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Roger Ver of Bitcoin.com lists benefits of the Bitcoin Cash {BCH} network, maximalists hit back

Bitcoin Cash is ranked at #4, ahead of Litecoin but below XRP on coinmarketcap. The price declined at a rate of 1.48% in the course of the past 24-hours. The trading volume recorded is $944.496 million, while the supply has 17,953,263 BCH coins in play. The total market cap of Bitcoin Cash is $5.474 billion. As of this moment, BCH is priced at $304.95.

Roger Ver is the CEO of Bitcoin.com and has been a Bitcoin Cash proponent ever since the hard fork 2 years ago. However, not all folks on Twitter agree with him, as BTC enthusiasts took to debunking his alleged claims on Bitcoin Cash being safer and instantaneous. Have a look:

Dozens of merchants in Queensland and other parts of Australia are BCH enthusiasts. A meetup was announced for the month of September.

Data from the BCH/USD candlestick chart on tradingview points to bears triumphing over bulls for now. The daily RSI [for 10 periods] stands at 39.65 and may decline further. Since 16th August, the MACD line has remained beneath the signal line, enabling the histogram to be red. The Ichimoku Cloud is crimson too from 2nd August onward.

Key support exists near the $268 mark, while resistance will be felt if BCH can reach $358 by the end of next week.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.