$BCH
Bitcoin Cash (BCH):
Market Overview
Bitcoin Cash (BCH), ranked at No. 14 on the global cryptocurrency market, is a decentralized peer-to-peer digital payment system that emerged from a Bitcoin hard fork. Below, we examine its market performance and key metrics as of the latest update:
Key Statistics
1. Market Capitalization: Bitcoin Cash holds a market cap of $10.15 billion, reflecting its robust adoption and liquidity in the crypto market.
2. Fully Diluted Market Cap:
At $10.77 billion, this measure considers the maximum supply of BCH, showing its potential market size if fully circulated.
3. Market Dominance:
BCH accounts for 0.3189% of the entire cryptocurrency market, solidifying its place as a significant player.
4. Circulating Supply:
The current circulating supply is 19.79 million BCH, approaching its max supply of 21 million BCH, aligning with Bitcoin's deflationary economic model.
5. Total Supply:
The total and circulating supply match at 19.79 million BCH, indicating minimal, if any, locked or unmined reserves.
Historical Performance
Issue Date:
Bitcoin Cash was launched on August 1, 2017, following a split from Bitcoin aimed at improving transaction speed and lowering fees.
All-Time High:
BCH reached an impressive peak of $4,355.62 on December 20, 2017, reflecting the explosive growth during the 2017 crypto bull market.
All-Time Low:
Its lowest recorded value was $75.08 on December 15, 2018, likely a result of the broader market correction during that period.
Current Performance
As of this snapshot, BCH is trading at $519.5, marking a 17.08% increase in value, which could indicate growing interest or positive market momentum.
