While Bitcoin is continuing its downward trend and sinking below the $4,000 margin, we have new winners featured in the latest crypto news on our website. This time, we are talking about Bitcoin Cash (BCH) and its solid performance this week.
In fact, BCH was seen to lead the surge among the top 10 cryptocurrency club, growing at 4% while Bitcoin fell back to settle at the $3,800 levels.
Currently, Bitcoin Cash (BCH) is trading at $168 and a total market cap that is short of $3 billion. However, the daily volume of $535.2016 million which was majorly shared by Upbit and Huobi was beneficial to the BCH transactions and was also what put this altcoin in the spotlight.
Recently, analysts tried to predict the future movements of Bitcoin and other altcoins. As the partner at Morgan Creek Digital Anthony Pompliano noted when talking about Bitcoin’s performance:
““I think our target from August of 2018 has been $3000, we came close once already, so we may just actually go back there or somewhere close. Along with that, over a long period of time, I tend to think that some of the bigger numbers that are thrown out will likely be accurate.”
“The Pomp” which is Pompliano’s nickname also said that he fundamentally believes that every stock, bond and currency is going to be digitized in the future.
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