Bitcoin SV Price Jumps By 30%, Altcoins Feel the Bull Market Heat

The altcoin market is slowly heating up because of a major bull run in Bitcoin. The coin’s staggering performance is helping altcoins gain more value as well. Bitcoin SV, for instance, gained 30%.

Bitcoin SV makes serious gains

The price of Bitcoin SV started increasing alongside other altcoins. The currency, which forked from the Bitcoin Cash blockchain (itself a fork of the original Bitcoin chain) is able to gain more as BTC reaches new highs every week. The coin originated after two rival camps engaged in a ‘civil war’ like situation about the future of the BCH chain. Bitcoin SV broke off from the Bitcoin Cash chain, under the leadership of Australian scientist Chris Wright. He claims to be the founder of Bitcoin, Satoshi Nakamoto.

While most altcoins are not getting as much media attention, Bitcoin SV has made massive gains. The price of the currency is $230. It may not be as high as the peak of $441 set about one year ago, but it is still good progress.

Apart from Bitcoin, the currency which has got the crypto community talking is Ethereum. Its value increased by a whopping 60% in the past one week, reaching its all-time high of $1,432 created in January 2018. Tron and EOS also made 10% gains in the past 24 hours. Dogecoin managed to climb up by 7% in the day, marking a 70% increase since last Monday.

Bitcoin SV is growing

Despite the initial setbacks and a delisting campaign from several crypto exchanges, Bitcoin Satoshi Vision (BSV) has been growing steadily. Speaking at the 13th Global Family Office Investment Summit in Dubai last week, UNISOT founder Stephan Nilsson said,

“As an enterprise company, we chose to build on the Bitcoin SV blockchain for 4 reasons – security, scalability, stability, and cost-efficiency. We don’t find that in any other blockchain.”

The panel, which included nChain’s Simit Naik and GAP600 founder and CEO Daniel Lipshitz and TAAL Distributed Information Technologies’ Kal Suurkask, discussed the use of BSV.