Dubbed to be the “Original Bitcoin,” BSV, or Bitcoin Satoshi Vision skyrockets in the face of a crypto market crash seen in the past 24 hours. BSV continues to attract a lot attention from investors despite the crypto market crash.
BSV rises to 24%, or approximately $55.79 Tuesday. Bitcoin (BTC), on the other side, has fallen by 11% in the last 24 hours. However it’s value has somewhat declined since Sunday.
A Bitcoin Cash (BCH) hard fork sired the emergence of the Bitcoin SV blockchains and the BSV token, which is referred to as the advanced version of the “Original Bitcoin.” Similar to Bitcoin – but better as the BSV creators claim.
According to them, speed is BSV’s ultimate strength. Bitcoin Satoshi Vision can be described as enabling incredibly fast, scalable transactions.
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BSV rose to 24 percent, or approximately $55.79 on Tuesday. Source: BSC News.
BSV – The Original Bitcoin?
The Bitcoin SV blockchain and its token continue Satoshi Nakamoto’s vision to keep the transaction fees affordable or low for its users and dreams to revert Bitcoin to its original form.
Even BSV’s whitepaper closely resembles Bitcoin’s. Craig Wright (founder of BSV) claims that he is the Bitcoin creator, but he hasn’t been able prove this claim.
BSV creators recognize that BTC’s current protocol is flawed and not reliable. The BSV proponents believe that improving Bitcoin’s block size can immensely ramp up the chain’s scalability.
BSV Soars in the Face of Crypto Market Declination
BSV was launched over four years ago and continues to rise in spite of the fall in crypto markets. Its listing on Huobi Japan will allow for the token to be supported and provide more business opportunities in Japan. Japan is a larger and more lucrative market. The increased trading interest and support seem to have triggered BSV’s gains.
BTC market capital at $416 billion according to the daily chart. Source: TradingView.com| Source: TradingView.com
BSV is the current 43RdIt is the largest cryptocurrency market cap, with $1.08 billion. The token’s value is increasing, but Bitcoin still outweighs BSV. Bitcoin has lost over 51% while BSV has lost approximately 56%.
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BSV appears to have been outperforming other digital assets despite the crypto storm, but Bitcoin isn’t the king for nothing – as it firmly holds its throne.
Is BSV able to beat Bitcoin in its own game? There is one king after all. Although Bitcoin can be shaken and rattled, it is still unassailable.
Featured image by CoinGeek. Chart from TradingView.com