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.
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.
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.