Any news on supporting bitcoin cash in the near future? It has quite a big market cap now.
I would argue that the Bitcoin Cash trading is heavily manipulated, which leads to an artificially
high market cap.
If you take a look at the biggest exchanges by volume you will see that 41.24%
of trading volume has taken place at Bithumb (Korean exchange) in the last 24 hours.
https://coinmarketcap.com/currencies/bitcoin-cash/#marketsBithumb has been known to provide zero fee vouchers for certain users (it is actually
even possible to buy them). If you have one of these you can essentially wash trade all day long
by buying and selling into your own orders. By doing this you can lead people to believe that
a rally is completely genuine while it is actually completely artificial and wouldn´t have happened
without your wash trading activity.
Nevertheless, I concede that it may be too early to write off Bitcoin Cash completely. The monthly
charts actually look quite healthy and show a steady rise and with Segwit2x being practically dead some
miners may shift their support to Bitcoin Cash if it continues to be profitable to mine.