BREAKING: Coinmarketcap.com has shared "the number" - the Bitcoin Cash Market Cap...
And you won't believe it.
Here's a screenshot:
That's right...
6.358 Billion Dollars.
What???
It's now on the heels of XRP, and the fourth-largest by market cap in the world.
Holy Fork, Batman.
Strange world we live in, eh? Seems to me that the high price could be explained by the fact that most likely, very little of the BCC has been claimed yet.
I'm going to stick to my altcoin guns for a few days, find out where the dust settles.
It is very strange. How can something that previously did not exist, suddenly exist and be worth 6-7 billion. Normally it is hard to see where the money comes from in crypto, but in this case it is particularly weird. If nobody put any new dollars or other currency in... then how can the market cap suddenly increase by 6 billion??
Books will be written about the "Great Forkening" of 2017.
Glad I held trough the dump :)
I watched from the sidelines. Deliberately - my goal was HODLing altcoins.
Hope it keeps going for you, though...rising prices of the BTC/BCH combo can only mean good things.