Flipside Crypto - Can't Afford Bitcoin? 

BCH (on top) compared to BTC User Activity since January 2020. Source: Flipside Crypto’s FCAS Tracker. 

Bitcoin and Bitcoin Cash rapidly started gaining momentum in mid-October 2020. On Sunday last week, Bitcoin hit its all time high of roughly $34,800 before dropping back down 10% on Monday. 

But barely anyone is building on Bitcoin Cash at the moment — the activity we’re seeing is only caused by price speculation. The risk of investing in BCH remains very high because its price could drop at any moment. 

Source: Flipside Crypto's FCAS Tracker

The Horizen Halving Brings Price Stability to the ZEN Token

The Horizen blockchain’s source code is based on Bitcoin’s, which means it also has a total supply of 21 million coins. And just as Bitcoin does every 4 years, Horizen recently underwent a halving — to divide its block rewards in half, from 12.5 ZEN to 6.25 ZEN. 

The move had a deflationary impact on price, and reduced price variability. The chart below compares the price volatility of BTC (in yellow) and ZEN (in green), which highlights how the two mirror each other. 

Source: CoinMarketCap

At the same time, the project saw a large jump in trading volume, thereby improving its Market Maturity score significantly — up 21% since. Horizen’s on-chain data on the Flipside Data Cooperative shows an important increase in large purchases of ZEN from exchanges since Dec. 23.

 

Source: The Flipside Data Cooperative 

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