BCH

Bitcoin Cash

StorX Network’s SRX has bucked the overall bearish trend as other storage tokens flounder. The latest rally has helped it overthrow Storj (STORJ) token in the global market cap rankings. Messari analysts tipped the DePIN category for a big year in 2026. StorX Network has gotten some shine recently as it has posted a relatively strong performance even as the broader crypto market has been rocked by macro headwinds and internal inadequacies. According to data from CoinMarketCap, the decentralized storage sector is currently having a hard time, and even the heavyweights have not been exempted. Giants like BitTorrent (BTT), Arweave (AR), and Walrus (WAL) reportedly suffered double-digit losses over the last week, dropping 13.65%, 23.31%, and 21.99%, respectively. Despite the current bloodbath across the markets, the DePIN sector is expected to perform better this year than it did last year, when it raised nearly $1 billion in capital across a total of 91 rounds, fewer than the number it took to raise the almost $700 million it achieved in 2024. Storx Network has defied general market downturns Storx Network has recently displayed a steadiness that is seemingly creating a price floor that other storage tokens lack. Amid general volatility, StorX Network (SRX) is trading at $0.06767, maintaining above the green line over the last 7 days. With a circulating supply of 725.44M SRX and a steady 24-hour trading volume of nearly $3 million, liquidity remains healthy despite the bearish macroeconomic environment. The stability has propelled StorX to a market capitalization of nearly $49.1 million, putting it ahead of Storj (STORJ) token, which it is often compared to, with its $47.6 million market cap after an 11.39% weekly decline. Storj has lost ground due to recurring internal issues While there was never a “hard fork” in the sense of a sudden blockchain split (like Bitcoin vs. Bitcoin Cash), StorX launched in mid-2021 as a software fork based on the legacy code of Storj v2. As such, the projects are often compared to each other. However, the older Storj has faced recurring issues due to the pressure on its token for node operator payouts, which triggers volatility risks. Storj pays its nodes in Storj tokens instead of fiat or stablecoins, which exposes the operators to price swings. Hence, when the token value drops sharply, payouts are affected, and Storj risks facing higher effective costs when buying back tokens to distribute. There are now fears that without price appreciation or a significant demand for its storage spaces, Storj could face a depletion of its token reserves for payouts by mid or late 2026. Some node operators and users have criticized the current token model as counterproductive for attracting and retaining node operators and have suggested alternatives, such as stablecoins or traditional payment processors, to address crypto volatility and forex issues. SRX taps retail liquidity for positive performance Retail interest appears to be consolidating around SRX as the value play for the month because of its defiant performance, which creates a positive loop where good performance is rewarded with stronger returns. The Storx Network’s robust node infrastructure acts as a key stabilizer. Unlike purely speculative assets, StorX is backed by a decentralized network of hosting nodes that earn SRX for storing encrypted data segments. By incentivizing node operators to provide storage capacity, StorX has an ecosystem where participants are less likely to liquidate during short-term market dips. The utility-driven demand appears to be mostly responsible for creating a price floor that other storage tokens have been unable to replicate. As such, while the market leaders bleed value, SRX has shown positive signs of stability with corresponding 7-day metrics that have helped it flip OG projects like Storj in the global market cap rankings. On the institutional side, the DePIN category is also tipped for growth by Messari analysts . Their 2025 report shows that a small but growing group of DePIN networks saw persistent onchain revenue growth even during times when the overall market was not doing so well. As far as Messari is concerned, this is proof that DePIN projects fare better in bear markets than regular alt projects and L1s. As enterprise demand for decentralized cloud storage grows, networks that offer consistent uptime and sustainable node rewards, like StorX, are expected to continue to capture market share from older, more volatile protocols.

BCH is weak at $511.80 in the weekly downtrend, distribution phase dominant. Critical $494 support and $532 resistance levels will determine the direction, BTC bearish correlation increasing the pr...

Cardano price is still facing a sell-off, but the overall market ranking has improved relative to Bitcoin Cash.

Wednesday, Feb. 4: DOGE jumps on Musk's $850 billion record as ETH tests a 24% rally setup. Cardano (ADA) flips BCH in a high-volume midweek market shift. Read more.

