Bitcoin Cash is ranked at #4, above Litecoin on coinmarketcap. The price of BCH diminished at a rate of 2.58% in the course of the past 24-hours. The trading volume recorded is $1.411 billion, while the supply has 17,960,688 BCH coins in play. For now, the total market cap of Bitcoin Cash is $5.370 billion. As of this moment, BCH is priced at $299.01.
Merge mining is a practice that leaves the Bitcoin Cash network vulnerable [the Bitcoin Core fork took place two years ago, and Bitcoin Cash was born as a result of this move]. As more miners “get on the train” of the Bitcoin Cash chain, vulnerability grows as well.
Though there are people in the ecosystem who prefer the BCH chain over the original Bitcoin network. Even Charlie Lee, the creator of Litecoin cracked a joke involving Roger Ver who is a BCH proponent. Ver is an early investor in the cryptocurrency market.
I have no proof of this, but I think the owner of @bitcoin must have had a romantic relationship with Roger Ver and recently broke up with Roger. That’s the only thing that can explain why @bitcoin stopped supporting BCH.
— Charlie Lee [LTC⚡] (@SatoshiLite) August 20, 2019
Lee is known for his crafty sense of humor. However, his actions haven’t always worked in his favor. A few weeks ago, Charlie had faced backlash as a result of his comments against the DASH network. It should also be noted that Litecoin has been competing with Bitcoin Cash for the last six months.
This was unveiled less than a day back. OKEx has been gathering momentum due to a surging number of investors:
We’re launching daily settlement for futures trading 22 Aug – Meaning customers will be able to freely move their funds in and out of their futures account without waiting until Friday. Learn more: https://t.co/NGGJgJRPga
— OKEx (@OKEx) August 21, 2019
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Bitcoin Cash is more centralized than we thought; memes on Roger Ver keep springing up
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