seems like the bch pair has been accumulated and now moving higher.
grayscale is buying 1800bch per day on average during the last month while only 900bch are mined.
transactions per day have been going up from 20k to 90k
the noise.cash website getting some traction. I think price will follow
grayscale is buying 1800bch per day on average during the last month while only 900bch are mined.
transactions per day have been going up from 20k to 90k
the noise.cash website getting some traction. I think price will follow
Note
Maxis saying that the market has already decided that scaling on chain is less promising.But I think it is too early to say that because the btc fees has been moderate during the bear market. This is because there was less demand for blockspace and also higher throughput with segwit.
Only when blocks are full in btc and fees are high for a longer period, the market will truely decide if onchain scaling or scaling via multiple layers is more promising.
BCH remains a hedge in case that Lightning Network and other Layer 2 payment protocols not live up to their expectations.
Note
added to position in this dipNote
bch seems ready againTrade closed manually
market is tricky right now, booking some profitsTrade active
this is looking good again after a hidden bullish divergence as been formed in this correction Note
hit target1
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.