Summary Bitcoin Cash (BCH-USD) and Grayscale Bitcoin Cash Trust (BCHG) lack compelling catalysts or narrative tailwinds to justify a speculative long position. Network usage for BCH is at seven-year lows, with daily active addresses and transactions down 37% and 51% year-over-year, respectively. BCH trades at an MVRV ratio of 1.5, indicating valuation risk remains elevated, especially if the crypto bear market deepens. BCHG trades at a 16.4% discount to NAV, but the discount could widen further; I see no reason to be bullish on BCH or BCHG. It has been roughly seven months since I last covered Bitcoin Cash ( BCH-USD ) or the Grayscale Bitcoin Cash Trust ( OTCQX:BCHG ) for Seeking Alpha. To briefly recap my thoughts on both the fund and the underlying asset; a BCHG long position is essentially a speculative bet on the performance of BCH. My view has typically been that a speculative bet in the cryptocurrency space generally requires either a fundamental catalyst or a narrative tailwind of some sort. Data by YCharts Interestingly, since the publication of that last BCH piece that I wrote in June 2025, Bitcoin Cash has significantly outperformed Bitcoin ( BTC-USD ). Thus, the obvious question; is there a reason for this out-performance that would justify one of those speculative long positions in BCHG or BCH more directly? Born Out of Conflict Without getting into the entire history of Bitcoin Cash (which I first covered in 2021) the network came into existence as a hardfork from Bitcoin in 2017 following the 'blocksize war' that began a couple years prior. While several prominent early Bitcoin adopters initially supported the hard fork, Bitcoin Cash failed to take off. BCH/BTC Weekly Chart (TrendSpider) Peak to trough, BCH is down 98% from its 2018 high priced in BTC. That said, Bitcoin Cash has quietly out-performed Bitcoin going back to January 2025. Beyond that, one could make the argument that the coin has indeed broken out of its downtrend against BTC. But, as I said in the opening section of this article, better speculative plays come with either a fundamental or narrative catalyst backing the move. For that, we have to look at on-chain data as well as any potential headlines that could provide a shift in sentiment. Bitcoin Cash Network Usage & Sentiment Catalysts 30 Day Active Addresses: BCH (CoinMetrics) Without belaboring the point too much, the network usage story is simply not there for Bitcoin Cash. The chart above shows the long term trend for Daily Active Addresses (or DAAs) on the Bitcoin Cash network over a rolling 30 day average. Not only is the current number showing a 7 year low in DAAs, but at 26k DAAs in the month, January 2026 averaged nearly a 37% year-over-year decline in the metric from 2025: Bitcoin Cash January 2025 December 2025 January 2026 YoY MoM DAAs 41,205 31,533 26,035 -36.8% -17.4% Avg Txs 23,682 17,531 11,630 -50.9% -33.7% Source: CoinMetrics It's not much better in the transactions department where the 11.6k average daily transactions put the network down 51% from the same period last year; again, a seven year low. Despite these troubling usage trends, the valuation of the coin itself relative to the realized value of its purchasers is still well ahead of anything resembling what could be considered low. MVRV BTC vs BCH (CoinMetrics) At an MVRV ratio of 1.5, not only is BCH priced essentially in line with BTC, but judging by this indicator, the valuation of Bitcoin Cash could go much lower in a proper bear market; which I would argue we're already in. From a sentiment standpoint, the broader crypto market does indeed show bearish readings with CoinMarketCap's 'Fear and Greed' index reading a 17: Fear & Greed Index (CoinMarketCap) This would put the market in 'extreme fear' territory for the second time since November 2025. One of the things that I think could be hurting digital asset sentiment at the moment is the market digesting the recently released Epstein Files on January 30th. Among many other takeaways from that release, the files show that Jeffrey Epstein had at least rudimentary ties to some of Bitcoin's early adopters. Specifically, documents from the latest Epstein file release show that Epstein was an early investor in Lightning Network developer Blockstream. Blockstream's founder and CEO Adam Back acknowledged this in a February 1st post on X : In 2014, during Blockstream's seed-round investor roadshow, the company was introduced to then MIT Media Lab director Joi Ito. Subsequently Blockstream met with Jeffrey Epstein, who was described at the time as a limited partner in Ito's fund. That fund later invested a minority stake in Blockstream. A few months later, Ito's fund divested its Blockstream shares due to a potential conflict of interest, and other concerns. Blockstream has no direct nor indirect financial connection with Jeffrey Epstein, or his estate. In addition to the early connection with Adam Back, Epstein was also reportedly an early investor in Coinbase ( COIN ). To be clear, I'm not making a distinction either way