Stellar Edges out Bitcoin Cash from the Number 4 Spot on Coinmarketcap

[Leonardo]

Users of Coinmarketcap.com have realized that the online platform has chosen to assign the original ticker of Bitcoin Cash (BCH) to the ABC camp in the ongoing Hash Wars. Other platforms such as Binance, have opted to distinguish between the two camps by assigning BCHABC and BCHSV respectively.

XLM Edges out BCH on Coinmarketcap
With the above background explaining which Bitcoin Cash is currently being tracked on Coinmarketcap.com, we can continue to state the observation that Stellar (XLM) has edged out BCH from the number 4 spot. A screenshot has been provided below for a better visualization of the situation.



Will XLM Hold On to the Number 4 Spot
Doing the math, only $16.34 Million in market capitalization separate the two prominent digital assets. This amount is significantly small given that today the markets have dropped tremendously in value. We have BTC at $4,383 and the total market capitalization at new low levels of $141.9 Billion.

What we can predict is the following two situations in the next few hours or days.

Firstly, XLM might maintain the number 4 spot based on the fact that the crypto market looks set for further decline into the weekend. When such events occur, XLM and XRP have proven to be least affected by the current market turmoil. Therefore, it is highly probable that Stellar (XLM) will maintain the number 4 spot into the weekend.

The second situation is where the market slightly recovers after the Thanksgiving holiday that was yesterday, the 22nd of November. One can argue that many traders who celebrate the holiday, were away from their trading monitors and more concerned with spending valuable time with their families than the price of BTC. Today being Friday, the traders might wake up and want to cash in on what Crypto Twitter has called the mother of all Black Friday Sales that is evident in the Crypto Markets. Every coin and token is between 70 and 90% discounted from their All Time High values.

One such tweet can be found below.

https://twitter.com/Binoption_Net/status/1065801037330542593

Source: https://ethereumworldnews.com/stellar-xlm-edges-out-bitcoin-cash-bch/

[valer4ik]

Stellar is actually the same cost-effective and fast transaction technology as that of Ripple, but without excessive centralization, verification, and the piggy of the banking system, which simply visibly sticks out from Ripl.

 

Bitcoin Gold - yes, just fork is a bit and no more, but it is very popular among GPU miners on Nvidia cards, because it has remained one of the few more or less profitable coins for vidia.

[jyotianand01]

Stellar is a strong coin and it is in the top 10 coins list of coinmarketcap and all top coins have highest trust of investors.

[chaves05]

when bitcoin cash does hardfork, bitcoin cash experiences a loss of transaction volume because the exchange does not provide bitcoin cash. so the cause, the volume of bitcoin cash moved to hardfork coins, namely bitcoin cash SV and bitcoin cash ABC

[ZionRTZ]

Stellar once again has overtaken Bitcoin Cash. The gap is not that big but it is interesting to see nonetheless. If more projects will move to the Stellar platform, then it might leave Bcash for good.

[Purwodadi]

it is absolutely true that stellar is aligning with BCH, and I think that is very good and I think that it will be able to improve the future of stellar coins to be better going forward.

[Puncak_pelangi]

stellar is very good indeed and I really believe that it will be able to align with BCH, and that is a very good thing for the future.

[rizky130399]

stellar is very tempting for investors because it has the top 10 cmc ranking so it is good for long-term investors