no weight. XRP is backed by financial institutions and trustworthy investors they say. Well, if Ripple stops trying to manipulate the market then maybe the coin will have some value.

Huobi, a popular exchange based in China, has witnessed the maximum number of withdrawals linked to the PlusToken scam. This scandal may be worse than BitConnect. A short while back, more than $230 million worth of Bitcoin was moved via 4 key transactions.

Bitcoin is the top-ranked asset in the market. The price declined at a rate of 2.17% in the course of the past 24-hours. The trading volume recorded is $15.074 billion, while the supply has 17,895,450 BTC coins in play. At present, the total market cap of Bitcoin is $181.277 billion. As of this moment, BTC is priced at $10,129.82. It seems that the bears are dominating the king coin for now.

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Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.