Bitcoin2x – this is the cryptocurrency that I think has the potential to explode next. This cryptocoin should be created after the hard fork in Bitcoin, known as Segwit2x, which aims to increase the space in a block, speed up processing, and cut costs.
In fact, I think Bitcoin2x (B2X) is one of the few cryptocurrencies that exploded in price even before they came out.
Check the B2X futures price below – yesterday we had $1200, then the price peaked at $2400 during the same day, and at the moment of writing it shows $1800:
This is an incredible rally for one day. Even Bitcoin can get envious on this. When it was the last time when Bitcoin added $1000 during a single day?
So, we don’t really know what might happen after the hard fork this month (November 2017), but rest sure the event will have a huge impact.
Otherwise, major players of the cryptocurrency world would not support it.
A July Forbes article commented on the coming fork:
That moment, which comes in November, is most likely to decide whether Bitcoin will remain one network or split into two. That is the point when “you have to get all the markets to agree that what we used to call Bitcoin is no longer Bitcoin,” said Bitcoin core developer Eric Lombrozo.
“It’s important to realize that’s not necessarily a sure thing,” said Hoffman. “This is clearly going to be a massive, contentious time period.”
Many exchanges will support the new coin, including Coinbase. If the media will also put their accent in this game, then we can see a hype around B2X as well, which may attract investors’ attention because of fast transaction speed, low payment, support from big names, tons of news posts, etc.
In fact, B2X can slowly replace Bitcoin itself, which means it will increase in by many times.
A recent Fortune article agrees that no one is sure which of the two will keep the leading position, but:
If most miners get behind the proposed split—and stay behind it—that will likely make the big block version the de facto official version of bitcoin.
So, if there is a currency that should explode next, then I think it’s B2X, even if it hasn’t appeared yet.
We’ll see what happens.