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Bitcoin Cash has recovered its position on Litecoin, of market capitalization, following the meteoric gains in sync with the latest market waves. Roger Ver can once again claim singing rights from Charlie Lee.
LTC fans eagerly awaited the ascension of the currency over BCH, coming to the point of building a website dedicated to monitoring the event. And, shortly on December 14, Litecoin had surpassed its rival Bitcoin Cash as prophesied.
Bitcoin Cash was beaten following the Bash Hash wars, allowing Litecoin to gradually outperform the tired currency. When Bitcoin Cash and Bitcoin S.V. divided, had lost much of its value because the community and the price were divided between the two bifurcations.
Recently, however, Bitcoin Cash has seen a rebirth. The cryptocurrency rebounded 70 percent from December 15th, rising from $ 82 to $ 140.
What is Flappening doing?
"Flappening" is an early word play "flippening," where is it Ethereum would exceed Bitcoin's market capitalization.
Although such an event has never happened, Litecoin enthusiasts have adopted the terminology embodying its founder, Charlie Lee, in the term. Lee's nickname and online character as & # 39;ChikunIt makes the appropriate vulgar.
Rivali hatched
The rivalry between LTC and BCH is both functional and ideological. From a functional point of view, both cryptos aim to act as a medium of exchange, offering an improvement over the role of Bitcoin as a "reserve of value".
Both coins diverge, however, in their interactions with the Bitcoin community. Litecoin proposes itself as a complement to Bitcoin, with some calling Litecoin "the silver for Bitcoin gold".
In some cases, Litecoin acts as a test network for updates before they go live on the main Bitcoin network, providing testing ground for the more conservative Bitcoin protocol. Because of these synergies, both communities tend to interact harmoniously.
Meanwhile, Bitcoin Cash claims that the anonymous creator is the "Bitcoin" version Satoshi Nakamoto he had imagined, like peer-to-peer electronic money.
To this end, Bitcoin Cash launched a marketing campaign, leaving some users confused. BCH acquired the bitcoin.com domain name and brought his presence to the r / Bitcoin Reddit community. Many Bitcoin enthusiasts have found unpleasant activities.
Recently, Bitcoin Cash has been able to take full advantage of the market's expansion and recover from the recent fork. Now that Bitcoin Cash has quietly recovered its place as number four by market capitalization, with Litecoin sitting the eighth time, he will say if Bitcoin Cash remains unperturbed.
Disclaimer: The opinions of our writers are exclusively their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate approve any projects that may be mentioned or linked in this article. Buying and exchanging cryptocurrencies should be considered a high-risk activity. Please do your due diligence before taking any action related to the contents of this article. Finally, CryptoSlate assumes no responsibility in case of loss of money in the trade of cryptocurrencies.
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