They have passed over 24 hours after splitting from Bitcoin, το παράγωγο νόμισμα Bitcoin Cash (BCC) κατατάσσεται πλέον σαν το τρίτο πιο πολύτιμο altcoin. Με ανώτατο όριο market over $7,7 billion, BCC trails only Bitcoin (BTC) and the Ethereum (ETH) after passing Ripple's $6,7 billion cap in the early morning hours.
In terms of its value, BCH or BCC tracks only Bitcoin, priced per unit over $520 (down from $755 in the first 24 hours).
You can give most of the rapid rally in price to the fork itself. After splitting the two cryptographies yesterday, the owners of the BTC received equal amounts of BCC. From there, they will have to decide whether to keep it, or whether to exchange it with another altcoin, or perhaps withdraw it in the form fiat currency.
For now, speculation seems to feed most of the development of the new currency. Some investors even sell BTC to buy the currency, as it seems to be equally valuable.
Fran Strajnar, Co-Founder and Chief Executive Officer of Brave New Coin, told CNBC:
No infrastructure available except framework to support the BCC. The network it needs further support and the infrastructure should be as easy as that of Bitcoin. Otherwise, Bitcoin Cash will run out.
In other words, an altcoin is just as valuable as investors deserve. This is often influenced by how easily it can be achieved, the currency's liquidity and how easily it can be used for real-world transactions.
We expect to see big fights in the coming days in the BCC market, and perhaps more generally in the market for cryptoscopes. To see if the new currency will be able to establish itself as a reliable currency on the world market