Bitcoin Cash (BCH) has lost about 10 percent of its value in the last 24 hours, sitting at a market cap of less than $2 billion. The cryptocurrency has been unseated by the popular stablecoin Tether (USDT).
Rough Times for BCH
Bitcoin Cash (BCH) is trading at $111.95 at the time of this writing. This marks nearly 10 percent decline in the last 24 hours alone. The cryptocurrency has a total market capitalization of a about $1.96 billion, which is less than that of popular stablecoin Tether (USDT).
On the month, however, things are looking even worse for BCH.
Since December 28th, the cryptocurrency has lost over 40 percent of its value.
This has caused BCH to lose the position of the fifth largest cryptocurrency to stablecoin Tether (USDT). The latter is currently sitting on a market cap of over $2 billion.
TRON (TRX) Soars on the Month
The real winner in January this year is TRON (TRX). The cryptocurrency is currently trading at $0.027. This is almost 11 percent down over the past 24 hours but the monthly chart looks a lot different.
Over the past 30 days, however, TRX has surged with over 50 percent.
The price dropped today, January 28th, upon the launch of BitTorrent’s token sale on Binance Launchpad.
BTT tokens will begin selling at 3 PM UTC time at a price of 0.00012 USD. There are 990,000,000,000 BTT tokens in supply.
What do you think of BCH and TRX performance over the past month? Let us know down below!
Images credit to CoinMarketCap