Bitcoin Cash briefly displayed Ether as No 2 Crypto. Here is why

Bitcoin Cash had a phenomenal run during the weekend, with its price increasing from $660 on Friday to a peak of $2,446 on Sunday. The price has almost quadrupled in a matter of two days. While the price seems to have been driven by Korean exchanges, other global exchanges have reported healthy gains too.

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Bitcoin cash, which notably split from the original bitcoin in August, was gaining on its sister coin up until around 2 a.m. ET. It later shed about $1,000 and by 11:35 a.m. ET was only trading up 14.7% at $1,525, slipping back below Ethereum’s market cap.

At this time of reporting the price had corrected, and just trailing behind Ether. The overall market capitalization of Bitcoin Cash after the correction is now trending around $20.6 bln from the previous height of about $31 bln it attained earlier.

While people had always thought of Ethereum as the major challenger to Bitcoin, it now appears that Bitcoin Cash is gearing up to take its rightful place any time soon after this brief take-over.

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1 Comment on Bitcoin Cash briefly displayed Ether as No 2 Crypto. Here is why

  1. What is Bitcoin Gold?
    Bitcoin Gold is a fork of the Bitcoin blockchain. At block 491407, Bitcoin Gold miners will begin creating blocks with a new proof-of-work algorithm, and this will cause a bifurcation of the Bitcoin blockchain. The original Bitcoin blockchain will continue on unaltered, but a new branch of the blockchain will split off from the original chain. The new branch is a distinct blockchain with the same transaction history as Bitcoin up until the fork, but then diverges from it. As a result of this process, a new cryptocurrency is born.

    bitcoin cash and bitcoin

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