More than 44 forks of Bitcoin have lost value and are near worthless

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During the last three years, more than 44 forks of the Bitcoin network were created and many of them have lost significant value and are near worthless. To-date in 2020 only a few of the forks that stem from Satoshi’s creation have remained relevant.
There are three branches of Satoshi Nakamoto’s codebase which have commanded top positions within the top fifteen coins in the crypto coin market industry. 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.
Out of the $335 billion market cap stemming from all 7,600+ crypto assets, BTC captures 58% of the value, while BCH commands 1.2% and BSV’s market cap is 0.83% Meanwhile, over 40 other Bitcoin network forks that were born after August 2017, have lost notable value during the last two years.
In 2017, just before the all-time price highs in the crypto world, a lots of people and organizations wanted to create forks from the BTC network. That year most of the news were about all the forks, snapshots, and airdrops that took place during the 12-month timeframe. Every one of them had a unique name related to the word “bitcoin,” and they all offered some benefits that BTC does not offer network participants.
This included bitcoin zero (BZX), micro bitcoin (MBC), bitcoin clean (BCL), bitcoin gold (BTG), classic bitcoin (CBTC), bitcoin cloud (BCL), big bitcoin (BBC), bitcoin atom (BCA), bitcoin interest (BCI), bitcoin smart (BCS), bitvote (BTV), bitcoin private (BTCP), and bitcoin rhodium (BTR).
Most of these forks have lost value during the last two years except for those three mentioned. Before launching these forks the founders told the public that every fork had a special purpose.
Every BTC fork, snapshot, and airdrop that is trading on exchanges for a small amount of value can still be acquired today. However, most major cryptocurrency exchanges do not support them unless they have decent liquidity. They are supported by smaller crypto trading platforms and it’s possible to trade them for a fraction of value. Although, news.Bitcoin.com has reported on different occasions on how obtaining forked assets can be a “long and annoying process.”
 

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