Bitcoin Cash Is the Only Fork Underperforming Bitcoin This Year

Bitcoin Cash Is the Only Fork Underperforming Bitcoin This Year

is the only forked cryptocurrency underperforming in 2020, according to data from . The inaugural fork is only up 9% year to date. 

Although most alternate cryptocurrencies (or “altcoins”) over the past few months, bitcoin cash – the only fork around today that traded throughout the 2017 cryptocurrency bull market – has been left behind. Bitcoin cash only started underperforming bitcoin in May, but two months was enough time for the forked cryptocurrency to underperform bitcoin by 18 percentage points so far this year.

It’s for altcoins to outperform bitcoin during bullish market cycles. Altcoins with low or medium market capitalizations often experience higher volatility than bitcoin, which may yield higher returns should bitcoin’s price also appreciate.

Bitcoin cash, on the other hand, has simply experienced more of a volatility compression compared to the other forks, especially , which has a market capitalization closest to bitcoin cash, said Dan Koehler, liquidity manager at OKCoin.

“Bitcoin gold and bitcoin diamond remain in a much smaller market cap bucket and thus could be experiencing higher volatility and returns as a result,” he added.

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