Litecoin (LTC) And Bitcoin Cash (BCH) Could Lose Their Positions Before 2019
Bitcoin Cash (BCH) has a similar but even riskier future. It is the fourth largest coin by market cap at the time of writing. I believe Bitcoin Cash (BCH) could lose its position earlier than Litecoin. Bitcoin Cash (BCH) came into existence as a hard fork of Bitcoin (BTC) and has ever since been projecting itself as a better, more advanced alternative of Bitcoin. Some people love to compare Bitcoin and Bitcoin Cash to Google and Yahoo but I just don’t think there is much substance to that analogy. As time goes by and Bitcoin resolves most of its problems, the need for such spin off coins is decreasing by the day. How Bitcoin Cash (BCH) still holds its position as the fourth largest coin by market cap is beyond my understanding.
The recent turn of events in the market has made investors a lot cautious. Even those used to chanting “to the moon” and “when lambo, sir?” are now extra careful when they try to invest in cryptocurrencies. The last few weeks have shown us what coins people are early to pick up as soon as they see signs of a recovery and what coins they are ready to dump the fastest as soon as they see signs of a fall. These are powerful indicators of what coins investors are trying to gather long term. According to our research in the past few weeks, we have seen that investors are the most eager to pick up Cardano (ADA) and Stellar Lumens (XLM) among other coins. This is no surprise when you consider the strong fundamentals of these projects. More surprisingly, Cardano (ADA) is currently the 6th largest and Stellar (XLM) is the 7th largest coin by market cap and would require little to no effort to take on Bitcoin Cash (BCH) and Litecoin (LTC) most likely before 2019.