- The end of 2017 witnessed a good recovery for the BCH price and it was the time when it reached its zenith as high as $3923 mark.
- Last year the growth rate was almost double and they have actually reached the pinnacle of their glory if the data of the last five years is considered.
- Bitcoin had emerged as the most prestigious crypto-asset but the basic technology behind its mechanism is the same as in BCH.
Bitcoin Cash has seen innumerable developments in the past couple of months but despite many attempts to revive the entire Ecosystem, Tether again emerges victorious in the game of the most dominant stable coin globally. Tether again outshines BCH in the overall market cap.
The end of 2017 witnessed a good recovery for the BCH price and it was the time when it reached its zenith of as high as $3923 mark.
Unfortunately within a couple of weeks, the price was trapped in a downstream maze and if reached the nadir of his price history soon. For now, the price is revolving around $220.40 zone amidst various optimistic expectations of the users who are hopeful to see an upward slope soon.
Roger Ver, CEO Bitcoin.com and an active proponent of Bitcoin Cash, in an interview, claimed that Bitcoin and Bitcoin Cash are both on an upward flight with an upward slope. Last year the growth rate was almost double and they have actually reached the pinnacle of their glory if the data of the last five years is considered.
Ver, who is also called Bitcoin Jesus as he was among the first to show zealous interest in BTC is sure that BCH price will escalate soon and further added that ‘peer to peer translation ‘ will add to its value.
” I think BCH has the ability to go up a thousand times where it is currently because it’s looking to become peer to peer electronic cash for the entire world”
In the interview, he also clarified the rumour about his switching from BTC to BCH due to a quicker pace comparatively of the latter. Ver said that he is still stable with BTC and has not switched anything.
He said that he is still a great fan of the Bitcoin mechanism due to its peer to peer translation facility, highly decentralized nature and the best part being the uncontrolled and uninfluenced nature of the entire blockchain which in no way can be influenced by an individual.
He further said that Bitcoin had emerged as the most prestigious crypto-asset but the basic technology behind its mechanism is the same as in BCH. He argued that BCH has a good number of investors as it is the right hand of the technology bitcoin took birth by. This makes BCH a potential asset and a latent resource in the crypto-verse in the time coming.
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