[ad_1]
Bitcoin Cash’s latest hash war may have canceled Bitcoin Cash ABC (BCHA), but the BCHA faction is not dead yet
Bitcoin ABC coin just recorded a 62% price increase as the developer tries to introduce a new version of the client. The new update will reportedly contain stability-oriented fixes for the BCH client forks.
Crypto analysts believe the update will revive Bitcoin Cash ABC which was hugely successful in the hash war. A large percentage of crypto community members thought the hashing war had marked the end of the coin. However, this was far from true as the coin is keeping pace.
Data from CoinMarketCap shows that the coin started trading at $ 19.28 today. Its price dropped slightly to around $ 15 five hours later. The coin has since managed to get back on track and is now trading at $ 19.97 with a 24-hour volume of $ 1,394,300. BCHA’s 24-hour low / high is currently $ 12.81 / $ 22.99.
Over the past 24 hours (ending at 7:00 GMT), the coin’s price has risen from $ 12.27 to $ 19.9, resulting in a 62% rise. The rebound is a huge relief for its holders as it gives them hope that the coin will not be abandoned. On the other hand, Bitcoin Cash Node (BCHN) is currently trading at $ 248, having lost 3.125% in the past four hours.
Amaury sechet published yesterday on Twitter promising that he would stay committed to the ongoing project and the Bitcoin ABC community has shrunk significantly.
“The BCHA crowd is the most incredible cryptocurrency crowd, without a doubt. The fact that it is small, however, says more about crypto than anything else. There is nowhere else I would rather be,” he wrote .
Bitcoin Cash ABC faces many obstacles as it tries to take the right path. The coin has already lost the right to the Bitcoin Cash tag and the BCH ticker symbol. Even more damaging, only a few blocks have been added to its chain since the hard fork occurred.
There is a small positive outlook, however, as its recent block contained a larger number of transactions. The BCHA block contained approximately 14,000 transactions, a significant increase over the previous block’s 1,674 transactions. The recent block also had 0.9 BCHA (which translates to around $ 19) in transaction fees.
[ad_2]Source link
