Home / Bitcoin / Stellar (XLM) Take out Bitcoin Cash (BCH) from Point 4 Spot on Coinmarketcap

Stellar (XLM) Take out Bitcoin Cash (BCH) from Point 4 Spot on Coinmarketcap

Coinmarketcap.com users realized that the online platform chose to assign the original Bitcoin Cash (BCH) ticker to the ABC field in the current Hash Wars. Other platforms such as Binance, have chosen to distinguish between the two fields by assigning respectively BCHABC and BCHSV.

XLM projects BCH on Coinmarketcap

With the background above explaining which Bitcoin Cash is currently being monitored on Coinmarketcap.com, we can continue to declare that Stellar (XLM) has eliminated BCH from step 4. A screenshot has been provided below for a better view of the situation.

XLM will keep the Spot number 4

By reckoning, only $ 16.34 million market capitalization separates the two important digital assets. This amount is very low given that today the markets have lost enormously in value. We have BTCs at $ 4,383 and total market capitalization at new low levels of $ 141.9 billion.

What we can predict are the following two situations in the next few hours or days.

in the first place, XLM could retain the number 4 based on the fact that the cryptography market looks set to fall further over the weekend. When such events occur, XLM and XRP have been less affected by the current market turmoil. Therefore, it is highly likely that Stellar (XLM) will retain point 4 on the weekend.

The second situation it's where the market recovers slightly after the Thanksgiving holiday that was yesterday, November 22nd. It can be argued that many traders who celebrate the party, were far from their commercial observers and more concerned with spending precious time with their families than the price of BTC. Today, Friday, traders may wake up and want to cash out what Crypto Twitter has called the mother of all Black Friday sales that is evident in the Crypto Markets. Each coin and token is discounted between 70% and 90% compared to the All Time High values.

One of these tweets can be found below.

What are your opinions on Stellar (XLM) that is cutting Bitcoin Cash (BCH)? Let us know in the comments section below.

Disclaimer: This article is not intended to give financial advice. Any other opinion present here is purely that of the author and does not represent the opinion of Ethereum World News or one of its other writers. Perform your research before investing in one of the many cryptocurrencies available. Thank you.

Source link