Over the past few days, the cryptocurrency market seems to be flourishing after suffering a long bleeding market. Bitcoin Cash [BCH], which was overtaken by Ethereum [ETH] in terms of price, has bounced back and has climbed up the ranking ladder. BCH now ranks sixth on the major cryptocurrency list.
As per the data acquired from CoinMarketCap, BCH was valued at $117.06, with a market cap of $2 billion. BCH has now successfully overtaken ETH in terms of price, as the third-largest coin, which is valued at $103.79. BCH registered a 24-hour trade volume of $290 million, with a massive growth of 28.94% over 24 hours. BCH has registered an overall growth of 14.87% in the past one week. At the time of press, the coin noted a growth of 1.60% over the past hour.
According to the maximum trading volume, Upbit registered the maximum volume of trade, $36 million with BCH/KRW pair. Upbit was followed by Binance, with a trading volume of $33 million with BCHABC/USDT pair. The third place was taken by Huobi exchange, which registered $28.8 million in trading volume with BCH/USDT pair.
BCH has been facing many challenges over the past few weeks, as BSV and LTC overtook the coin. The coin was most impacted by BSV pump as the coin slipped from the top-five spot and managed to stay in the top-10 powerful cryptocurrencies list.
Charlie Lee, the creator of Litecoin had predicted the change in the standings of LTC and BCH which came true recently with LTC overtaking BCH and proving the ‘Flappening’ true. 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 lost it and 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.
The post Bitcoin Cash [BCH] surges by massive 28.94% over 24 hours; climbs to sixth position in top-10 list appeared first on AMBCrypto.