MGT Capital Investments Inc. (MGTI)

[starkd748]

Looks like a swing between bitcoin and bitcoin cash ......whose has the best techinals will win...ethereum will pop next........

Difficulty Set to Increase

However, the increased bitcoin cash hash rate means blocks are now being found every few minutes. One recent block was only 0.19KB in size. Consequently, many people expect the difficulty to adjust again, making it harder to mine bitcoin cash:

This, in turn, should make bitcoin cash less profitable to mine and cause miners to switch back to the main blockchain (at least temporarily). Of course, if enough miners leave the network, it could trigger another difficulty adjustment. Anticipating this volatility, ViaBTC announced a mining service that will automatically put users on the most profitable chain.

The anticipated difficulty adjustment is likely putting downward pressure on the bitcoin cash price since many traders can currently sell their coins at a significant profit and avoid the uncertainty that will accompany a rapidly-swinging network hash rate.

Featured image from Shutterstock.