BitcoinCash Correlation

By Steve Hodl | My Path To Fire | 31 Mar 2022


Are you holding BCH in your portfolio or earning BCH? There have been some positive movements in the crypto markets in the last weeks. Let us take a look at how BCH has performed in relation to the blue chips and which would be best to hodl.

How has BCH performed in the recent run-up compared to Bitcoin and Ethereum?

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That is a very nice 26,1% return in the last month. But how has it compared to Bitcoin and Ethereum?

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Bitcoin has performed pretty much the same with 26,2%. How does this compare to Ethereum in this recent run-up?

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We can see Ethereum has performed slightly better with 30,8% and looks on a tear.  All 3 look very strongly correlated. Does it make sense to hold all 3 then? Or which would look to perform the best in the future?

Bitcoin has the largest market cap and Ethereum is second, so this could be a big advantage over BitcoinCash.

USDT which has the 3rd largest market cap, but is far behind Bitcoin and Ethereum, has the largest volume, which could also be an advantage to hold but has a gain of 0% in the last month. So the return would be far below the other 3.

BCH is -89,2% from its ATH 4 years ago of €3187,12, this is compared to BTC which is -28,5% from its ATH 5 months ago of €59716,82 and ETH which is -27,2% from its ATH 5 months ago of €4228,93. This could be an advantage or disadvantage for BCH in that there could be potentially more upside or there could be some other reason why it decoupled from BTC and ETH reaching a new ATH 5 months ago?

What do you think, has BCH got more upside than BTC and ETH?

Thanks for reading.

Chart data are taken from Coinmarketcap.com

 

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Steve Hodl
Steve Hodl

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My Path To Fire
My Path To Fire

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