Ethereum for the first time turned out to be more expensive Bitcoin Cash

Against the background of the market recovery, the price of Ethereum cryptocurrency (ETH) for the first time exceeded the cost of Bitcoin Cash (BCH):

Data: CoinMarketCap

At the time of writing, the weighted average rate of ETH is $ 91.38. At the same time, BCH is trading at $ 89-90.

It should be noted that the current number of Ethereum coins in circulation (104 million) exceeds the market offer of Bitcoin Cash (17.5 million) almost six times:

Data: CoinGecko

Thus, the price of Ethereum exceeds the market value of Bitcoin Cash, despite the fact that the latter’s supply is limited.

In relation to the price maximum, the broadcast a few percent less than Bcash. Also note that the total trading volume of Ethereum is about eight times higher than that of Bitcoin Cash.

It is also worth emphasizing that a month ago hardfork Bitcoin Cash occurred, as a result of which the network of this cryptocurrency split into two competing chains. This adversely affected the position of BCH in the market and, in particular, the capitalization of this cryptocurrency.

Earlier, BlockchainJournal reported that the number of unique addresses on the Ethereum network exceeded 50 million. At the same time, active addresses make up only 0.46% of the total number of addresses of this network.

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