Bitcoin SV overtakes Bitcoin Cash: Fork War takes another twist
|- Bitcoin SV is the only green altcoin in the sea of red.
- The coin takes the 5th place in cryptocurrency rating.
Bitcoin Cash ABC and Bitcoin Cash SV born as a result of Bitcoin Cash hard fork hard fork continue to compete for the community. Right after the split, Bitcoin ABC won popularity and was accepted by some major exchanges as a legit successor of Bitcoin cash. Bitcoin SV looked like an outsider until Craig Wright and the team behind the project announced that they would not lay claims on Bitcoin Cash brand and focus on their own path of development instead.
This decision increased coin's credibility and catapulted it to the 7th place in the global cryptocurrency rating. Since that time Bitcoin SV has been doing better relative to Bitcoin ABC (now quoted as BCH on many exchanges) and finally overtook its rival by market value.
Currently, Bitcoin SV takes the 5th place with capitalization $1.88B and an average daily trading volume nearly $300M. Moreover, this coin gained 20% in the recent 24 hours while other altcoins incurred double-digit losses.
BSV is changing hands at $108.76, off the Asian high reached at $113.67. The coin demonstrates positive momentum amid growing trading volumes, though the fundamental reasons for this abnormal growth are not readily available.
BCH has a market value of $1.83B and sits at the 7th place. The coin is trading at $104.00 at the time of writing, down over 16% on a day-to-day basis.
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