Bitcoin Cash is major Bitcoin fork that hasn’t found its footing. It probably won’t.
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Approximate Market Cap: $8 billion
Year Established: 2017
Cost Per Transaction: Nominal
2020 Return: 77%
Score: ★
Bitcoin Cash came as one of the earliest (and most prominent) Bitcoin forks. Early on, it was also once the most successful. But today, it’s a shadow of its former self.
In 2017, as concerns over Bitcoin’s scalability mounted, Amaury Sechet and a group of programmers released Bitcoin Cash to compete. With a 10-minute block time and larger block sizes, BCH can theoretically process more transactions per second than its older rival.
From an investment standpoint, however, the fork has been a massive disappointment. Its improvements proved far too minor to excite investors, sending the price of BCH spiraling from a $4,355 peak in 2017 to just $700 or so today. Although BCH will likely ride Bitcoin’s coattails in the near-term, the coin remains a shadow of its former self. My recommendation? Sell BCH and find greener pastures.