Bitcoin Falling and
Bitcoin Cash Growing
Bitcoin
was giving good figures this month until recently that it suffered a strong
fall whereas its friendly cryptocurrency was not affected in this diminution
that there were of digital currencies. Last week Bitcoin was worth almost $
4,500, however, today suffered a fall that took it to $ 3 600 and then
stabilized at $ 3,900. This fall not only affected Bitcoin but also other
cryptocurrencies. Meanwhile Bitcoin Cash was not hurt by this low and increased
to more than 8 percent of its old price to be at $ 693.
The
biggest digital fork in the world is surprising everyone with its rapid
increases. It already surpassed the Ethereum but still it stays in the weave
place since another of its competitors managed to reach a higher price.
However, Bitcoin manages to stay high with a price very close to $ 4 000.
Despite the ups and downs the best Bitcoin rate is still higher than the other
cryptocurrencies. Bitxoxo, a Bitcoin exchange in India is the protagonist in
maintaining that best Bitcoin rate.
Taking
advantage of that Bitcoin lowered of price many people buy Bitcoin to have more
and others to begin to invest in the digital currency since it is very probable
that it returns to increase of price soon, perhaps this same week.
Tracking
with the block chains and the new SegWit security system may be one of the
causes that caused prices to fall because in some countries transactions may be
slower than in others and this causes demand to fall and by So the price.
However, there is good news to solve this situation and is that Bitcoin Cash
already has its own Blockchain and this will allow more transactions to be made
in the same or less time.
Many
analysts have given predictions about the digital currencies and several of
them assert that the Bitcoin will reach $ 6 000 and the Bitcoin Cash to $ 1 000
by the end of the year. The fact is that these prices are not very far from the
reality and there is a high probability that these digital coins reach these
prices. For both would be a great advance because more people will want to join
the cryptocurrency revolution.
No comments:
Post a Comment