The hard fork won’t happen until November 15th, but traders on Poloniex have already expressed their preference. The crypto exchange opened pairs with BTC and USDC, the exchange’s own stablecoin, for both Bitcoin Cash ABC (BCHABC) and Bitcoin Cash SV (BCHSV). Currently BCHABC is worth ten times as much as BCHSV.
BCHABC is currently worth 536 dollars. Since Poloniex opened trades it increased its value with 34 percent. BCHSV on the other hand dropped a stunning 52 percent in value and is now trading for 52 dollars.
On November 15th the Bitcoin Cash blockchain will be copied and split in two. This hard fork will result in Bitcoin Cash ABC and Bitcoin Cash SV.
Bitcoin Cash ABC is a continuation of the current line of Bitcoin Cash, with an added update. Bitcoin Cash SV is the creation from a group of developers who do not agree with the Bitcoin Cash road map and feature implementation. Therefore they are moving away from Bitcoin Cash and created their own branch.