Bitcoin Cash up 40% this year… Best performer among Layer 1s

Bitcoin Cash (BCH) has risen nearly 40% this year, outperforming major Layer 1 blockchains to achieve the best performance. Ethereum (ETH), Solana (SOL), Avalanche (AVAX), Cardano (ADA), and Polkadot (DOT) are still down more than 50%.

Crypto analysts cite limited supply and new demand catalysts as the reasons for Bitcoin Cash’s strength. BCH is stable on the selling side as there are no token unlocks, no foundation treasury, and no venture capital selling pressure.

There is also an analysis suggesting that Bitcoin will resume its upward trend toward $100,000 after a short-term correction. According to trader analysis, if BTC falls to $87,000 and then rebounds to surpass $92,000, it is highly likely to break $100,000 within 1-2 weeks. However, if it drops below $86,000 or fails to break through $92,000, there is a risk of falling to $80,000.

BCH-1.35%
ETH0.82%
SOL-1.82%
AVAX1.61%
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