Bitcoin Cash (BCH) has plateaued. In the past 30 days, its price-per-coin has only grown 35% higher. Compare that to the 136% gain experienced by Ripple (XRP) during the same time period. A while ago, XRP pushed BCH out of its 3rd place spot on the list of most valuable cryptocurrencies. But Bitcoin Cash has held strong in 4th place. Even though its price growth has stalled, its transaction volume is on the rise:
Daily Transactions continue to grow at a rapid pace.
300% growth in 3 months. #Adoption
2018 will be the year of Bitcoin Cash.
— Bitcoin Cash (@BITCOlNCASH) January 13, 2018
Bitcoin Cash transactions have quadrupled in just three months. Sure, that’s a positive signal for future growth. But what about BCH’s claim? Do you think that this coin will be the most important of the year?
Will Bitcoin Cash (BCH) Really Steal the Show in 2018?
Cryptocurrency enthusiasts have been speculating that BCH may eventually take over and be the new Bitcoin. But, to be fair, we’ve also heard that about pretty much any altcoin that breeches the top 10.
Bitcoin itself, however, hasn’t been having the most impressive growth lately. Check out its path over the last 30 days:
Sure, BCH has a pretty similar-looking chart – and its price growth has tapered off a bit recently. But BCH has some very serious advantages over BTC, which the Bitcoin Cash protocol is based on. You may remember a ton of commotion back in summertime, when BCH was first launched after being forked from the Bitcoin blockchain.
Well, the younger coin has made some improvements. I could list them out, but I will let it explain it to you. They keep this photo pinned to the top of their twitter feed:
— Bitcoin Cash (@BITCOlNCASH) September 29, 2017
Yeah, it has much faster payments and lower fees. It’s also much more scalable. It makes you wonder why Bitcoin (BTC) has managed to maintain its dominance for so long, especially with other quick, cheap options like Ripple (XRP).
But if BCH has more efficient underlying technology, why has its price growth gotten stuck in the mud?
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.