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Bitcoin Cash Outperforms Bitcoin & Altcoins Again, Reaches Resistance Mark
Published 21m ago via
BTC Wires via
Mar 23, 2019 11:00nbspUTC
| Updated:
Mar 23, 2019 at 11:00nbspUTC
Bitcoin Cash Outperforms Bitcoin Altcoins Again, Reaches Resistance Mark
BynbspPrashant Jha
This week the cryptocurrency space has seen two significant upward price rallies where most of the cryptocurrencies gain some upward movement. While most of the cryptocurrencies could not hold onto their gains, BCH had a different story, where it not only outperformed the pioneer Bitcoin but also touched the upper resistance mark. However, many analysts believe that $170 would be a key resistance point and the prices might take a U-Turn if the Bulls are not effective enough.
Generally its quite common for the crypto trade market charts to follow on the footsteps of the top crypto Bitcoin. It’s quite common that Bitcoin usually leads the sentiment and price rallies in the crypto space and same goes true with the downward spree. When the 2017 market drove the prices of crypto space to new heights Bitcoin was the biggest gainer, while the same pattern followed during the longest crypto winter where most of the altcoins along with Bitcoin lost almost 80% of their market valuation.
Well, many believe its the community of bitcoin cash and their long term goals. Roger Ver during his interview with BTC Wires very clearly said that he does not get bothered by the price and sentiment of the trade market, as the goal is not to become the highest valued cryptocurrency, rather its to become the most efficient and user-friendly crypto. Bitcoin cash network now offers tokenization, supports Dapp hosting and many new features.
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