via QuoteInspector.com

The recent hard fork and subsequent ‘hashwar’ associated with Bitcoin Cash (BCH) have left the Bitcoin offshoot’s community fragmented and its price significantly lower.

With notable exchanges like Coinbase yet to reinstate retail trading for BCH, the price has plummeted from a high above $600 in late October to roughly $188.48, where it is currently trading. This represents a 68% loss in a matter of weeks, bringing the coin’s market cap to $3.26 billion.

BCH via CoinCodex

As a result of the major selloff, Bitcoin Cash is now within range of both Stellar (XLM) and EOS (EOS), which carry market caps of $3.033 billion and $3.025 billion, respectively.

via AltDex

This shift would drop Bitcoin Cash down to the 6th spot in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens, which inevitably would damage the narrative that BCH is the real Bitcoin.

More: AltDex 100 Cryptocurrency Index
Related: Roger Ver’s Bitcoin.com Is Purposely Misleading Investors (Again)

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

Voyager

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.