The crypto-market is in a state of disaster as many coins are dropping off in price. Bitcoin was about to reach the $10,000 mark but ended up dropping below $9000. This has affected the other coins as even they have dropped off in price. Many think that it might be the end of the crypto hype. But coins are slowly rising back again and investors predict that Bitcoin Cash [BCH] might enter into the top 3 of the crypto-rankings after its fork.
BCH is currently priced at $1315.19 with a circulating supply of 17.12 million and an overall volume of $1.31 billion. The coin has a market cap of $22.52 billion. It is being noticed that the coin has declined by 0.19% in the past 24 hours and 18.98% in the past 7 days.
But the decline rate is nothing to be worried about as it has had the 2nd least decline rate in the top 15 cryptocurrencies. All other cryptocurrencies have had a 20% and above decline rate except for Bitcoin [BTC] and Ethereum [ETH].
Cash Consortium [C2] is a Bitcoin Cash blockchain startup which was recently established that aims to provide a long-term growth in Bitcoin Cash. The organization follows the World Wide Web Consortium’s open standards. The open standards allow developers to have freedom and to find out bugs and flaws inside of the software.
One of the main founders of C2 says:
“Bitcoin Cash [BCH] is one of the most important forms of cryptocurrency known. It has scarcity, fungibility, divisibility, durability, and transferability which make a coin perfect. Our company has aimed to standardize the upcoming technologies in a way that play to BCH’s strengths. The coin is flexible in a sense that it allows smart contracts, colored coins, tokens and many more features.”
Many experts speculate that the upcoming fork on 15th May will push BCH in the top 3 of the crypto-rankings.
Olleh, a Twitter user says:
“I’m so excited for the fork, BCH has been playing the second fiddle to Bitcoin for such a long time. After BCH enters into top 3, It’s only a matter of time before it overtakes Bitcoin.”
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