The cryptocurrency ZCoin jumped 286% to $111,1 within ten minutes on Wednesday before dropping to $39,53.
Still, the cryptocurrency has gained 26,58% over the past 24 hours.
The reasons of the surge are not yet known. The most recent post on its official Twitter account announces a new update.
ZCoin currently ranks 64th in CoinMarketCap.com rating with a market cap of 174.7 million.
The crypto market is again in the red. The total market capitalization has dropped to 257.6.
Bitcoin (TIKER: BTC.EXANTE) has slipped to $6 859,69, Ethereum (TIKER: ETH/USD.BITFINEX) is trading around $380,80.
By Siranush Ghazanchyan