Bitcoin Cash [BCH] back on fourth position after a whopping 38% hike over the week


The bear market recently let its guard down and led the way for a bullish market to take over. Bitcoin Cash too faced the generosity of the market after facing the burn from the vermillion market. BCH surged and by December 19, the token was on the sixth position.

However, it grew exponentially and reached the fourth position on CoinMarketCap. The hike registered by the coin over the past week was of whopping 38.12%.

Source: Coin Market Cap

Source: Coin Market Cap

According to CoinMarketCap, the coin was valued at $136, at the time of press, and with a market cap of $2 billion. The coin registered a 24-hour trade volume of $564 million, with a growth of 18.82% over 24 hours. The coin is not seen to settle and is seeing a gradual growth by 0.11% over the past hour.

As per the maximum trading volume, the coin was traded most on Binance, which registered $84 million in trade on the BCHABC/USDT pair. Binance was followed by Upbit, with a volume of $74 million on the BCH/KRW pair. The third in line was Huobi, which noted a trading volume of $64 million on the BCH/USDT pair.

BCH has gone from a loser in the market to the top gainer of the market on December 20. It has been facing a downward momentum over the past few weeks, as Bitcoin SV [BSV] and Litecoin [LTC] overtook the coin momentarily. BCH lost its position on the top-5 cryptocurrencies list during the BSV pump, however, it did manage to hold on to the top-10 list.

As for Litecoin [LTC], Charlie Lee, the creator of Litecoin, had predicted that LTC will overtake BCH in 2018. Lee, at the beginning of the year, had tweeted saying:

“The flippening (ETH>BTC) will never happen. But the flappening (LTC> BCH) will happen this year”.

The moment LTC crossed BCH, the LTC community expressed their joy through the flappening gifs and so did Lee. However, it was a short-lived prediction as Lee’s Litecoin is now on the eighth position while BCH is basking in the glory of its growth.

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