Bitcoin Cash Fork

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Let’s briefly look at that precedent. After TheDAO and the contested hard fork, Ethereum Classic launched at at price of $0.75 before settling at $2.85 within the first 72 hours of trading. Ethereum itself experienced volatility, trading at around $15 immediately prior to the fork, before crashing after the ETC launch to a low of $7 before ultimately settling in the $11–12 range for the next two months. In the short term, the ETH+ETC value was roughly equivalent to ETH before the fork, in the medium term it actually dipped below that initial figure, and then ultimately, of course, both networks experienced colossal growth. Therefore, ethereum behaved as one might expect according to network theory, as the fork was a value-destroyer in the medium term.