• Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
Subscribe
  • Login
  • Register
No Result
View All Result
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
No Result
View All Result
No Result
View All Result

BitcoinSV Futures Reach a High of $600, BSV’s Market Cap Could Reach $2.5 Billion

08/11/2018 12:09
No comments

BitcoinSV has reached a brief high of $600 in the first futures market launched ahead of a chain-split fork this November 15th.

BSV futures (pictured above) are currently trading at $140 on very low volumes of just about $20,000.

BCH, BSV Futures, November 2018.

If that translates to a real price once the coin launches, then it would be a top ten coin with a market cap of $2.4 billion, above Cardano and not far off from potentially overtaking even Litecoin.

BitcoinABC futures have also been launched. There, price saw a very brief high of $4,200 due to an individual buying circa 0.01 BCHABC at that price.

Since then, ABC and SV have kind of split between each other BCH’s real price, but at the time of writing ABC stands at $536, while SV is at $139.99. Giving them a combined $670, about $80 more than the current BCH price of $590.

ABC futures, November 2018.

Trading volumes are very low with BSV’s price fluctuating between $140 to $80 with each trade. That’s partly because this has just launched on Poloniex, with it stating:

“Pre-fork trading is available immediately for the following pairs: BCHSV/USDC, BCHABC/USDC, BCHSV/BTC, and BCHABC/BTC. We are also opening up a BCH/USDC market.

Customers can convert Bitcoin Cash into equivalent amounts of BCHABC and BCHSV, and also convert SV and ABC back into BCH if they’d like to withdraw funds.

Customers can trade immediately, but won’t be able to withdraw BCHABC and BCHSV ahead of the hard fork.”

That might mean some considerable arbitrage opportunity if combined price goes above BCH’s real price, with these futures mainly useful to show what might be the actual price split once the new coin is born on November 15th.

It appears BSV will start off at about 20% to 30% of BCH’s price according to these futures, with BCH being the ABC client as stated by Coinbase, Binance and others.

That suggests we will probably see a “traditional” chain-split, the third so far in as many years.

Copyrights Trustnodes.com

 

Related Posts

Lido Staking Share, June 2022

Lido Votes Against Limiting Staking

Defi dapps DNS hijacked, June 2022

Defi Dapps DNS Attacked

Eminem Apes

Cristiano Ronaldo Binances

Load More
  • Trending
  • Comments
  • Latest
Grayscale's Bitcoin Trust price, June 2022

Grayscale’s Bitcoin Price Falls to $12,000

Ethereum longs, June 2022

Ethereum Longs Spike

Bitcoin and other asset prices, June 2022

Bitcoin Drops Below $20,000

The world's three richest men sold billions at the top

How the Rich Crashed the World

Lido Staking Share, June 2022

Lido Votes Against Limiting Staking

Defi dapps DNS hijacked, June 2022

Defi Dapps DNS Attacked

Eminem Ape

Eminem Apes

Cristiano Ronaldo partners with Binance on NFTs

Cristiano Ronaldo Binances

Comments

Latest News

  • Lido Votes Against Limiting Staking
  • Defi Dapps DNS Attacked
  • Eminem Apes

About Trustnodes

Terms of Service

Privacy Policy

Our Ethics and Values

Trustnodes Newsletter

Trustnodes © 2017-2022. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com RSS Feed

No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics

Trustnodes © 2017-2022. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com RSS Feed

Welcome Back!

Login to your account below

Authenticate with MetaMask Loading...

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?