1,053% Bitcoin Cash rally could be a testament to your risk tolerance

was one of the most successful forks at one point in time. Not to forget, the altcoin was hitting the highs of $1,550 as of last May.

While many altcoins have already recovered their June losses, BCH is struggling to follow the path of recovery.But it’s not just the price action that is indicating a difficult recovery, the network statistics point in the same direction. On-chain, the number of transactions per day has declined from the highs of almost 361k to just 31k as of 15 August.Investors’ lack of interest and the consistent drawdowns combined with the weak recovery has led to lower network participation despite the mild rise noted over the last two months.

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Bitcoin Cash [BCH]: Despite rally, on-chain activity tells a different taleTrading at above $24,000 at press time, the king coin Bitcoin (BTC) appreciated by over 20% in the past month. Understandably, the rest of the market followed its lead, with most cryptos hiking too. Bitcoin Cash (BCH) was no exception to the same, rallying by 40% in the last 30 days. Price goes right, volume […]
Source: CryptoAmb - 🏆 22. / 68 Read more »