‘Original Bitcoin’ Surprises With 24% Rise as Crypto Markets See Red

Dubbed as the “Original Bitcoin”, BSV or Bitcoin Satoshi Vision soars on a cryptocurrency market crash seen in the last 24 hours. BSV is certainly drawing a lot of attention from investors as it remains undeterred by the crypto market crash.

BSV soars to 24% or about $55.79 on Tuesday; On the other hand, Bitcoin (BTC) has dropped 11% in the last 24 hours, but its value has decreased a bit since Sunday.

A hard fork of Bitcoin Cash (BCH) spawned the emergence of the Bitcoin SV blockchains and the BSV token, which is known as the advanced version of the “original Bitcoin.” Similar to Bitcoin, but better as the creators of BSV claim.

Speed ​​is BSV’s ultimate strength, they say. Bitcoin Satoshi Vision is described to enable incredibly fast and scalable transactions.

Suggested Reading | Ethereum Drops Below $950 On Uniswap Overnight – Here’s Why

BSV has shot up to 24% or around $55.79, Tuesday. Source: BSC News.

BSV: the original Bitcoin?

The Bitcoin SV blockchain and its token continues Satoshi Nakamoto’s vision of keeping transaction fees affordable or low for its users and dreams of reverting Bitcoin to its original form.

Even BSV’s whitepaper looks a lot like Bitcoin’s. Craig Wright, the founder of BSV, claims to be the creator of Bitcoin, but to this day he has not been able to substantiate this gigantic claim.

The creators of BSV see how the existing BTC protocol has huge flaws and an unreliable structure. BSV proponents believe that improving Bitcoin’s block size can greatly increase the scalability of the chain.

BSV Soars Amid Crypto Market Crash

Launched over four years ago, BSV continues to skyrocket in the wake of the downturn in the cryptocurrency market. This is said to have been fueled by its listing on Huobi Japan, which will support the token and open up more opportunities for BSV in Japan, a larger and increasingly lucrative market. Increased business interest and support appear to have triggered BSV’s gains.

BTC total market cap at $416 billion on the daily chart | Source: TradingView.com

BSV is currently 43dr The largest cryptocurrency by market cap, at $1.08 billion. However, even though the token is skyrocketing, Bitcoin is still more valuable than BSV. Bitcoin is down more than 51% while BSV has lost around 56%.

Suggested Reading | Dogecoin Lost 91% Of Its Value Since 2021 High: A Musk Tweet To Pump DOGE?

BSV appears to have been outperforming other digital assets despite the crypto storm, but Bitcoin is not king for nothing as it firmly holds its throne.

Can BSV beat Bitcoin at its own game? Well, there is only one king, after all. Bitcoin may be shaken and shaken, but it remains unassailable to this day.

Featured image from CoinGeek, chart from TradingView.com

Leave a Comment