The market's focus has shifted significantly to Bitcoin Cash in the past few days, after a long period of investors looking elsewhere. It is clear that there is a lot of news in the air that cannot be ignored by institutional or private investors and that today they consider BCH a project on which to bet large capital in view of the next bullrun. In the last 24 hours, the price has been recording a large influx of exchanges, now over $ 15 billion according to CoinMarketCap, with a 100% increase compared to yesterday.
Although BCH is the most underestimated cryptocurrency at the moment, as confirmed by https://www.coinfairvalue.com/, while almost all crypto projects are highly overvalued, subject to speculation by investors. But what is changing users' attitudes towards BCH comes down to two words: DeFi and NFT.
For those who have followed the crypto world for a few months, they will have noticed how the expansion of these two macro-worlds has attracted huge capitals in the order of behemoths of euros and is a growing phenomenon and the BCH developers do not rightly want to be left behind. .
DeFi
SmartBCH is a side chain for Bitcoin Cash and aims to explore new ideas and unlock possibilities. It is compatible with Ethereum's EVM and Web3 APIs and provides high throughput for DApps in a fast, secure and decentralized manner. SmartBCH represents for Bitcoin Cash what Binance Smart Chain (or BSC) is for Binance, a gateway for all investors who want to block liquidity in exchange for rewards, the fees will be lower on average than those of BSC. The operations will take place on the sidechain and this will not directly affect the blockchain, BCH will be the reference currency and, as for BNB, part of the fees in BCH will be burned and this will reduce the total supply over time.
If you haven't figured it out yet, DeFi is also a reality on Bitcoin Cash and this represents a great opportunity for anyone who wants to join the pool and get substantial rewards!
NFT
Non Fungible Tokens are unique pieces, they cannot be replicated or replaced. Or rather, more technically, NFTs are a particular type of cryptographic token and are not mutually interchangeable. An NFT can be a work of art or a drawing or a photo or a meme, unique pieces identified by a precise id number, impossible to counterfeit as it is registered on the blockchain. There are NFTs sold for hundreds of thousands of dollars, so it is clear that the market appreciates them and it is right to do so. In this regard, on May 15th there will be a BCH HF which also provides for the introduction of multiple "OP_RETURN." Outputs, an essential change to make the network more attractive for the currently most popular applications including the NFTs themselves.
These topics are essential for understanding how and in what way the market is evolving and how important it is for Bitcoin Cash to follow this direction carefully.
BCH is increasing its adoption in many places around the world and the number is increasing day by day. The ease of purchase, without currency exchange costs, without cash, in a few seconds and with very low commissions launches Bitcoin Cash to become the digital unitary currency in the world. The number of transactions is growing daily, the developers are working on the scalability of the process to be on par with international circuits such as Visa and Mastercard.
The future is ahead of us, many are fighting it, I have decided to accept it because improving our life is the purpose for which we were created
If you still want more information on why I'm excited about BCH, visit https://whybitcoincash.com/
Thanks for taking the time to read my post.
Greetings
