From $4,350 to $117: Is Bitcoin Cash (BCH) Entering Death Spiral?

The Bitcoin Cash price continues to record new yearly lows, currently trading within its fifth consecutive session in the red.The BCH/USD rate has dropped below $120 in the latest sell-off, noting more than 97% depreciation since its all-time high.Since November 7, when the pair was trading at $638, it has tanked more than 81% in value. In comparison to other cryptocurrencies that also established their yearly lows recently, the price plunge in the Bitcoin Cash market is more severe.Source: CoinMarketCap.comCollateral DamageThe reason why investors are finding it difficult to hold onto their Bitcoin Cash is lack of confidence in the Roger Ver-led team.Following months of discussions over the future of the Bitcoin Cash project, the community decided to split the blockchain to upgrade its core protocol.There was also a section led by nChain founder Dr. Craig Wright and online gambling billionaire Calvin Ayre that revolted against Ver’s Bitcoin Cash upgrade…

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