Why did the BCC skyrocket (is there much room for appreciation of the BCAC currency)

why bcc skyrocketed According to bcc browser data, the current price of bcc (Bitcoin Bifurcation) is 1 USD

There are four reasons why BCC suddenly rose after February 12, 2020: 1. Since May 2018, the community has been continuously discussing and promoting the Bitcoin Cash cash network. 2. One month later, the community began to crazily develop new protocols to support Cryptocurrency, including mining mechanisms and other functions; 3. By the end of February, Bitcoin had implemented decentralized accounting methods and consensus algorithms; 4. In early March, as Bitcoin broke through the $30000 barrier, market confidence in it also significantly increased; 5. In mid May, due to the price drop of Bitcoin, some users switched to buying mainstream counterfeit currencies such as Bitcoin. At the end of June, a large amount of funds poured into the Bitcoin Cash project, causing widespread market attention. 2. In the past two months, it has been one of the hottest topics in Bitcoin, as the increasing trading volume on the Bitcoin network has made it the focus of attention for many investors. However, this popularity seems to be decreasing now. 1. Starting from late July this year, the Bitcoin block reward has decreased from 12.5 BTCs to 6.25 BTCs, which is close to the highest level two years ago. Therefore, this means that the value of Bitcoin will be reduced by more than half. (Note: Since 2009, the network transaction fees of Bitcoin have reached billions of dollars, approximately 200000 transactions per year.)

2. According to the bcc.com website, as of the end of August, the Bitcoin block rewards reached nearly 3 billion Bitcoins, which is equivalent to a total of 1.5 billion Bitcoins issued based on the current approximately $13 calculation. Most of Bitcoin is allocated to foundations for daily operational work to ensure its security, but these Bitcoins have not been approved or invested by the government or other institutions. 3. At present, many companies in the market use Bitcoin as the settlement layer and use blockchain technology for payment processing, which can allow more companies to participate in the Bitcoin ecosystem. So what are the issues in this process? 1. The core team of Bitcoin Core thinks that the core team of Bitcoin is actually very smart. They know that they are not the founder of Bitcoin but a group of people, so they decide to use their own strength to build something:

1) First, put the security of Bitcoin first, and secondly, he wants to build a secure and reliable system to make the whole Bitcoin network more stable and reliable, without any loopholes, and also to prevent hacker attacks Furthermore, he hopes to introduce Bitcoin technology into the world of Bitcoin and help more people achieve Bitcoin’s goals

Is there much room for appreciation of the bcac coin?

Recently, the price of the Bcac coin has skyrocketed by over 20%. But from the perspective of the market, its value is still far less than expected. In the past week, the price of the token has halved by more than 50%, and many people even refer to it as an “air coin” According to official data, BCAC has accumulated a growth rate of 200% since the first half of this year, reaching a maximum of around 107%. Its market value has exceeded the $1 trillion mark and is currently 388 million RMB. However, recently, due to intensified market fluctuations and a large number of selling by members of the bcac community, the price of Bcac has experienced a certain degree of decline. However, Bcac is not the only token that has received attention from investors and continues to rise. On the contrary, it has always been regarded by insiders and outsiders as a representative of high-quality projects and public chain projects. As of the time of publication, Bcac was temporarily quoted at $0.017, a 24-hour decline of 5.82%. At the opening of today’s trading, it was quoted at $0.036, with a current price of $0.049; The daily trading volume of Bcac reached 1.3 billion US dollars, reaching a new high in nearly two years.