about whether crypto-specific Epstein investments made many years ago diminish the viability of those same investment ideas today. What I will say is there are sure to be some who don't view this as positive news and may view it as a final straw for an asset class that has yet to have it's full capitulation moment in a bear market. Furthermore, in the event there are any Bitcoiners who view potential ties to Jeffrey Epstein early in the network's history as a big enough reason to look elsewhere in the cryptocurrency market, Bitcoin Cash could theoretically benefit since it shares so many similarities to the initial network. That said, that would not be a speculation that I would personally wager a large amount of capital on. Grayscale Bitcoin Cash Trust For those who do want exposure to Bitcoin Cash, Grayscale's Bitcoin Cash Trust truly is the only real option in the traditional financial markets. Unlike many other assets in the space, Bitcoin Cash is not an asset that has benefited from spot ETFs or large institutional flows through diversified crypto products. However, like many Grayscale funds, BCHG does trade at a size-able discount to net asset value: BCHG NAV Premium/Discount (CoinGlass) As of February 2nd, shares of BCHG trade at a 16.4% discount to NAV. This is the biggest the NAV discount has been in BCHG since fourth quarter 2023 when it flipped from a discount to a premium during the pre-BTC spot ETF approval rally across the sector. The fund has been trading at a NAV discount for several months dating back to Q2-25. However, before jumping into BCHG on any potential arbitrage strategy, I would caution that this NAV discount could get much worse before it gets better. The fund traded at a deep discount for almost two entire years during the last 'crypto winter.' At one point in December 2022, BCHG had a NAV discount just shy of 60%. Closing Summary BCHG as a Bitcoin Cash proxy and arbitrage play makes some sense if we're closer to the end this crypto cycle's bear market than the beginning. I don't happen to think we're closer to the end than the beginning. Additionally, the usage of the Bitcoin Cash network itself is lackluster. Bitcoin Cash is bordering on a 'ghost town' blockchain as I see it. Furthermore, I don't think Bitcoiners who may be upset about Jeffrey Epstein's early Bitcoin connections are likely to leave BTC for BCH. Rather, to the degree that any leave Bitcoin over Epstein funding developers I would suspect they'll just leave the space entirely rather than pivot to another coin. At this juncture, I don't see any real reason to be bullish BCH. Thus, I don't see a reason to be bullish BCHG either.

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Choosing the right cryptocurrency can feel overwhelming with so many options and complex features. You want security, speed, and low transaction costs but every platform claims to offer something unique. How do you know which ones truly stand out for practical everyday use and future growth? This guide cuts through the confusion by highlighting the standout traits and advantages of key cryptocurrencies. You will see how each platform solves common problems like slow transactions, high fees, and environmental impact. Discover concrete insights that will help you make smarter decisions whether you are investing, sending money internationally, or exploring new blockchain technology. Quick Summary Key MessageExplanation1. Bitcoin Cash offers low fees and fast transactionsIts larger block size allows for quicker confirmations and reduced costs, ideal for everyday use and international transfers.2. Ethereum empowers with smart contractsThis platform facilitates automated agreements, decreasing costs and allowing complex applications across various industries.3. Cardano prioritizes energy efficiencyUtilizing a proof-of-stake system, Cardano ensures lower carbon footprints while maintaining scalability and security.4. Solana achieves remarkable transaction speedIts innovative architecture allows for thousands of transactions per second, making it suitable for decentralized finance and applications.5. Polkadot enables blockchain interoperabilityThis platform connects diverse blockchains, facilitating asset transfers and collaboration across networks, enhancing technological potential. 