Maybe it is not happening on Coinbase but being available for trading on a cryptocurrency exchange is a beginning of a dream. Today, new cryptocurrency exchange Cryptofacil announced Bitcoin SV is now available for trading. While this is not a Bitcoin SV Coinbase listing. It is still a big deal. Getting a Coinbase listing is the American dream for every cryptocurrency. While Coinbase is yet to fully list Bitcoin Cash SV, the listing on the Latin American based exchange is a step in the right direction. It shows that Bitcoin SV is slowly solidifying its stake and gaining more adoption in the cryptocurrency market.
Cryptofacil didn’t just list Bitcoin SV, it also paired it with 5 different currencies including BTC, ETH, the USD, and USDT. After the announcement, the press asked the exchange representative why they decided to add the Bitcoin SV token. In reply, the representative said;
“BSV is a top 15 token as far as market cap and has a large community that supports its vision and technology.”
Even if the Bitcoin Cash Sv community is being led by one of the most controversial figures in the space, Craig Wright, it has a strong list of believers backing it. Like them or hate them, Craig Wright and the rest of the Bitcoin SV community have done a lot of work to promote the adoption and development of the Bitcoin SV token. The exchange continued;
“We are a Bittrex partner and work very closely with their Digital Assets team. We saw the trading volumes of the different BSV pairs and wanted to allow our users also to be able to trade them.”
In the Bitcoin SV news, the exchange also said that the low cost of transaction on the BSV network is another factor that influenced their decision to list the token. Since the company operates in areas full of unbanked people, adding tokens that are affordable to transact is a good strategy. This is another reason why the exchange is launching a special offer in April.
Bitcoin SV Price Prediction: Bitcoin Cash SV Price Today
Keep in mind that Bitcoin SV is an acronym for Bitcoin Satoshi Vision. It’s proponents claim that it is the only Bitcoin in existence that currently applies the original protocol of Satoshi Nakamoto, the anonymous creator of Bitcoin. In the fight to become the one and only Bitcoin, Bitcoin SV is competing with Bitcoin Cash, Bitcoin Core and Bitcoin Gold.
Bitcoin Cash (BCH) Price Today – BCH / USD
While Bitcoin SV isn’t anywhere near Bitcoin and Bitcoin Cash per price and market capitalization, it has found relative stability in recent time. The Bitcoin Cash SV price prediction which was negative for a long time is now positive. At the time of writing, Bitcoin SV was trading at $64.1. This shows that it is down by 1.52% against the USD and up by 0.29% against BTC. The 24 hour trading volume is $115,627,423 and the market capitalization is $1,133,917,873 per Coinmarketcap.com.
What You Need To Know About Bitcoin SV – The New Top 10 Cryptocurrency
Months after the Bitcoin Cash hard fork war, there are still some who don’t know what Bitcoin SV is despite all the hype from Craig Wright and his Bitcoin SV development team. Just in case you’re one of those people, let’s answer the question. What is Bitcoin SV or Bitcoin Cash SV? Bitcoin SV is the cryptocurrency that was created during last year’s Bitcoin Cash hard fork war when the development team refused to come to a consensus about the network update. This led to a chain split into Bitcoin Cash ABC (current Bitcoin Cash), and Bitcoin SV. Since then, Bitcoin SV has been making steady progress in the cryptocurrency space.
Fresh faced and eager to impress, Bitcoin SV, or Bitcoin Satoshi Vision is the latest cryptocurrency to enter the markets and has made quite the impact in the process too. Yesterday, Bitcoin SV moved into the top ten cryptocurrencies by market capitalisation after experiencing quite the surge in market cap. Today, Bitcoin SV remains well up the rankings, proving that this cryptocurrency is more than just a fad, it’s now a serious contender to Bitcoin Cash.
What is Bitcoin Satoshi Vision?
Bitcoin SV is the result of the recent Bitcoin Cash hard fork that saw a forced upgrade roll out on the Bitcoin Cash blockchain. As a result of this fork, a portion of the chain had to take a new direction, this new direction is now known as Bitcoin SV and has been months in the making.
What is Satoshi’s Vision?
For those who don’t know, Satoshi Vision refers to the original idea behind the creation of Bitcoin. This is where it gets complicated. The alleged creator of Bitcoin and cryptocurrency is a person (or group of people) by the name Satoshi Nakamoto. Now nobody knows who Satoshi Nakamoto is, however thanks to documentation that surrounded the creation of Bitcoin, we know that Satoshi had a vision for a worldwide cryptocurrency that was decentralised and gave control back to the people. Satoshi had an almost Marxist vision and saw that power could be given back to ‘the people’ if they seize the means of currency production. This eventually led to the development of Bitcoin as we know it today (it’s a little more complicated than this of course, but I hope you sort of have a basic idea now).
During Bitcoins life cycle, we saw the creation of Bitcoin Cash as a result of a Bitcoin hard fork, which in turn has now led to the creation of Bitcoin SV, a version of Bitcoin that claims to want to rediscover Satoshi’s original vision and become the world’s most popular and most adopted, fully decentralised cryptocurrency, through a hard fork of Bitcoin Cash. Note that these hard forks are quite common, so this isn’t an unheard of event.
The true vision of Bitcoin SV now focuses across four key areas that aim to make Bitcoin SV better than Bitcoin Cash and Bitcoin.
Should You Invest in Bitcoin SV?
As you can see, the Bitcoin SV team have a key focus on what they want to achieve in the future. The team will be bold in their forward movements and really do want to bring the entire ‘Bitcoin’ culture closer to the goals first set out by Satoshi Nakamoto, whoever that is. The roadmap for Bitcoin SV continues to highlight the four key areas that the team will explore and sets out a clear plan for the development of Bitcoin SV right through to Q2 of 2019. It’s a short roadmap, granted, but we expect that over time this will expand and further details will be added once the Bitcoin SV team settle down and plan for the future.
For now, we expect this cryptocurrency to remain a little unstable and thus, it probably won’t remain a top 10 cryptocurrency for the long term, that aside though, you have to admit that what we have seen from Bitcoin SV this week is quite impressive. Source: Cryptodaily
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