Dino coins, a term used by cryptocurrency traders to describe older tokens that have survived through multiple bull/bear market cycles, have been surging higher over the past week as the momentum generated by spot Bitcoin (BTC) exchange-traded fund filings has moved beyond BTC to other tokens that have good decentralization, liquidity, and exchange support.
The top-performing dino coin has been Bitcoin Cash (BCH), a token that emerged from a fork of the Bitcoin network in 2017 after a disagreement within the Bitcoin community around increasing the block size to enable more transactions and increase scalability.
Data provided by TradingView shows that beginning on June 20, BCH price began to charge higher, stair-stepping its way from $105 to a high of $328 on Friday, an increase of nearly 212% over the past ten days. #DeFiChallenge
