Altcoins News

Bitcoin Cash SV performance analysis and its future

Following the nasty split that took place after the Bitcoin cash fork, Bitcoin Cash SV performance is shocking as the coin has been pushing its way through the top as the coin currently stands as the 7th cryptocurrency in terms of market capitalization.

The coin is currently trading at a 1 week high of over $110 after gaining over 75% in the past 24 hours. Given the bullish trend the coin is showing, we can expect to see the coin continue to accumulate more gains before seeing another correction.

This jump in price is coming just days after the main supporter of the fork, Craig Wright seems to have backed down from one of the nastiest fork wars we have seen in the space. He released this in a tweet where he said Bitcoin Cash SV is now have passed the fork and they will leave the market to decide while they focus on building applications for businesses.

The Future of Bitcoin Cash SV

He also went to Medium to state his vision for Bitcoin SV where he forecasts 6.5 million transactions per second within 3 years and sees Visa, Mastercard, and Swift using Bitcoin SV in the coming years.

“In 2 to 3 years we expect to be at a capacity of 2 to 4 billion transactions a block, that is 6.5 million transactions a second. This is also Visa, MasterCard, banking in SWIFT, and ALL global currencies in under 15% of a block. And this is the start.”

With a 10,26% increase in the past hour, Bitcoin Cash SV performance among the top coins makes it the best performing cryptocurrencies among the top coins with all other coins currently in the red.

It is not yet clear what is causing these bullish movements. However, many point it to Craig’s vision on the coin after the split and the fact that he has pulled out from the hash rate war which Bitcoin Cash SV seemed to be losing.

With Bitcoin SV now standing as an independent coin, what are your thoughts on the coin’s future?

Let us know in the comment section below.

Leave a Comment

Your email address will not be published. Required fields are marked *