The sharp price fluctuations Bitcoin Cash has experienced during its first month make the digital currency's future look uncertain.
In addition to experiencing price movements that have been all over the map, Bitcoin Cash's team of developers has not shed much light on its future plans, CoinDesk reported.
Sharp Volatility
Bitcoin Cash's price nearly doubled within its first 24 hours, surging from roughly $394 to $757, according to figures provided by CoinMarketCap.
Because of this robust price increase, Bitcoin Cash quickly became one of the top three cryptocurrencies in terms of market capitalization (market cap), additional CoinMarketCap figures show.
At this point, being so new, I dont think it really says much. The long term outlook of all these currencies that want to be money is hindered by the volatility. LTC seems to be the most stable at the moment but that could change. Money cannot have the huge fluctuations so whatever currency takes over that arena, it will have to be fairly consistent.
We will see which one(s) are able to settle down.