Bitcoin Cash Claims Close To $7 Billion in the Cryptocurrency Market
Bitcoin Cash Claims Close To $7 Billion in the Cryptocurrency Market
Joke is on all the exchanges who did not support Bitcoin Cash, BCH (formerly known as BCC) has knocked off Litecoin to become the 4th larget cryptocurrency. The price dropped below 300$ on the 31st just to rebound to 373$ on the 1st of Aug.
Amaury Sechet, who is a lead developer for bitcoin cash, said it will have to prove itself over time. But from the looks of it, with the team's plan to increase the block size by 8 folds, BCH is here to stay. However, as exchanges support BCH trades, holders who acquired the coin through the fork might be selling off and reinvesting elsewhere, which could lead to a plunge. In the long term though, Bitcoin Cash will probably have a bright future, potentially brighter than Bitcoin. The exchanges and wallets that support bitcoin cash are listed on its website: https://www.bitcoincash.org/
UPDATE: As of today BCH is being traded at 0.4 BTC or 1154$ on Bittrex, there will be a correction happening when more exchanges support the coin.
I don't know what will happen but, this sure is fun to watch.
I must agree, unprecedented growth, 300% in a day.
the price jumped to 1333$ on Bittrex, let that be 350% growth in a day.