Bitcoin Cash (BCH), which was formed by a hard fork from the Bitcoin (BTC) blockchain network, is no longer in the top 10. Developed based on the internet joke, Dogecoin (DOGE) surpassed BCH in terms of market value.
Cointelegraph Markets and CoinMarketCap data revealed that BCH fell to 12th place after being surpassed by both DOGE and Stellar (XLM).
BCH fired from top 10
For Altcoin, it lost its place to Binance Coin (BNB) last week. It was passed by Chainlink (LINK) in January.
At the time of the news release, BCH remained behind Stellar’s $ 8.63 billion and DOGE’s $ 9.59 billion market value, which rose 25 percent in the last 24 hours. Bitcoin Cash has a total market value of $ 8.48 billion.
As the first Bitcoin network grew stronger, BCH did not see any benefit from the claims it made. Altcoin’s advocates consider it a superior alternative to Bitcoin thanks to its faster and cheaper transactions. suggests.
DOGE is subject to criticism
DOGE has been on the rise, thanks to rapper Snoop Dogg and Elon Musk, who tweeted another tweet about his fondness for coins on Monday. In an interview last week, Musk already stated that he was a “supporter” of Bitcoin. had confirmed.
Saifedean Ammous, author of the “Bitcoin Standard”, unwittingly made a move to promote a cryptocurrency that has no function whatsoever. condemned.
“Wow, such ingenious humor! It takes incredible intelligence to appreciate the genius of promoting a scam to 40 million followers,” he wrote.