Counterparty continues hot streak into November, approaches all-time highs

Counterparty (XCP) has extended its hot streak into November, rising another 65% to trade at 0.0156 BTC.

This is over and above its October gains, which at one point saw it rise 130% after news of the currency's developers being hired by Overstock to help build its "cryptosecurity" market.

The currency has gained about four-fold since hovering around its summer lows near 0.0032 BTC. This contrasts with the performance of the broader crypto market during the same period, whose Bitcoin and Litecoin have seen their prices slashed by as much as 50% and 70% respectively.

The rally brings XCP to within 10% of its all-time high near 0.0169 BTC, reached soon after trading was launched in February. Note, however, that its gains are pared when measuring in dollar terms due to bitcoin's decline.

Counterparty is one of several "Bitcoin 2.0" currencies aiming to support decentralized exchange, Crowdfunding and smart contracts. Most of XCP trading takes place on BTER.

XCP now ranks 8th in market cap, not far behind Peercoin, worth $15 million.