Shiba Inu vs. Bitcoin Cash: Who Wins in New Market Tussle?
Main Idea
Bitcoin Cash (BCH) has surpassed Shiba Inu (SHIB) in market capitalization, sparking a rivalry between the two cryptocurrencies as their market positions and performance are closely watched.
Key Points
1. Bitcoin Cash ranks as the 17th-largest cryptocurrency by market cap ($10.34B), while Shiba Inu is 18th ($8.93B).
2. Shiba Inu's price dropped 3.94% in 24 hours to $0.000015 due to profit-taking after a recent high of $0.00001598.
3. Bitcoin Cash, a Bitcoin fork with a larger block size, has seen three consecutive months of price increases since April, currently trading at $515 (down from a high of $553).
4. Shiba Inu derivatives market shows significant activity, with open interest suggesting potential price consolidation.
5. Bitcoin Cash's whale activity surged by 121%, indicating heightened trading interest.
Description
Market watching to see what comes next
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