Whenever there's a hard fork, there's a chance one coin splits into two. The first time this occurred was with Ethereum in July 2016, due to the DAO Hack, which created Ethereum Classic. Since then, other notable forks include Bitcoin to Bitcoin Cash (July 2017), Bitcoin Cash to Bitcoin SV (November 2018), Litecoin to Litecoin Cash (February 2018), and Monero to Monero Classic (April, 2018).
All these splits happened for philosophical reasons I won't get into, but what I am interested in exploring is how the old and new chains reacted in the market and how the price action played out.
The following table lists the 5 hard forks that caused the splits. The prices listed were gathered from CoinMarketCap and listed as the close price on the appropriate date. You will be able to see the price movements through the years and the relative difference of the old chain to the new chain. The dates listed are the first date CMC had price info on the coin, not necessarily the day the fork happened.
NOTE: To scroll through the table, scroll to the bottom of the post. There will a scroll bar.
| Chain Split | Date | Original Chain Price 1 day before split | Original Chain Day of Split | New Chain Day of Split | OG Chain 1 month later | New chain 1 month later | OG 1 year later | New 1 year later | OG 2 years later | New 2 years later | OG 3 years later | New 3 years later | OG 4 years later | New 4 years later | OG 5 years later | New 5 years later | OG 6 years later | New 6 years later |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ethereum to Ethereum Classic | 7/24/2016 | $14.30 | $12.75 | $0.93 | $11.04 | $1.44 | $224.71 | $15.88 | $479.00 | $16.63 | $217.00 | $6.12 | $279.00 | $6.25 | $2189 | $4948 | $1599.00 | $25.60 |
| Ratio OG: New | 13.72 | 7.67 | 14.15 | 28.80 | 3546 | 44.64 | 44.24 | 62.46 | ||||||||||
| . | ||||||||||||||||||
| Bitcoin to Bitcoin Cash | 7/23/2017 | $2810.00 | $2730 | $413 | $4151 | $669 | $7711 | $788 | $9900 | $298 | $9581 | $237 | $33581 | $455 | $22465 | $122 | ||
| Ratio | 6.61 | 6.20 | 9.79 | 33.22 | 40.43 | 73.80 | 184.14 | |||||||||||
| . | ||||||||||||||||||
| Litecoin to Litecoin Cash | 2/21/2018 | $232.85 | $213.35 | $4.71 | $169.05 | $0.29 | $49.15 | $0.011 | $73.45 | $.00601 | $227.23 | $0.0114 | $103.45 | $0.00801 | ||||
| Ratio | 45.30 | 584.95 | 4,388.39 | 12,221 | 19,932 | 12,916 | ||||||||||||
| . | ||||||||||||||||||
| Monero to Monero Classic | 4/20/2018 | $238 | $271 | $6.40 | $203 | $8.14 | $69.52 | $0.95 | $55.07 | $0.18 | $401.21 | $0.63 | $266.56 | $0.34 | ||||
| Ratio | 42.34 | 24.94 | 72.87 | 311.13 | 635.83 | 774.88 | ||||||||||||
| . | ||||||||||||||||||
| Bitcoin Cash to Bitcoin SV | 11/9/2018 | $574 | $544 | $68.75 | $109 | $97.42 | $282 | $130 | $263 | $160 | $716 | $192 | Today- $115 | Today- $51 | ||||
| Ratio | 7.91 | 1.12 | 2.17 | 1.64 | 3.73 | 2.25 |
Looking at this data, the 5/6 coin splits had the new chain outperform the original chain after 1 month, but only 1/6 chains (BCH to BSV) had the new chain outperform the old chain over time and this was a split of a split.
If my Ethereum splits into 2 separate tokens, I may hold on to the new one for a brief period, but I'm going to make sure I sell it before the year is out!
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