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    Bitcoin Cash Emerges as Top-Performing Layer 1 Asset of the Year with 40% Increase

    Ethan CarterBy No Comments3 Mins Read
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    Bitcoin Cash (BCH) has emerged as the “top performer” among Layer-1 assets this year, rising nearly 40% and surpassing all major blockchain networks.

    According to new data released by analyst Crypto Koryo, Bitcoin Cash (BCH) has outperformed BNB (BNB), Hyperliquid (HYPE), Tron (TRX), and XRP (XRP), which have only recorded modest increases. Most other L1s, such as Ethereum (ETH), Solana (SOL), Avalanche (AVAX), Cardano (ADA), and Polkadot (DOT), remain significantly in the red for the year, with some down over 50%.

    Koryo pointed out that Bitcoin Cash’s impressive performance comes even though the project lacks an official X account. The analyst credited this success to a favorable combination of supply dynamics and new demand factors.

    From a supply perspective, BCH has no token unlocks, no foundation treasury, and no venture-capital overhang, minimizing selling pressure. “The entire supply is circulating. No unlocks. No foundation, [no] VCs dumping,” Koryo mentioned.

    019af8a0 9f67 717d b967 08cd47c7a31b
    BCH becomes the best performing L1 of the year. Source: Crypto Koryo

    Related: Three Binance Bitcoin charts indicate BTC’s next significant move

    Bitcoin to dip to $87K before bouncing back to $100K

    Meanwhile, Bitcoin may experience a brief pullback prior to continuing its rise towards six figures, according to trader Michaël van de Poppe.

    In a Sunday update on X, the analyst outlined a bullish scenario where BTC drops to around $87,000 ahead of next week’s Federal Reserve meeting, clearing recent lows before setting up for a rapid rebound.

    Van de Poppe expects the upward trend to resume once Bitcoin tests support and breaks past the crucial $92,000 level, a move he believes could lead to a run towards $100,000 within one to two weeks. He attributes this outlook to a favorable macro backdrop, including reduced quantitative tightening, anticipated rate cuts, and an increasing money supply.

    However, he highlighted two invalidation points: falling below $86,000, which could lead to a drop to $80,000, or failing to break and maintain above $92,000.

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    Source: Michaël van de Poppe

    Related: Bitcoin disproves the tulip myth after 17 years of proven resilience, says ETF expert

    Bitcoin bull cycle may still be on

    As reported by Cointelegraph, technical analyst TXMC has noted that Bitcoin’s “liveliness” indicator, a long-term measure of on-chain coin spending versus holding, is on the rise again, a trend historically linked to bull market phases.