Bitcoin Cash flew out of the top ten cryptocurrencies The Bit | DeFi - news, reviews, articles

Bitcoin Cash flew out of the top ten cryptocurrencies

The Bitcoin Cash (BCH) cryptocurrency is doing badly, it has been suffering losses over the past few days. Today, this coin took off from the top ten largest digital currencies, knocked out of the top Dogecoin (DOGE) rating.

In the afternoon of this day, the BCH rate fell to $ 464. Altcoin capitalization fell to $ 8.66 billion. DOGE, on the contrary, is gaining in value today, altcoin has already risen in price to $ 0.076.

Bitcoin Cash backers periodically advertise their digital currency and present it as an alternative to Bitcoin. However, interest in this asset remains very weak. Even statements about the growth of transactional activity on the network do not convince the crypto community to buy BCH.

Back in August last year, trader Ali Martinez drew attention to the fact that the "whales" are getting rid of Bitcoin Cash en masse. In just a few weeks, the number of investors holding from 10,000 to 100,000 BCH in amounts ranging from $ 3 million to $ 30 million has dropped sharply.