Crypto news: price trends of Bitcoin Cash, Sei and Stellar

Recently, Bitcoin Cash (BCH) and other major altcoins are marking an upward trajectory in their exchange values, thanks to a recent announcement indicating a favorable decision by the US federal appeals court.

Timeline of Bitcoin-cash, Sei, Stellar

Bitcoin cash (BCH) was one of Wednesday's biggest gainers, as markets remained jubilant following the Grayscale court ruling. Following a recent streak of consolidation, the global crypto market cap rose by as much as 4% on the news. toncoin (TON) also surged, climbing nearly 16% higher.

Stellar (XLM) is one of these rare altcoins that boasts a long and positive trading history. Created in 2014 and launched a year later, the protocol for payment providers and financial institutions has been at the top of the cryptocurrency rankings for years.

Bitcoin Cash (BCH) has reclaimed the $200 territory as the bulls look to reclaim losses from the altcoin market slump in mid-August. A vital on-chain indicator suggests that the BCH price rally is still some way off peak momentum.

Bitcoin Cash (BCH) and several prominent altcoins are experiencing an upward trajectory in their trading prices, attributed to a recent report indicating a favorable ruling by the US federal appeals court. The court's decision suggests that the US Securities and Exchange Commission (SEC) erred in its rejection of Grayscale's application for a spot bitcoin exchange-traded fund (ETF).

One of the first decisions made when building Soroban, the Stellar network‘s smart contract platform, was “choosing a platform for it to run on.” The developers say they decided “to build on WebAssembly (Wasm) in April of 2022.

Bitcoin price jumped by more than 5% on Tuesday after Grayscale won a major lawsuit against the Securities and Exchange Commission (SEC). The coin rose by more than 5%, triggering a major rebound in the altcoins market.

Weeks after the launch of Sei Network, the Layer 1 blockchain protocol has started facing an exodus from foundational decentralized applications (dApps) in what is proving to be a distressing situation for the protocol. The latest protocol to desert the Sei Network is BlueMove, a multi-chain NFT market designed with the Move language.

Cryptocurrencies are more than just price action, market capitalization, and tokenomics. Such innovative technology, moving a trillion-dollar market, is actually meant to be used by people, in order to solve real-world problems.

The Stellar Development Foundation recently became a member of the Bytecode Alliance, the key group championing the progress of WebAssembly, more commonly known as Wasm. An announcement on August 21 by Tomer Weller, the foundations product leader, brought this information to light.

This week, a 1,500% spike in large transactions has sent the BCH price into the recovery zone according to the daily RSI signal. Can larger investors drive the BCH price toward reclaiming $250 in the coming weeks?