After the much awaited launch of bitcoin cash yesterday, the alternative digital currency to bitcoin is now ranking third in the crypto market.
According to CoinMarketCap, BCH has a market value of $11.3 billion and is currently trading at $688, up more than 112 percent over the last 24 hours and 77.51 percent over the past seven days.
Its third place position puts it ahead of ripple, which has a market value of just under $7 billion and litecoin, which makes up $2.23 billion.
Many feared, though, that the price of bitcoin would be impacted once bitcoin cash launched. Yet, at the moment, that doesn’t seem to be the case. In fact, bitcoin’s price is appearing to be considerably stable.
At the time of publishing, bitcoin is trading at 2686$ which is pretty close to its all time high value.
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Will Bitcoin Cash survive is anyone's guess at this point. But for reference just look at Ethereum and Ethereum Classic
I agree! The current siuation with bitcoin does ressemble ETH and ETC!
I too believe the future of Bitcoin is bright, and as for bth, all I can do is hold and see. ...and let this new cryptocurrency re-educate my monetary "values"
Thanks for the post.