Bitcoin SV bids adieu to two major crypto platforms in one month

Sahana Kiran
Bitcoin SV
Source – Unsplash

Bitcoin SV [BSV], one of the earliest cryptocurrencies were being sidelined by newer assets. The altcoin once was the talk of the crypto town. The fact that Craig Wright, the founder of BSV claimed to be Satoshi Nakamoto further put the altcoin under the crypto spotlight. While the fervor around BSV has died down, several exchanges were seen ousting the altcoin from their platforms.

Voyager happened to be the latest one to do so. The platform took to Twitter and announced that it would delist Bitcoin SV towards the end of May 2022.

“On May 30, 2022, Voyager will delist Bitcoin Satoshi’s Vision (BSV) from our platform. If you hold $BSV on #Voyager, please check your inbox for further details.”

While some were visibly enraged with this move, a few others were lauding Voyager for kicking BSV out. One tweet that caught the eye of Bitcoin SV advocate, Calvin Ayre was a comparison of BSV to Windows Vista.

Sadly, this isn’t the first platform that was delisting BSV. Another crypto platform called Coinomi bid adieu to the altcoin just yesterday. However, unlike Voyager this platform revealed the reason behind its latest move. Earlier in April, Coinomi tweeted,

Other platforms that don’t support Bitcoin SV include, Binance. The world’s largest crypto exchange ousted BSV back in 2019 itself. This was a rather controversial delisting process as Changpeng Zhao, the CEO of Binance outrightly called Wright a “fraud”.

Is Bitcoin SV gliding towards its end?

Bitcoin SV was one of the top-ranked cryptocurrencies for years. However now, the altcoin seems to have witnessed a massive fall. At present, BSV sits as the 60th largest cryptocurrency with a market cap of $1,398,778,698. Steering over to its price, BSV was visibly in a slump. Just a year ago, the altcoin managed to surge to an all-time high of $491, but now, the altcoin is 85 percent below this number.

During press time BSV was trading for $73.36 with no major changes in its price.

Meanwhile, BSV’s counterparts that emerged during the same time like Bitcoin [BTC], Bitcoin Cash [BCH], Litecoin [LTC], and XRP were all seen doing much better. BTC continues to remain the undefeated champion and has witnessed impeccable growth over the years.

As XRP deals with a lawsuit by the SEC, Bitcoin Cash and Litecoin have been maintaining a rather low profile. LTC is all set to implement MimbleWimble and give its network a makeover. BCH, on the other hand, was trying to stay afloat concerning its price as well as market cap.

While the fate of BSV is under the wraps, more platforms are likely to bid farewell to the altcoin.