Bitcoin SV has overtaken Litecoin and Tether in terms of capitalization. The token has fallen in price.
The cryptocurrency, which emerged from the Bitcoin Cash hardforward, climbed to the seventh position on the list of the largest blockchain projects
On Tuesday, Nov. 27, the popular cryptocurrency news site Coinmarketcap began displaying the capitalization of the Bitcoin SV fork, which emerged on Nov. 15 as a result of the Bitcoin Cash hardforward. The asset climbed to the 7th place in the list of the largest blockchain projects, ahead of Tether and Litecoin, today its capitalization exceeded $2 billion, after which it declined, it is now $1.8 billion.
In the past 24 hours, Bitcoin SV’s value has fallen 16%, from a high of $125 to $105. Despite that, the rise in the last four days – since November 23 – is 183.8%. Earlier, billionaire Calvin Ayre and Craig Wright, who lead the project, dropped the name Bitcoin Cash and said that a new bitcoin is being introduced under the new name, while simultaneously accusing Bitcoin ABC of violating the basic principles on which the cryptocurrency is built.
In the meantime, Bitcoin Cash is worth $177. It was trading at $630 on Nov. 7, and the asset has since fallen 72%.
Bitcoin SV compare with Litecoin
|Description||Bitcoin SV is a hard-fork of Bitcoin Cash, released in 2018 as an alternative to Bitcoin Cash ABC. One of the main developers of Bitcoin SV, Craig Wright, believes that Bitcoin SV is much closer to the original idea of Bitcoin than Bitcoin Cash ABC. The Bitcoin SV development team is focused on fast transactions. Their goal is to create opportunities to use bitcoins. Bitcoin SV has survived a series of delistings from several well-known cryptocurrency exchanges and has managed to maintain its high market position. Bitcoin SV is one of the top 10 cryptocurrencies by market capitalization and its daily trading volume is similar to its competitor Bitcoin Cash ABC.||Litecoin was created in 2011 by Google employee Charlie Lee. It is currently one of the largest cryptocurrencies by market capitalization. Litecoin was created as one of the first forks of bitcoin blockchain. It is also safe to say that Litecoin is one of the first altcoins. Although Bitcoin is based on the SHA-256 algorithm, Litecoin uses a lighter encryption algorithm.|
|Languages||No data||No data|
|Protocol||Public blockchain||Public blockchain|
|Current price (USD)||51.9900||59.3300|
|Price – Historic high (USD)||441.2000||375.2900|
|Price Change (24 hours)||-3.65||-2.43|
|Volume (24 hours)||18554849.08968||43061779.98001|
|Speed of Transaction / Time it takes to create a block||8||56|
|Transaction fee||No data||No data|
|Completely smashed in advance:||no||no|
|Smart contract address||Нет данных||Нет данных|
|Total coins minted:||18461214.58192||65464957.99676|