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Wednesday, 2 February 2022

BCH volume and market cap on coinmarketcap

How is it that BCH consistently has a daily top 5 volume on coinmarketcap yet its rarely talked about in the mainstream, is making new lows vs BTC, and is gradually moving down the ranks after sitting top 10 for most of its existence? What are people actually using it for that it is one of the most traded coins daily?

Additionally, is there anything to make of the fact that the total volume of BCH on a daily basis is close to its total market cap? (i.e today on CMC its volume is 4.3b while its market cap is 5.4b). This coin seems to have an enormous volume to market cap ratio relative to the other coins....not really sure if this is significant at all- im very inexperienced with markets so sorry if these are stupid questions

submitted by /u/guzzeaux
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