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Usually I do not write about "pampas" and do not get involved in trading. However, the market is now a kind of revolution, and out of the ordinary "pampa" this can develop into a long-term trend.
The situation with Bitcoin Cash began against the backdrop of the cancellation of the Segwit2x. After this statement, the news was spread that the developers of Bitcoin Classic announced the closure of the project and called for the transition to Bitcoin Cash. . This news was designed for "shy" newcomers, which are worth noting a lot in this market.
The growth of Bitcoin Cash in the last few days is primarily due to a sharp increase in trading volumes of about 70% at the time of growth on the Korean Bithumb stock exchange.
Recently, coinmarketcap apparently broke the API which shows the share of trading on the Bithumb stock exchange. Can coinmarketcap disable Bithumb?
I have no doubt that such trading volumes on the Korean stock exchange are absolutely not natural and do not correspond to reality.
It is worth noting that the daily trading volume of Bitcoin Cash at the time of writing is higher than Bitcoin's, and is 10.8 billion!
Pay attention to the same screenshot, what is the difference in price between exchanges (because of all the same volume of trades).
That the price on all exchanges was approximately identical, can pass to several weeks, provided that the wrapping of volume of the auctions on Bithumb will stop. Such actions on the part of Bithumb definitely push the price up, attract new traders and, as a result, increase the capitalization of Bitcoin Cash.
The growth of capitalization attracts miners to switch to Bitcoin Cash.
The graphs show how hash rate Bitcoin falls, and the hash rate of Bitcoin Cash continues to grow.
https://www.coinwarz.com/network-hashrate-charts/bitcoin-network-hashrate-chart
https://www.coinwarz.com/network-hashrate-charts/bitcoincash-network-hashrate-chart
As you can see the hash rate Bitcoin cash has already exceeded Bitcoin's Hash rate.
Instead of concluding
If the hash rate bitkoyna will decrease in favor of bitcoin cache, which will occur in the event of an increase in daily trading volume and total capitalization. The revolution can be considered held. The situation is constantly changing and has already changed since the writing of this review.
By the way, Bitcoin's network does require scaling, today, amidst all the events, the number of unconfirmed transactions has exceeded 160,000. Is Bitcoin Cash the best solution, the topic of a separate conversation.
By the way, even today, on November 12, the main Bitcoin Gold network will be launched (one more bitcoin hard), at 19:00 UTC.
A source http://telegra.ph/Bitcoin-Sash-pamp-ili-novyj-trend-11-12-2
