Can Bitcoin Cash Challenge Bitcoin For The Top Ranking

No doubt Bitcoin is a universal cryptocurrency and every other currency has its trading pair with bitcoin but can its rival currency bitcoin cash grab the top ranking from bitcoin. Bitcoin has lost some of the efficiency in transaction and its transaction has also become costly for average user. These Issues however are with new wallets. blockchain and coinbase are going to reduce this fees to $1 they are going to charge 55 satoshis per byte which is almost equal to $1 which was $30 for non-segwit wallets. So one problem might solve and other one still to go and that is the time spend in bitcoin transactions.

As far as speed is concerned than there are many cryptocurrencies in the market whose transaction take place in seconds including Steem and Steem dollars but the question is can they bear the pressure of high number of transactions. Bitcoin cash is gaining popularity and more investors are attracted towards its trading. Few days ago KuCoin an emerging exchange offered trading pair of BCH in the market and the growth in its users was tripled. One thing is sure that the currency who will take the top position will need to behave as a competitor of bitcoin but we have seen that bitcoin cash price decreased simultaneously with bitcoin this is not a good sign for bitcoin cash and it is more volatile than bitcoin.