Over 40 Bitcoin Forks Are Down More Than 98% Since 2017's Forking Fiesta

Monday 21 September 2020, 9:46 AM AEST - 1 month ago

Since the summer of 2017, more than 44 forks of the Bitcoin network were created and so far many of them have lost considerable value and are near worthless. To-date only a few of the forks that stem from Satoshis creation have remained relevant during the last three years.

There are three branches of Satoshi Nakamotos codebase that have commanded top positions within the top fifteen coins in the crypto coin market economy. Bitcoin (BTC), Bitcoin Cash (BCH), and Bitcoinsv (BSV) have all been top contenders for quite some time. Between the price, onchain activities, and community size only these three branches have data worth calculating.

Over 40 Bitcoin Forks Are Down More Than 98% Since 2017's Forking Fiesta

Out of the $335 billion market cap stemming from all 7,600+ crypto assets, BTC captures 58% of the valuation, while BCH commands 1.2%. BSVs market cap dominance on Sunday, September 20 is 0.83% Meanwhile, over 40 other Bitcoin network forks that were born after August 2017, have lost significant value during the last two years.

In 2017, just before the all-time price highs in the crypto economy, a great number of individuals and organizations decided to create forks from the BTC network. That year if you participated in the crypto economy, you surely heard about all the forks, snapshots, and airdrops that took place during the 12-month timeframe.

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