Decred price soars 45% in one day three weeks before a major hard fork

2022.04.18 20:06

Decred price soars 45% in one day three weeks before a major hard fork

Decred (DCR) prices soared by as much as 45% on April 18 before paring some gains as traders bet on a major hard fork that aims to prevent pump-and-dump schemes by miners.

DCR rallied by nearly 45% to over $86 in one day, its highest level in four months. Moreover, the massive upside move accompanied a similarly huge spike in its trading volumes, confirming that most traders backed the intraday bullish momentum.

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