The Bitcoin Cash altcoin has experienced a hard fork in recent days, which has led to the creation of Bitcoin Cash ABC (BCHA). After a rough start, this new altcoin seems to be starting to consolidate.
Bitcoin Cash ABC offers a new customer
The pass of arms between Bitcoin Cash Node (BCHN) and Bitcoin Cash ABC (BCHA) had been brief, but brutal. And it is the first that won the “ticker ” war: most exchanges now list this implementation under the name of Bitcoin Cash (BCH). Bitcoin Cash ABC had much less support from miners and the crypto community as a whole, but altcoin is hanging on.
Proof of this is the release of a new client for Bitcoin Up. This improves the stability of BCHA and BCHN after the major update they have just experienced. However, the new altcoin is not at the end of its troubles. The network has experienced a big slowdown since the hard fork, and far fewer blocks have been produced than on Bitcoin Cash Node. Mining pools are also less numerous.
Bitcoin Cash ABC’s price on the rise
But what gives hope to the Bitcoin ABC community is the rise in the price , which has taken place since the hard fork. The numbers still vary greatly from one exchange to another, but the price of BCHA showed an increase of + 134% on Poloniex over a little over a day:
The price of altcoin seems to have consolidated around 23 to 25 dollars , if we are to believe the data of the aggregator CoinGecko, which fixes the progression of the BCHA at + 46% over the last 24 hours. Will this be enough to keep this hard fork going? It is still too early to tell. For comparison, the Bitcoin Cash Node is currently at around $ 247 on Binance . Everything remains to be done for Bitcoin Cash ABC.