1. Bitcoin Cash: Fast and Low-Cost Transactions In the world of cryptocurrency, Bitcoin Cash offers a pragmatic solution to traditional digital payment limitations. By addressing critical transaction speed and cost challenges, this alternative cryptocurrency provides users with a more efficient financial tool. Bitcash emerged from a strategic hard fork of Bitcoin in 2017, specifically designed to resolve scalability issues. The key innovation lies in its dramatically larger block size up to 32 MB, which enables several critical advantages: Faster transaction confirmations Significantly lower transaction fees Enhanced network throughput Improved global payment accessibility Bitcoin Cash aims to function as a practical digital currency for everyday transactions, not just an investment vehicle. The network operates continuously, giving users complete autonomy over their funds without relying on intermediary financial institutions. By enabling reliable money transfers worldwide , Bitcoin Cash creates opportunities for individuals in regions with limited banking infrastructure. Investors and users appreciate Bitcoin Cash for its emphasis on practical usability. The cryptocurrency supports micropayments and large transactions alike, with confirmation times measured in minutes rather than hours. This makes it particularly attractive for international money transfers and small business transactions. Pro tip: Always compare transaction fees and confirmation times across different cryptocurrencies before selecting a payment method for your specific needs. 2. Ethereum: Leading Smart Contract Platform Ethereum represents the gold standard of blockchain technology, revolutionizing how digital transactions and agreements can be executed globally. As a decentralized platform with unprecedented programmability, it enables developers and businesses to create complex applications beyond simple financial transactions. At its core, Ethereum introduces smart contract functionality, allowing automated and trustless agreements that execute precisely when predefined conditions are met. These programmable contracts remove intermediaries and reduce transaction costs across multiple industries. Ethereum supports a wide range of decentralized applications that span multiple sectors: Decentralized Finance (DeFi) Non-Fungible Token (NFT) marketplaces Decentralized Autonomous Organizations (DAOs) Blockchain-based gaming platforms Supply chain management solutions Ethereum transforms digital interactions by enabling programmable, secure, and transparent transactions without centralized control. The platform’s native cryptocurrency, ether (ETH), powers these transactions and provides economic incentives for network participants. By transitioning to a proof-of-stake mechanism, Ethereum dramatically reduced its energy consumption while maintaining robust security and scalability. Cryptocurrency investors and developers are drawn to Ethereum’s vibrant ecosystem and continuous innovation. Its academic research initiatives demonstrate a commitment to long-term technological advancement, with over $2 million invested in critical blockchain research. Pro tip: Always research the specific smart contract capabilities and recent upgrades before investing in or developing on the Ethereum platform. 3. Cardano: Energy-Efficient Blockchain Solution Cardano emerges as a groundbreaking blockchain platform that challenges traditional cryptocurrency models by prioritizing sustainability and scientific research. Unlike energy-intensive proof-of-work blockchains Cardano fundamentally reimagines blockchain technology through an environmentally conscious approach. At the heart of Cardano’s innovation is the Ouroboros proof-of-stake consensus mechanism, which dramatically reduces energy consumption compared to legacy blockchain networks. This unique approach offers multiple advantages: Significantly lower carbon footprint Enhanced network scalability Improved transaction efficiency Robust security protocols Sustainable blockchain infrastructure Cardano represents the future of blockchain technology: intelligent, sustainable, and scientifically validated. The platform distinguishes itself through rigorous academic partnerships and peer-reviewed research methodologies . By integrating scholarly insights directly into blockchain development, Cardano creates a more transparent and systematically validated cryptocurrency ecosystem. Investors and technology enthusiasts are increasingly drawn to Cardano’s commitment to environmental responsibility. Its proof-of-stake model ensures that blockchain technology can expand without compromising global sustainability goals, making it an attractive option for environmentally conscious digital asset participants. Pro tip: Always evaluate a cryptocurrency’s energy consumption and sustainability model before making investment decisions, as these factors increasingly influence long-term market perception and value. 4. Solana: High-Speed, Scalable Altcoin Choice Solana represents a revolutionary breakthrough in blockchain technology, delivering unprecedented transaction speeds and remarkable cost efficiency. As a cutting-edge blockchain platform, it challenges traditional cryptocurrency limitations by offering lightning-fast processing capabilities. Innovative blockchain architecture enables Solana to achieve extraordinary performance metrics through unique technological approaches: Thousands of transactions per second Ultra-low transaction fees (around $0.01) Robust support for decentralized applications Advanced smart contract capabilities Minimal network congestion Solana transforms blockchain technology from a slow infrastructure into a high-speed digital ecosystem. The platform’s core strength lies in its groundbreaking Proof of History consensus mechanism, which allows for unprecedented transaction verification speed. Network performance attracts developers worldwide , particularly those building Web3 applications that require rapid, cost-effective processing. Cryptocurrency investors and technology enthusiasts appreciate Solana’s potential to support complex decentralized finance, gaming, and social networking platforms. Its ability to process transactions thousands of times faster than traditional blockchains positions it as a formidable player in the digital asset landscape. Pro tip: Evaluate Solana’s network activity and developer ecosystem when considering investment, as sustained technological innovation is crucial for long-term blockchain platform success. 