Lucrative opportunities await in far-flung corners of the crypto market, as the price of wrapped Bitcoin on Richard Heart’s new PulseChain reached an all-time high of $70,000 last Wednesday.
The founder tweeted the new all-time high for Bitcoin (BTC) or wrapped Bitcoin (wBTC) after the asset spiked from $27,000 to $70,000.
Bitcoin Price Roller Coaster
The graph below shows wBTC’s parabolic rise from $27,000 to $70,000 in roughly 20 minutes.
The price stayed at $70,000 for 10 minutes before falling spectacularly to reclaim earlier levels.
The wrapped Bitcoin’s volatility revealed PulseChain’s weaknesses rather than its strengths after volume spiked for no reason when the price rose.
Activity on the platform was previously almost nonexistent, with one crypto user saying it took a sub-$40,000 capital injection to…
