Bitcoin SV soared by 232% and BAT was the worst performing crypto-asset in May, claims report

  • 11 June 2019, Tuesday, 11:40
Bitcoin SV soared by 232% and BAT was the worst performing crypto-asset in May, claims report
Source: Pixabay

The fork coin has always been a point of contention for many in the community since its split with Bitcoin Cash [BCH], another Bitcoin fork coin. Bitcoin SV, the brainchild of the self-proclaimed Bitcoin creator, pumped by over 80%, induced by the Fake Satoshi row on 30 May. The infamous fork coin was the biggest gainer, even after sustaining a flash crash soon after.

According to a Coinscious market report, a data and trading analytics website, Bitcoin SV [BSV] posted gains of 232% over a period of 30 days. The data was derived from a 30-day window from May 11, 2019, to June 9, 2019. BSV’s daily volatility for the said window was recorded at 12.54%.

BSV was followed by Monacoin [MONA] and Chainlink [LINK], with total returns of 160.57% and 67.83%, respectively.

Binance’s native token, BNB, also made it to the chart of the best performing assets, exhibiting total gains of 55.36% over the month with daily volatility of 4.16%. The report further revealed Basic Attention Token [BAT] was the worst performing digital asset, falling by 7.66% over the same period.

Market manipulation accusations regarding BSV’s triple-digit rise and the subsequent crash from $254 to $44 on the controversy-laden exchange Bitfinex last month is no secret. This highlighted the participation of malicious entities on the network “artificially pumping” BSV’s valuation. The pump was fueled by a piece of fake news that stated that Dr. Craig Wright transferred Bitcoins from a wallet that once belonged to Satoshi Nakamoto.