recently BSV market has seen a huge developments , increase of 48.8% within 24 hours.
what to do you think? will it touch $275.00 in next 48 hours?.
Now its price has passed the bitcoin cash price, and it is really impressive since the all time high before just touch $250. I don't know this is bull trap or not but the trader or its inveator should be careful about it. Just supprised with this movement price since there is no fundamental information especially from CS as its creator. Seem like the cryptocurrencies price will touch another all time high not just for BSV only.
Yes it surpassed Bitcoin Cash price however it needs to sustain it. Most likely if there is no positive developements on Feb 3rd, it will come crashing down to the ~$100 area or even lower.
This coin is purely news driven and very illiquid. Basically this is what used to happen with Bitcoin Cash and Bitcoin during the 2017 days. BCH would get pumped and BTC would dump when they were competing with each other against hashrate ways, difficulties and long block times.
In the end obviously BTC won and you couldn't kill it.