Why can’t BCHA be withdrawn (Why can’t BCH rise)?
Why can\’t BCHA be withdrawn? According to coindesk, Bitcoin Cash ABC (BCH) cann
Why can’t BCHA be withdrawn? According to coindesk, Bitcoin Cash ABC (BCH) cannot be withdrawn because it does not have a separate cryptocurrency trading pair. Therefore, Bitcoin ABC has not created its own cryptocurrency trading pair (each Bitcoin Cash exchange has its own). In the Bitcoin Cash community, there is a project called “BitcoinCash” referred to as “BitcoinSatoshiNakamoto,” which is an open-source software development kit (SDK) similar to Bitcoin’s whitepaper. This platform uses a token name and symbol called “Bitcoincashnetwork.org” to differentiate between BTC, BCH, and other digital assets. If someone wants to become a competitor and gain some benefits or features, they can choose to add these features to the network, thus providing a broader application space for other users without worrying about technical issues.
Why can’t BCH rise?
According to data from bitcoin.com, BCH has dropped 11.6% in the past 24 hours. Currently, it has risen to a peak of around $12 since the opening on November 16.
Why can’t Bitcoin Cash rise? Why does it continue to maintain this decline? It is because it does not have enough support to break through its historical highs. This is not so much undervaluation or a “bubble burst.” But, in fact, it is a good idea. After all, if the price of a coin stabilizes, it means another coin has a high price. This coin is likely to continue to decline in the long run, so in the long term, it will continue to climb.
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