On Thursday, Stellar (XLM) briefly passed Bitcoin Cash (BCH) in market capitalization to take fourth place on the popular cryptographic data site coinmarketcap.com. In a short time, the market cap of $ 3,134,759,555 of Bitcoin Cash has regained the fourth place ahead of $ 3,126,604,138 of Stellar. But if you like flippenings, break popcorn because they're head to head.
The recent spin-off of Bitcoin Cash into Bitcoin Cash ABC and Bitcoin Cash SV has meant that both chains seem vulnerable in the comparison of market capitalization. At $ 1,624,205,228, Bitcoin Cash SV is currently in strong ninth place ahead of Cardano (ADA).
But the combined market capitalization of the two chains is significantly lower than the pre-fork numbers, as Bitcoin Cash met before the fork, but then fell below pre-rally prices. Even the combined post-fork price suffered. While the hashwar between the two factions continues, we may see further drops in the joint market capitalization.
From the Bitcoin Cash fork, there has been some confusion and uncertainty about which chain should also get the designated Bitcoin Cash (BCH) designation or whether new designations will arise for both. Coinmarketcap.com recognized Bitcoin Cash ABC as BCH and designated Bitcoin Cash SV as BSV on its site, but it is not universal in cryptoland.
This junior flippening refers to the recent overshadow in the market capitalization behind the venerable Bitcoin (BTC) when Ripple (XRP) took over the long standing position of Ethereum (ETH). The recent weakness of Ethereum in the market has caused the yield to Ripple. The XRP has seen some strength in the market and does not seem willing to leave its place for some time.
With the market that is attempting a reversal of trend and a continuous conflict between the factions of Bitcoin Cash, we can expect a little to boil and boil in the top 10 of the market capitalisations.