I don't believe the price ratio between BCH and BTC will drop below 0.01... ever. There is a huge amount of competition in crypto today, but BCH has the bitcoin brand name and could catch on with the masses faster than some of the other newer coins. BCH speed is faster, fees are lower, and on-chain transaction volume exceeded BTC yesterday. Kim Dotcom is building an e-commerce platform with a strong emphasis on BCH adoption. I think everyone is underestimating the power of a usable coin with the bitcoin brand name. The ultimate sleeping giant. Let's see what happens!
Comment:
Technically, it already wicked below 0.01. Let's see if it can close below that level before jumping to conclusions.
Comment:
The bullish divergence on high timeframes (3D shown below) is a work of art.
My original thesis on the price ratio is cooked, but my sentiment is more bullish than ever. BCH now routinely processes 30% more transactions than BTC per day. Moeing sidechain will bring a supercharged EVM and DeFi to the BCH ecosystem (as well as deflationary pressure because fees paid in BCH are burned). Proof-of-work is not cool anymore and BTC has the spotlight, but there has never been a more perfect time for an inversion than H2 2021. The ignorance directed toward this coin is finally at a breaking point.
Trade active:
I stand by this call 100% -- BCH/BTC will breach ATH within the next five years; more than a 30x gain against BTC. There's a reason in my publication that I have vertical time markers at the start of each calendar year from 2022 to 2025. This is ground-zero of a long war. Most traders in the crypto space really have no idea what is happening right now and what is coming in the future for this coin.
BCH is one of the few older coins with true 100x USD potential from here-on-out. $6,000,000 BTC with 100T market cap? Get real. $200,000 ETH with 20T market cap? Maybe in another generation if ETH 3.0 takes over the entire ecosystem. $50k BCH with 1T market cap? It's very possible unless one of the newer coins (e.g. ALGO, ETH 2.0) turns into an unstoppable monetary vortex that completely dethrones the market cap dominance of all PoW chains.
BCH is one of the few older coins with true 100x USD potential from here-on-out. $6,000,000 BTC with 100T market cap? Get real. $200,000 ETH with 20T market cap? Maybe in another generation if ETH 3.0 takes over the entire ecosystem. $50k BCH with 1T market cap? It's very possible unless one of the newer coins (e.g. ALGO, ETH 2.0) turns into an unstoppable monetary vortex that completely dethrones the market cap dominance of all PoW chains.
Trade active:
Hopefully you took profit at the first resistance zone. If not, now is another great entry point. I think we'll go up from here and retest the local high near 0.026