Bitcoin Cash price falling because of the growing rift among the
Bitcoin Cash (BCH.X) is trading at $442, down by 1% from yesterday. Bitcoin Cash dipped again against the US dollar, approaching the support level of $410 level.
What's causing the price dip? It's been reported that BCH developers are fighting over the direction for the altcoin, which has been in existence less than a year.
Hoping to attract more users and enable more transactions, the BCH stakeholders appeared to be unified in their goal to boost the cryptocurrency's block size parameter. However, a few cracks started to pop up in this united front over the past year, as BCH developers had one technical disagreement after another.
Today Bitcoin Cash trades on various cryptocurrency exchanges such as B2BX, OKEx, Vebitcoin, and CoinEx. It has the total market capitalization of $8 billion. However, the price movement has been downward lately: there was a 31% fall in Bitcoin Cash price against the US Dollar in the last 7 days.
In case the bulls fail to gather momentum, there are chances that the BCH price will fall down to as low as $400.
What is the Bitcoin Cash price forecast? Here are the major technical indicators...
www.finstead.com/bit...on-September-18-2018
What's causing the price dip? It's been reported that BCH developers are fighting over the direction for the altcoin, which has been in existence less than a year.
Hoping to attract more users and enable more transactions, the BCH stakeholders appeared to be unified in their goal to boost the cryptocurrency's block size parameter. However, a few cracks started to pop up in this united front over the past year, as BCH developers had one technical disagreement after another.
Today Bitcoin Cash trades on various cryptocurrency exchanges such as B2BX, OKEx, Vebitcoin, and CoinEx. It has the total market capitalization of $8 billion. However, the price movement has been downward lately: there was a 31% fall in Bitcoin Cash price against the US Dollar in the last 7 days.
In case the bulls fail to gather momentum, there are chances that the BCH price will fall down to as low as $400.
What is the Bitcoin Cash price forecast? Here are the major technical indicators...
www.finstead.com/bit...on-September-18-2018