It was my understanding that bitcoin cash (BCH) is no more, there is now BCH ABC and BCH SV that have been issues 1:1 in replacement of any BCH holdings. Perhaps I am mistaken in this?
You are correct. As you can see from coinmarketcap, most exchanges have already switched over to listing
BCHSV and
BCHABC.
With BCHSV trading at 0.016BTC, and BCHABC trading at 0.044BTC, for a combined price of 0.06BTC per forked BCH, it means this fork has lost BCH holders about 25-30% of their money, as BCH was trading at around 0.08-0.085BTC prior to the fork.
At least one of these forks, probably SV, is going to rapidly fail. ABC might stick around for a while, but all it will manage to do is continue the slow and prolonged death (with the odd pump by the scammer Ver) that BCH was undergoing long before this fork was even announced. If you still holding any of these coins, it's time to dump them before they lose even more value.
I think the same story that happened to Bitcoin before is also happening with BitcoinCash. As an ordinary guy, I really don't fathom that much why is this forking has to take place and why it has to be chaotic and divisive resulting into loss of value affecting many coin holders. Does it have to take place to make the cryptocurrency survive? Actually, this is just one of the many things I really don't like with this industry and no wonder why many people are getting turned off already and leaving the whole industry for good. Just my opinion.