As the creation of new digital currencies continues to increase exponentially, a relatively new addition to this market is Bellscoin (BEL). Being one of the newest entrants to the world of cryptocurrencies, it has been receiving significant popularity due to its current and past performance on the market.

As the 3443rd most popular cryptocurrency in the world, Bellscoin has experienced a significant increase in its value over the last 24 hours. The coin is currently at $1.03, and it shows a hike of 5.59% in just one day. The stock has been on a continuous rise and has attracted traders and analysts following the movement of BEL’s stock.

With market capitalization now reaching $42.65 million, there has been a boost in confidence for Bellscoin. Especially necessary to mark an increase in the given digital coin in its 24-hour trading volume with are $177.88K 8.59%. Such an increase in transaction traffic implies the increased attention of investors to this asset and can be an indicator of improving the liquidity and positions of Bellscoin in the market.

Perhaps the most fascinating idea about Bellscoin is that it would originate from. Born eight days before Dogecoin was launched by the same person, Billy Markus, Bellscoin is based on the Animal Crossing game. In the game world, Bells are used as the only currency received for performing such things as gathering fruits, catching insects, and fishing. This fun idea has been taken over to the realm of cryptocurrencies, where one can even mine Bellscoin.

As it is the case with Bells earned in the gameplay of Animal Crossing, the exchanges in the designed coins contain randomness at certain intervals in these denominations. This exciting vector is also practical to generate fun/interests and diversify the difficulties compared to standard crypto-assets such as Bellscoin.

Technically, Bellscoin has been designed on merged mining with Litecoin and Dogecoin, with the use of Proof of Work (PoW) as the consensus algorithm. Besides, this strategy contributes to improving the security of the Bellscoin network while positioning the project as analogous to two popular cryptocurrencies that can increase the network’s credibility and stability.

Two other unique features of Bellscoin are Ordinals, which has been interesting people in the crypto industry for its capacity to carve information onto a blockchain. Moreover, Bellscoin has provided several aforesaid OP_Codes that were initially turned off on the format of Bitcoin architecture, provided more possibilities and characteristics than some of its counterparts.

As of the self-reported circulating supply, there are 42 million BELs in circulation, with unknown maximum supply. It could also have the effect of increasing demand for the crypto coin and increasing its value if the coin becomes more popular.

Any crypto enthusiast thinking about investing in Bellscoin should do it very carefully and do proper research first. The crypto market is rather volatile, still, Bellscoin demonstrates the positive trend recently One should also look at the general indicators and potential threats.

As for the future of Bellscoin remains unclear, which is so interesting. Because of its origin, design, and performance in the market over the past few years, it has become one of the cryptocurrencies to consider. Based on the ongoing development of the digital currencies, the case of Bellscoin might give glimpses on the prospects of specific, game related cryptocurrencies.

Therefore, Bellscoin experience in the ongoing development of cryptocurrencies underlines the diversification of the cryptocurrency market. Whether the rate of increase will be sustainable and it will be able to solidify its ground as a sustainable player in the field remains to be seen but as of now it is proof of the fact that one can take gamification concepts from the gaming industry to Digital finance with aplomb.