Economic and Technical Influences Weighing on BCH.
🔹After the split in 2017, BCH was initially expected to perform well, but over time, many newer Altcoins have emerged with superior speed and scalability.
🔹Layer 2 solutions like the Lightning Network have significantly improved fast payment capabilities and low fees for Bitcoin, reducing BCH's core competitive advantage.
🔹Many other Layer 1 blockchains offer much higher transaction throughput compared to BCH and a richer smart contract ecosystem.
🔸BCH focuses solely on monetary functionality and has developed fewer DeFi or NFT ecosystems, making it less appealing.
🔸The market capitalization is significantly lower compared to BTC, providing miners with less incentive to switch to mining BCH, resulting in lower Hash Rates.
🔸In summary, BCH is trying to reposition itself in an increasingly saturated and dynamic market, where the advantage of larger block sizes is no longer the sole breakthrough factor.
Do you think BCH can overcome its current difficulties to return to its peak era?
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