The controversial cryptocurrency, BSV, has been in a piece of continuous news for some time now – however, the reason behind controversy comes after its creator ‘Craig Wright’ claimed himself as Satoshi Nakamoto, the creator of Bitcoin. Nevertheless, the crypto community dropped de-platforming announcement which resulted in Binance, Shapeshift, Kraken to delist the fork of Bitcoin Cash, Bitcoin Satoshi Vision or BSV.
While exchanges pulling out BSV from their trading boards, BSV began declining its value gradually – as such, it was on 12th spot and has sided down to 14th position on the chart of Coinmarketcap. Nevertheless, the coin stood on its 14th position for nearing two weeks following Monero and Dash on 12th and 13th spot respectively.
BSV Outperforms Dash
The BSV, just as out of the blue, surged higher and overtook Dash cryptocurrency to become the 13th largest cryptocurrency. At the press time, the coin rose 3.09 percent over the past 24 hours and trading at the value $54.10 against US Dollar. In addition, BSV is holding the average trading volume $960,206,085 against Dash’s trading volume $953,476,629.
Source – Coinmarketcap
Looking at the trading volume, anytime soon Dash can again snatch its position from BSV as it is very close to being on the 13th spot in terms of market capitalization.
In addition, the spike in BSV’s value can be constantly seen – at the beginning of reporting this article, it surged 3.09 percent whereas at the time of concluding the value rose to 3.56 percent. Nevertheless, the reason behind the swelling trading volume of BSV coin isn’t certain yet but the rising value is closely related to Calvin Ayre’s Coingeek as primary mining pool for BitcoinSV. Calvin Ayre is the Canadian entrepreneur, founder of Crypto media CoinGeek and a friend of Craig Wright.
Nonetheless, CoinGeek at present controls 46 percent of the total computing power on the network – which has reportedly mined 52 percent of BSV blocks over the past 24 hours.
What do you think about BSV? Do you think it deserves the surging volume than Dash cryptocurrency? Let us know in the comment below.
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