BCH's pullback is not surprising, but there is another coin with reduced production that has been overlooked

TVBee · 2023-06-30T10:53:54.000Z

Some people are wondering why BCH suddenly went into trouble. Let’s do some hindsight first BCH pull plate LTC was halved around August this year and launched in November last year, 9 months in advance. BCH will be halved around April next year and will be launched at the end of June this year, almost nine months in advance. Generally speaking, for this kind of POW coins, the people pulling the market are likely to be mining pools and mining machine manufacturers (these two are usually the same group), so it is possible that the methods are similar. Guess who is pulling the strings However, the growth and trend of BCH are too exciting in comparison. On the one hand, it has been building momentum at the bottom for a long time, and then suddenly pulled back.

Some people wonder why BCH suddenly rose.
Let's have some hindsightBCH pulls upLTC was halved around August this year, and the price rose in November last year, 9 months in advance.
BCH will be halved around April next year, and the price will be pulled up at the end of June this year, which is almost 9 months in advance.
Generally, the ones who pull up the price of this kind of POW coin are likely to be mining pools or mining machine manufacturers (these two are usually in the same group), so it is possible that the method is similar.
Guess who is pulling the trigger?However, in comparison, BCH's growth and trend are too exciting.
On the one hand, the market has been accumulating momentum at the bottom for a long time and suddenly it started to rise.
On the other hand, compared to the bottom last year, BTC and LTC have almost doubled, but BCH has almost tripled.
Although a certain mining company and its former boss are not the founders of BCH, they are indeed one of the main forces in the BCH community, so it is possible that they prefer BCH more. (That’s all I have to say)
The following is the horse front cannonThere is also a reduction in the production of coinsThere are many coin reductions that everyone is paying attention to, but there is one coin that is easily overlooked, and that is Chia XCH.
It is also a POW consensus, but it is based on a hard disk instead of a graphics card or CPU. Plus it will be halved for the first time in early 2024 (halved every 3 years), so it is easy to be overlooked.
In the first three years, 64XCH will be produced every 10 minutes;
In the 4th to 6th year, 64XCH will be produced every 10 minutes;
In the 7th to 9th year, 64XCH was produced every 10 minutes;
In the 10th to 12th year, 64XCH is produced every 10 minutes...
Of course, its market is different from#BCHbecause it does not require that type of mining machine. (So this article does not constitute investment advice)
Split(XCH)The block browser shows that the Chia network has 24.48Eib storage computing power. It is similar to the current computing power of filecoin:
Chia also has NFTs, but we don’t know how big the market is yet. But it has halving.
I looked at the Chia network space, that is, the storage computing power, and the number of active addresses on the chain. There was a decline in the bear market, but it is still okay overall.
The ambush point of the Little Bee Plan, XCH, may have surprises, but it does not constitute investment advice!