Bitcoin Cash is now at 13th spot, and has eyes on overtaking Chainlink and Hype to get to 11.
BTC maxis are wondering about their Store of Value, they just lost 10% of their spending power when measured in units of BCH - they will soon start to wake up as BCH really starts cooking and we start cannibalising the value of EVM chains and privacy chains.
By the way, talking of privacy coins, check ZCash - suddenly shot up outta nowhere to 24th spot, which is great - we love having privacy options. We will soon offer full ZCash privacy functionality, as well as Monero, MimbleWimble and other Zero Knowledge proof based capabilities, as on chain covenants on BCH. In other words, if you want privacy, you can have it on BCH, and can choose between these covenants or write your own, without having to switch to another chain. All this and of course transactions remain instant with fees that are so small, you’ll not notice them. Fans of XMR and ZCash will inevitably be drawn to BCH because of the combined power of these features (including unrivaled scalability) on one chain, as well as being able to try out improved versions of ZK contracts without needing to “bet the farm” on lengthy and risky protocol upgrades (e.g. full membership proofs on XMR).
So if BCH cannibalised the market cap of XMR and ZCash - by allowing their functionality to be utilised on the BCH chain combined with all of other benefits of BCH, then BCH would have a market cap of around 24 billion, enough to secure a top ten position.
As EVM devs start noticing they have a lot more power by switching to BCH’s UTXO model, EVM project communities may start to be drawn towards this highly scalable, and dare I use the NWO politician’s favourite word, “sustainable” global financial platform, but in the true sense of the word, not in the sense of needing to be perpetually propped up by VC or govt funds. Once that starts happening, EVM days will be numbered.
As the masses start to understand the real meaning of Bitcoin, then BTC’s flaccid value proposition is increasingly skating on thin ice and it’s value will migrate to it’s stronger, leaner, healthier, fitter and sound-money-Bitcoin sibling, Bitcoin Cash and become the dominant threat to fiat.
