The use of Bitcoin Cash in trading has decreased markedly.

[Paha87]

A review of payments processed by the 17 largest crypto exchanges in the world showed that the use of Bitcoin Cash (BCH) in trading has decreased.

A group of analysts from Chainanalysis found that payments to BCH fell to $ 3.7 million in may from $ 10.5 million in March, while the volume of payments in bitcoins (BTC) in may was estimated at $ 60 million, compared to a maximum of $ 412 million in September. Kim Grauer, senior economist at Chainalysis, the company that provided the report, said in a telephone interview with Bloomberg:

"Bitcoin users less Cash, less than a handler."

This year the value of Bitcoin Cash has decreased by 75 percent, and bitcoin has fallen by approximately 55 percent. Grauer sees "concentrated ownership" as the reason for the low adoption rate of BCC, where nearly 56 percent of the cryptocurrency is controlled by 67 wallets that are not tied to exchanges.

At the same time, two wallets hold amounts ranging from 10'000 and 100'000 BCC. Grauer said it's possible that "the richest holders are the ones who send a lot of traffic to sellers."

The Bitcoin Cash network appeared a year ago after the hard fork of the bitcoin network. Although the launch of BCC has caused controversy in the community, the Vice President BTC.com on business operations Alejandro de La Torre said about the importance of fork:

The ability to create forks while maintaining the community is a great achievement. Providing much more bandwidth per block, first increasing it to 8MB and then up to 32MB. That extra volume is more than needed now, but BCC seems to be looking ahead and getting ready to handle large amounts of traffic. The larger block size also allows BCC to store more information in each transaction, providing space to write smart contracts at lower costs.

According to Coinmarketcap, even with the recent downturn BCC remains the fourth-largest cryptocurrency with a market capitalization of more than $ 9 billion. At the time of printing, BCC is trading around $ 522.\

Link to information resource -  https://altstake.io/news/ispolyzovanie-bitcoin-cash-v-torgovle-zametno-sokratilosy

[btyco]

It's being dumped due to the results of the stress testing which discovered that it can be classed as a centralised coin. It's just a forked shitcoin anyway, very overpriced and doesn't offer anything more than any other coin or fork

[Paha87]

It's being dumped due to the results of the stress testing which discovered that it can be classed as a centralised coin. It's just a forked shitcoin anyway, very overpriced and doesn't offer anything more than any other coin or fork

Most likely you are right, as such the coin has no value, it is a fork of bitcoin and nothing more.