BitcoinCash outperformed Litecoin and EthereumClassic in this category
Even so, Bitcoin Cash does have a higher block size than BTC, and this facilitates a higher TPS. This is why, for some, BCH is a more preferable option as a peer-to-peer payment than Bitcoin.BCH is still heavily undervalued compared to BTC yet both have a similar circulation and maximum supply.
Bitcoin Cash traded at $114.16 at press time, which represented a 25% discount from February highs. Nevertheless, it still showed a bit of an upside from its current weekly low of $105.05.BCH’s price action reflects movements in the overall crypto market. But is Bitcoin Cash more likely to achieve a sizable bounce back? So far the recent pivot was underpinned by significant whale accumulation.Whales in the highest address category holding over 1 million BCH have been adding to their balances.
This may explain the limited upside. Bitcoin Cash’s dormant circulation metric indicates that a significant amount of the cryptocurrency exchanged hands during the recent selloff.On the other hand, the transaction volume indicated a surge in activity on 9 March. This observation confirmed the influx of buying activity observed when the price bottomed out.Subscribe to get it daily in your inbox.
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