BitCoinCash Is Ignoring The Dip

4 44
Avatar for Amback_forgood
2 years ago

Hey Howdy fellas, how are we all doing??? Don't have much time so I'd love to go straight to the point...

I have come to realize that Bitcoincash doesn't have that much circulating supply....

And you know what's more interesting? BitCoinCash circulating supply is almost the same as that of BitCoin you can just call them the same coz its just a little bit difference....

They both have 19million unit and its the same max and total supply based on my little research, and this is even more interesting than I think don't worry I'd give more details...

BitCoin

screenshot from coingeko

Take a look at the circulating supply and also take a look at its max supply....

  • Circulating supply: 19,011,318

  • Total and max supply: 21,000,000

Ok for that of the circulating supply we can call it nineteen million, and for that of the max supply its twenty one million.....

And wait there is something I have been asking myself, though I haven't made any research about it, its just a thought....

Is it possible for Bitcoin or BitCoinCash to burn some coins??? Like to reduce from its circulating supply?? Yea we know the lesser the supply the higher the coin can go... Well I believe BitCoinCash would eventually hit $10k someday and it would get past that even without a coin burn... I know BitCoinCash Is not BitCoin but I believe it would definitely do some miracles someday....

BitCoinCash

screenshot from coingecko

If you take a look at the circulating supply and the max supply you'd know there is just a slight difference from that of BitCoin, but the max and circulating supply is actually the same....

  • Circulating supply: 19,036,156

  • Total and max supply: 21,000,000

Ok I believe y'all have seen what am talking about, within the past 24hrs BitCoinCash has been slowly increasing in price though it has gotten to its high resistance level which is around $380, if am correct its low resistance level should be around $290....

While everything turned red BCH turned around and it has been up about 20% within the past 24hrs...

screenshot from Coin market cap

Currently BitCoinCash is at $344 ( based on Coin market cap) and the highest it has gone within the past 24hrs is $352 while its lowest is actually $306...

BitCoinCash has been maintaining its track and it doesn't seem like it would Dip at any moment ( am not sure) but I believe if it can get past its resistance level it could break the $400 mark and we might get a bull run....

Image from Unsplash

They haven't been any bull run in the market for over 5 or maybe 6months or more, I believe they have been feeding on the dip and actually waiting for the right time to make the run....

As of the time of making this article Bitcoincash is up by 11% and what do you think about that?? Is it possible to reach its high resistance level?? That's the big question I have been asking myself....

We have to think positive and also we have to stay positive, hopefully it get to reach and get past $380.....

Thanks for reading y'all should have a wonderful day 😇

You can also visit my previous Article of where I talked about SHIBA INU been listed on ROBIN Hood....

9
$ 0.16
$ 0.05 from @nomadghada
$ 0.05 from @MD_Tibro
$ 0.01 from @MbakNdut
+ 1
Sponsors of Amback_forgood
empty
empty
empty
Avatar for Amback_forgood
2 years ago

Comments

Thanks for analyzing this Hopefully, BCH will get to $380 before the end of this week. Let's hope for the best

$ 0.05
2 years ago

Let's stay positive and hope for the best and it would come 😇

$ 0.00
2 years ago

I sure hope it does ignore the dip, and it goes on a bull run. That would be amazing to see.

$ 0.01
2 years ago

I believe that's what we all have been waiting to see

$ 0.00
2 years ago