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Bitcoin SV [BSV] falls from riches to rags as Cosmos [ATOM] overtakes the coin – AMBCrypto News


The cryptocurrency market saw a major rise in prices of most cryptocurrency, however, there were certain coins that did not face any major change in their standing and price. Bitcoin SV [BSV] faced the wrath of exchanges as it first got delisted from Binance, and then a few others, fell to the 15th position. The coin did not register any significant pump and continued its downward journey as another cryptocurrency, Cosmos [ATOM] overtook it.

Bitcoin SV [BSV]

Source: Trading view

Source: Trading view

According to Bitfinex’s BSV chart, it originally closed at $219 on November 13, 2018, however, the coin fell under $100 within six weeks, on December 25, 2018. At press time, BSV was valued a t$53.58 with a market cap of $951 million. The 24-hour trading volume of the coin registered $126 million as it reported a dip by 0.64% over the past day. In the past seven days, BSV registered a mere 0.08% in growth and 0.23% within the past hour.

BSV’s fall can be attributed to its poor performance in the market, and Binance’s delisting of the coin added fuel to this burning pot. According to the current data available on CoinMarketCap, the coin was highly traded on BitForex with $16 million via BSV/USDT pair. The second place was taken by BitMart via BSV/USDT pair with $14 million in volume. The third place was taken by ZBG with BSV/USDT pair with $13 million.

Cosmos [ATOM]

Source: Trading view

Source: Trading view

On April 28, Binance’s CEO Changpeng Zhao informed the community of adding Cosmos [ATOM] to its exchange. CZ said:

“Here is a project that refused to even talk to an exchange about listing (and we have a good relationship with their tech guys), but we list it anyway.”

At this time, ATOM was ranked 1,803 in position, after which the coin saw a massive jump over a week and currently ranks 14 on CoinMarketCap list. The coin closed on $4.7600 on April 22 and after yesterday’s (May 3rd) pump, the coin was valued at $5.34. The market cap of the coin was $1.01 billion and the 24-hour trading volume was $191 million. At press time, the coin noted a growth of 8.08% over the past day and 49.47% within the past week. The coin continues to register 2.54% of growth within the past hour.

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As Cosmos received support from Binance, it registered the highest trading volume of $28 million with ATOM/BTC pair. Binance took the third place too as it noted a trading volume of $17 million with ATOM/USDT pair. The second place was taken by Upbit with $20 million via ATOM/KRW. ATOM’s trading volume surpassed BSV’s and the push from Binance helped the coin climb up the CoinMarketCap ladder.



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