aelf (ELF) token depreciating due to being threatened by Bitcoin SV?

aelf (ELF) token depreciating due to being threatened by Bitcoin SV?

aelf (ELF) token depreciating due to being threatened by Bitcoin SV?

Is the aelf (ELF) token depreciating due to being threatened by Bitcoin SV? The conflict began after the head of the small startup called Craig Wright a fraud.

The Bitcoin SV community promised to bring the cost of the aelf token to zero after the head of blockchain start-up Ma Haobo called Craig Wright a crook and said to boycott BSV in China by running the hashtag #BoycottBSVAndCryingFaketoshi. The initiative was supported by co-founder of a large mining pool, Poolin, Zhu Fa, and F2Pool co-founder Mao Shixing, writes 8btc.

In response, supporters of Bitcoin SV recalled that their project has a capitalization of $ 3.6 billion, and aelf only $ 105 million. They claimed that they will be able to destroy the startup, reducing the cost of its token to zero.

At the moment, aelf is on the 80th place in the list of the largest cryptocurrencies by capitalization. The conflict had no effect on the rate of the token, which is currently trading at 2 times the ICO price in dollars and 3 times higher than Ethereum.

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About Shawn Morrison 204 Articles
One of the founders of BitzArena. Active with crypto currency since the rise of the bitcoin. Loves the innovative character of crypto and blockchain technology, and follows developments in the market closely. Likes to connect technology with business, and likes to make difficult concepts accessible to a wide audience.

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