BitcoinCash Climbing Up The Ranks

By lordneroo | Crypto Hustling - Airdrop Sniping | 10 Jan 2021

Good News

Apparently BCH is doing very well, sell walls keep moving North as people believe they will be able to sell their BCH at a higher mark later on, and this is basically driving the price upwards, as order books on Binance and Bittrex are too think above the $650 mark. Another factor indicating that it's only goin up for now, is the increase in total transactions we are currently witnessing, as you can see in the screenshot provided down below.

I do understand that people find BCH to be a valuable asset, but I think that read.cash and noise.cash are adding to it. A huge number of transactions is taking place daily on both platforms, and it's really refreshing to see BCH getting the recognition it deserves. For most of us, BitcoinCash is the next great thing in the cryptoverse, the train we didn't miss, the second chance to make up for not paying attention to BTC earlier on as we should have.

Not bad at all

Looks Promising

So BitcoinCash is currently climbing up the ranks on coinmarketcap.com, and then doing just on blocktivity.info at the same time is definitely a very positive sign, and those of us invested in the project are more than happy at the moment, and excited for the future. Can it really stop exploding once it eats up the next major sell wall around the $650 mark, with approximately 7,65 BCH waiting to be sold. But then again, those sell walls tend to move North during the bull market. And this is something I've witnessed BCH do quite often lately.

In the screenshot below, you can see the current market depth regarding the BCH/USDT pair on Binance. Things are looking really good below the $650 mark, so I expect BCH to bounce back somewhere below that level in the next 24-48 hours. Of course this is mere speculation, as this is actually a complex function, the most significant parameters of which are unknown. And this is why you should never take anyone's advice for your trading options.

What's Next

Only time will tell, but almost everyone I know of is bullish right now, and the market depends on the public sentiment. I think this is playing an important role, and also taking into consideration the fact that the vast majority of western governments are openly talking about their intention to gradually eliminate the physical use of money, I think it's safe to say that the cryptoverse is stronger than ever, and we can all be ambitious and optimistic for now.

Apparently what is bearish for liberty is bullish for the cryptocurrency industry, and people will soon start flocking in here when they realize that cryptocurrencies are the only safen haven there is for their hard earned funds. Governments looking to take absolute control, but the people still have an option, be it BTC, ETH or BCH. They just don't know it yet.

Thank you for your attention.

Just my two cents. This is by no means financial advice. Just sharing my personal views and experiences. Please do not take my word for your investment choices, and always do your own research.

Stay safe and have a good one,
@lordneroo