Amidst the rising debate of delisting of Bitcoin Cash’s fork BSV cryptocurrency from the various trading platforms, Bitcoin Cash (BCH) becomes the hottest coin that blinks with the positive figure of $320 against US Dollar.
Although Bitcoin and other major cryptocurrencies hit Monday market with budding figures, it is slightly turning their ways back. While Bitcoin is declined with 1.41 percent over the past 24 hours, other cryptocurrencies including Ethereum, XRP, EOS, Litecoin Coin, Binance Coin, Tether, Stellar and Cardano also trading slightly below.
Bitcoin Cash becomes Hottest Coin
Nevertheless, despite today’s red figures across the leading cryptocurrencies on the graph of Coinmarketcap, Bitcoin Cash is the only potential cryptocurrency which has gained over 6 percent growth within the past 24 hours.
However, it is interesting to note that ‘BCH’s own fork BSV is already sided down from 12th position to 14th position after delisting decision by Binance and Shapeshift exchange. Since the controversy around BSV and its creator Craig Wright begun, this infamous cryptocurrency suffered significant loss – in fact, the currency which was trading at approximately $83 against US dollar is plummeted down to $56 at press time.
Eventually, BSV has lost its major value of 21.36 percent since the last 24 hours and trading at the value $56 against US Dollar. As such, its demur becomes the potential opportunity for Monero and Dash which is presently sitting at 12th and 13th spot respectively.
Bitcoin Cash itself is the fork of Bitcoin which occurred on August 01, 2017 at 12.20pm and later in the year 2018, BCH network update has resulted in two networks; BCH ABC and BCH SV. Nevertheless, BCH ABC or Bitcoin ABC is called as Adjustable Blocksize Cap wherein BCH SV or Bitcoin SV is known as Bitcoin Satoshi Vision. While Bitcoin ABC is led by Roger Ver, on the other hand, Bitcoin SV is led by Craig Wright who is at the center of ongoing Satoshi Nakamoto’s identity controversy.
So readers, what’s your take on BCH’s rise and BSV’s decline? Let us know in the comment below.
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Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com