Bitcoin SV cryptocurrency, which appeared after the hardcoin Bitcoin Cash on November 15, ranked 7th in terms of capitalization, but immediately fell to 9th position, entrenched in the top 10 of the market.
The cost of a new Bitcoin SV encryption at around 3:20 pm on November 27 was $ 2.13 billion, ranking 7th in the market, after which its capitalization fell to $ 1.58 billion (9th place). Bitcoin SV lost ahead of Tether and Litecoin.
It closes the top 10, according to Coinmarketcap, of Cardano Cryptocurrency, which costs $ 893 million.
Bitcoin SV is very volatile now.
Even on November 23, the "currency" cost about $ 38, as on November 26 it rose to $ 123 (three times). But at 14:12 on November 27, Bitcoin SV was worth on average US $ 90.7 (-23.14%).
The original Bitcoin Cash is ranked 4th with a capitalization of US $ 2.99 billion (-17.38% in the last 24 hours).
Hashrate war between bitcoin ABC and Bitcoin SV may be near completion after the team's latest announced that it had abandoned the claims to the original Bitcoin Cash chain and intended to focus on creating its own applications, Forklog reports.
Coingeek owner Kelvin Air said the two blockchains, formed as a result of Bitcoin Cash's hard forks on November 15, have completely different goals, and that there is nothing that can unite them in the future. In that regard, Bitcoin SV no longer claims the name Bitcoin Cash (Bch), and that Bitcoin SV is now the original Bitcoin, as Satoshi Nakamoto conceived it.