In the last 5 days, Bitcoin Cash ABC (BCH) saw meteoric ascension claim its position over Litecoin which briefly surpassed the previous in terms of market capitalization on December 14, as previously prophesied by the founder of Litecoin, Charlie Lee.
Charlie Lee he said that Ethereum's chances of overtaking Bitcoin are almost nil, but they said there are more chances that Litecoin will outperform Bitcoin Cash. He went even further by stating that this would happen before the end of 2018. And faithful to his prophecy, the break-in occurred even if for a short time.
Since BCH witnessed BCH on December 15, the currency has risen from $ 75 to a maximum of $ 217 today, with a 166% increase in five days. In comparison, Litecoin, which also saw substantial gains of over 40% over the same period of time, can only sit back and look like BCH sores at higher heights.
BCH has seen significant price declines since the beginning of November, as investors were anticipating the divided between factions within the BCH community scheduled for November 15th. A hash war that followed during this period brought down the entire cryptocurrency to annual lows.
The rivalry between the two Bitcoin Forks (BCH and LTC) is both ideological and functional. Litecoin launched in 2014 is considered a compliment to Bitcoin while trying to position itself as a improvement of Bitcoin's functionality as a store of value and means of exchange.
Bitcoin Cash, on the other hand, is more an alternative to Bitcoin. Launched in 2017, BCH intended to represent the original vision of Satoshi Nakamoto as claimed by money advocates. More often than not, the BCH community has propagandized itself as the true Bitcoin community engaged in a campaign to confuse newcomers in cryptographic space. For example, they acquired the bitcoin.com domain name for this purpose.
Looking to the future, it seems that the decoration was not destined to remain. BCH seems to have regained his momentum after the hard crossroads and the only way to go now is forward.