5. Polkadot: Connecting Multiple Blockchains Polkadot represents a groundbreaking approach to blockchain technology that transcends traditional single-chain limitations. As a next-generation blockchain protocol, it enables seamless communication and collaboration between diverse blockchain networks. Cross-chain interoperability defines Polkadot’s revolutionary architecture through several innovative features: Trustless cross-chain messaging Shared network security Scalable multi-chain infrastructure Efficient asset transfers between blockchains Decentralized ecosystem collaboration Polkadot transforms blockchain technology from isolated networks into a unified, interconnected digital landscape. The platform’s unique design centers around its Relay Chain and parachains, which enable secure communication protocols between different blockchain networks. This approach solves critical challenges of liquidity fragmentation and limited blockchain interactions. Cryptocurrency investors and developers are attracted to Polkadot’s potential to create a more integrated and flexible blockchain ecosystem. By allowing different blockchain networks to communicate and share resources, Polkadot opens unprecedented opportunities for technological innovation and decentralized application development. Pro tip: Assess a blockchain project’s interoperability potential and cross-chain communication capabilities before investing, as these features increasingly determine long-term technological relevance. 6. Chainlink: Powering Secure Data for Crypto Apps Chainlink represents a revolutionary approach to bridging blockchain technology with real-world data streams. As a decentralized oracle network, it enables smart contracts to securely access external information with unprecedented reliability and accuracy. Oracle technology transforms blockchain applications through several critical innovations: Secure data transmission across networks Verified external information feeds Decentralized data validation Cross-blockchain interoperability Tamper-resistant information channels Chainlink turns smart contracts from isolated systems into dynamic, data-responsive platforms. The platform provides a crucial infrastructure layer that allows blockchain applications to interact with real-world data sources. By creating a network of independent node operators who verify and validate information, Chainlink ensures that smart contracts receive accurate and timely external data. Cryptocurrency developers and investors recognize Chainlink as a foundational technology powering decentralized finance, insurance, and global financial systems. Its ability to create trustless connections between blockchain networks and external data sources makes it an essential component of the emerging Web3 ecosystem. Pro tip: Evaluate an oracle network’s data validation mechanisms and node diversity when assessing its potential reliability and long-term sustainability. 7. Avalanche: Quick Settlement and Low Fees Avalanche emerges as a groundbreaking blockchain platform designed to solve critical performance limitations in cryptocurrency transactions. As a next-generation blockchain solution, it delivers unprecedented speed and efficiency for digital asset exchanges. Multi-chain architecture enables rapid transactions through several innovative features: Sub-two-second transaction finality Up to 4,500 transactions per second Extremely low transaction costs Scalable smart contract platforms Support for decentralized applications Avalanche transforms blockchain from slow infrastructure into a lightning-fast digital ecosystem. The platform’s unique design incorporates three interoperable blockchain networks specialized for different transaction types. This architectural approach allows Avalanche to maintain high security while delivering remarkable performance across assets, smart contracts, and staking mechanisms. Cryptocurrency investors and developers appreciate Avalanche for its ability to support complex decentralized finance protocols with minimal latency. Its proof-of-stake consensus mechanism ensures both environmental sustainability and network reliability. Pro tip: Always evaluate a blockchain platform’s transaction speed, fees, and scalability before making investment decisions or building decentralized