Bitcoin Cash Growth and Fall (BCH) and Bitcoin Cash Sv: Story of two forks
Ethereum, Market value, was at the center of a controversial debate in the cryptocurrency community. The most significant two Ethereum forks are the Bitcoin Cash (BCH) and Bitcoin Cash SV (BCH SV), which have fascinated investors with their growth potential. Despite both coins that meet significant prices before the fork, they later dropped after the event.
BCH’s first days
Bitcoin Cash was launched in August 2017 as a result of the hard fork in Ethereum. The original bid for coins (ICO) has raised $ 36 million and has raised interest from investors around the world. As several users have introduced a new network, the price began to grow constantly. By the end of 2017, BCH has gained a significant attraction, reaching a maximum of $ 2,900 per coin.
Growth BCH SV
In October 2018, a group of developers created a harsh fork from Bitcoin Cash Blockchain, which led to the launch of Bitcoin Cash SV (BCH SV). BCH SV is designed to respond to the original BCH presented by users and investors. The new protocol has introduced a number of key updates, including the improved scalability and efficiency of the trade.
Price Increase
Before the hard fork, Price Bch has constantly grown from its icon in August 2017. During the months that offered a hard fork, the price rose from about $ 200 coin over $ 2,400 per coin, an amazing addition of 1.800%. Many investors were happy for the fast growth potential and speculated that the BCH SV also had significant income.
Force collapse
As soon as the BCH SV was launched in October 2018, its price began to decline. The original feeling given by some investors revealed and the basic elements of the currency have been revealed. Although it is true that the BCH SV has returned some of the lost countries since then, the overall picture is still in contact.
Analysis: What went wrong?
So what led to the sudden collapse of BCH after a hard fork? A few factors have influenced this phenomenon:
- Lack of clear details : The developers behind the BCH SV did not provide enough information about the progress plan and their future plans, where many investors question their intention.
- Scalability Problems : Some users have stated that they have difficulty in the scalability of the new protocol, which could have limited its deployment and approval.
- Competition of other coins : Setting other altcoins, such as Monero (XMR) and Ethereum Classic (etc.), drew attention from BCH SV, possibly by sipping investors’ interest.
conclusion
The story of Bitcoin Cash and Bitcoin Cash SV is a cautious story for investors who want to jump into the cryptocurrency world. Although both coins have registered significant price increases before the hard fork, their subsequent invoice is a reminder that investments in cryptocurrency should always be made with caution and thoroughly.
In this case, the lack of clear details of the developers’ BCH SV could have affected the uncertainty of investors, leading to the collapse of its price. As investors are browsing the rapid development of cryptocurrency, it is necessary to approach each currency with a critical eye, taking into account both growth potential and its basic elements.
Disclaimer: This article is only for information purposes and does not provide investment tips.