Bitcoin
BTC$41 899.34

-4.94%

Ethereum
ETH$2 868.68

-7.93%

Cardano
ADA$2.21

-1.36%

Tether
USDT$1.000855

0.04%

Binance Coin
BNB$346.29

-8.40%

XRP
XRP$0.923671

-6.99%

Number of Bitcoin Cash Whales Drops Following 39% Price Surge


10 Aug 2020   #Bitcoin

The number of Bitcoin Cash investors holding at least $3M dropped by 10 since Aug. 1 following the price surge to more than $311. Following a 39% price surge at the end of July, at least 10 Bitcoin Cash whales have left the network, possibly trading or selling their millions in holdings. 

According to Crypto Twitter user Ali Martinez, data from analytics site Santiment shows the number of investors holding between 10,000-100,000 Bitcoin Cash (BCH) — roughly $3-30 million — has fallen by 10 since Aug. 1. The drop comes after the token surged 38.7% from $224.46 on July 17 to a three-month high of $311.34 on July 31, implying that a number of whales could have sold their holdings.

BCH continues to be the fifth largest crypto asset by market capitalization at $5.6 billion, with Chainlink (LINK) trailing at $4.6 billion. At the time of writing, Bitcoin Cash is trading at $307.84, having risen 3% in the last 24 hours.

Adjustments to BCH difficulty algorithm


Bitcoin Cash uses the SHA256D algorithm — the same as that used by Bitcoin. However, its hashing power is less than 5% of that of Bitcoin, which has sometimes left it vulnerable to a 51% attack.

In response, the BCH community has floated changing the algorithm as part of the network’s November upgrade. Cointelegraph reported on Aug. 7 that developers have worked out a compromise between two proposed solutions. The network will implement the ‘Aserti3-2d’ difficulty adjustment proposed by lead BCHN maintainer Jonathan Toomin, and an infrastructure funding plan.

Source


Related

Bitcoin bulls make a run on $45K after Twitter debuts crypto tipping
Buyers have returned to cryptocurrencies
FBS Launches New Crypto Account with 100+ New Instruments
Bitcoin in good shape as long as BTC price stays above $40K
Is it a Buy-the-dip moment for crypto?
Bitcoin bounces to $43K ahead of fresh crypto comments from SEC Chair Gensler
Bitcoin loses $44K support as stocks, Evergrande nerves hit BTC price
Cryptocurrency market rebound dries up, alarmingly recalling 2018
Bitcoin sees quite healthy consolidation on $200M BTC options expiry day

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap Volume 24h
1 Bitcoin (BTC) BTC Bitcoin predictions 82.8% 27 $41 899.34 -4.94% -11.36% $788 750 305 790 $40 244 099 648
2 Ethereum (ETH) ETH Ethereum predictions 72.8% 49 $2 868.68 -7.93% -16.93% $337 514 704 145 $23 836 267 851
3 Cardano (ADA) ADA Cardano predictions 64.8% 78 $2.21 -1.36% -6.44% $70 707 217 846 $5 577 909 016
4 Tether (USDT) USDT Tether predictions 92.8% 1 $1.000855 0.04% 0.07% $68 651 337 758 $88 907 999 368
5 Binance Coin (BNB) BNB Binance Coin predictions 63.2% 78 $346.29 -8.40% -15.35% $58 223 895 709 $1 982 362 470
6 XRP (XRP) XRP XRP predictions 73.2% 48 $0.923671 -6.99% -12.99% $43 151 752 355 $4 555 191 572
7 Solana (SOL) SOL Solana predictions 60.4% 83 $136.79 -7.38% -1.67% $40 664 437 987 $3 870 822 815
8 USD Coin (USDC) USDC USD Coin predictions 94.8% 1 $1.000356 0.04% 0.03% $30 321 351 717 $3 755 736 180
9 Polkadot (DOT) DOT Polkadot predictions 66% 74 $30.15 -4.22% -10.16% $29 779 247 306 $3 578 542 275
10 Dogecoin (DOGE) DOGE Dogecoin predictions 62.8% 78 $0.206773 -7.12% -14.09% $27 173 987 970 $2 153 623 197
11 Avalanche (AVAX) AVAX Avalanche predictions 61.2% 82 $73.10 -4.94% 10.67% $16 103 697 591 $2 305 680 733
12 Terra (LUNA) LUNA Terra predictions 68% 61 $35.07 -0.28% 0.60% $14 030 135 734 $2 246 791 189
13 Binance USD (BUSD) BUSD Binance USD predictions 91.2% 1 $1.000247 0.03% 0.01% $13 471 537 116 $6 682 279 999
14 UniSwap (UNI) UNI UniSwap predictions 62% 74 $19.30 -10.07% -21.54% $11 806 392 734 $434 612 988
15 Algorand (ALGO) ALGO Algorand predictions 55.6% 89 $1.80 -8.40% -10.75% $10 273 694 698 $980 104 254

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2021 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.