applications. The following table summarizes the key features, benefits, and considerations related to the cryptocurrency platforms discussed in the article. PlatformMain FeaturesKey BenefitsBitcoin Cash32 MB block size; fast confirmation; low feesIdeal for everyday transactions, including micro and large paymentsEthereumSmart contract functionality; versatile decentralized applicationsPioneering programmable agreements with reduced energy consumptionCardanoProof-of-stake consensus; rigorous academic validationEnvironmentally sustainable approach with robust scalabilitySolanaProof of History mechanism; high transaction throughputSuitable for Web3 applications needing rapid processingPolkadotCross-chain interoperability; shared security networkUnites various blockchains for integrated functionalityChainlinkOracle network; decentralized data transmissionEnables secure and accurate external data for smart contractsAvalancheThree-chain architecture; proof-of-stake mechanismEfficient, low-cost transactional platform with rapid finality Discover More About Altcoins and Blockchain Innovation with Crypto Daily Understanding critical altcoins like Bitcoin Cash, Ethereum, and Cardano can feel overwhelming. This article highlights essential challenges such as scalability, sustainability, and interoperability that every investor and enthusiast faces. Navigating fast transaction speeds, energy-efficient solutions, and secure smart contracts requires reliable news and expert insights to stay ahead. At Crypto Daily , we bridge the gap between complex blockchain concepts and real-world applications. Stay informed on the latest developments in altcoins, blockchain research, and crypto market trends so you can make confident investment decisions. Experience unrivaled coverage on innovations such as Proof-of-Stake consensus, cross-chain communication, and decentralized finance. Don’t miss your chance to deepen your crypto knowledge and seize new opportunities. Visit Crypto Daily now to explore comprehensive updates tailored for savvy investors and developers alike. Your next smart crypto move starts here. Frequently Asked Questions What are altcoins, and why should I invest in them? Altcoins are any cryptocurrencies that are not Bitcoin, and they typically offer unique features or use cases. Investing in altcoins can diversify your portfolio and potentially provide higher returns compared to more established cryptocurrencies. Start by researching altcoin projects that align with your investment goals. How do I evaluate the potential of an altcoin? Evaluate an altcoin’s potential by examining its technology, use case, team background, and community support. Look for metrics like market capitalization and trading volume to gauge interest. Aim to establish clear criteria for assessing altcoins before making investment decisions. Are there risks associated with investing in altcoins? Yes, investing in altcoins carries risks such as price volatility, regulatory changes, and project sustainability. To mitigate risks, allocate only a portion of your investment portfolio to altcoins and regularly review your investments’ performance. Establish a strategy to limit losses by setting stop-loss orders. How can I stay informed about developments in the altcoin market? Stay informed by following cryptocurrency news sites, joining online forums, and engaging with altcoin communities on social media. Subscribe to newsletters and alerts for updates on specific projects you are interested in. Make it a habit to check for updates at least once a week for meaningful insights. What fundamental features should I look for in a promising altcoin? Look for features such as scalability, security, and innovative use cases in a promising altcoin. Projects that address real-world problems or have strong technical backing tend to perform better long-term. Create a checklist of essential features to evaluate before investing in new altcoins. How can I effectively track my altcoin investments? Track your altcoin investments by using portfolio management tools or apps that provide real-time data and performance tracking. Regularly update your investment figures to monitor gains or losses and adjust your strategies as needed. Review your portfolio at least monthly to stay aligned with your financial goals. Recommended These Coins Are Quietly Outperforming the Market — Here’s Why People Are Watching - Bitzo Keep Eye on These 5 Coins That Could Outperform Once Capital Rotation Reverses Toward Alts - Bitzo These 5 Tokens Are Attracting Quiet Accumulation as Prices Fall Across the Market - Bitzo These Cryptos Are Showing Relative Strength in a Weak Market - Bitzo Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

BCH RSI at 37.86 is approaching oversold, carrying bullish divergence potential. MACD bearish histogram is widening, downtrend dominates below EMA20.

BCH is leaning on the primary support at 535.90$ and 531.97$, a breakdown could lead to 507.90$. Resistance at 557.78$ is critical, BTC downtrend could trigger lower lows.