The quiet and “rarely covered in the media” token, Bitcoin Cash [BCH] has gained 11% in the past 24 hours to make it the biggest gainer in the top 10 coins according to market cap. Bitcoin Cash was trading at $1019 at press time with a market cap of $17 billion. Although still far away from its all-time high of $4000 which it hit on December 20th, BCH’s sudden spike has got many investors excited.
Bitcoin Cash solved the scalability issue with an 8MB block which was one of the major issues with Bitcoin. Following the decentralization philosophy, with multiple independent development teams, the architecture would be protected and free of any political or social attacks. Although the technology itself was safe, the dramatic drop in value could not be protected as it follows the Bitcoin drama.
Robin Lopez, a BCH investor and a miner says,
“Finally some its some BCH time. Been waiting for it.. To the moon now!”
Andy Miller, a financial advisor and a cryptocurrency investor from Chicago says,
“Remember just a few days ago how NEM rocketed and went against the tide?? It crashed hard after that. What do you think is going to happen to BCH. It’s funny how badly people want BCH to win, the truth is no one uses it”
A reddit user Jesserommie commented,
“Im just impressed by the motion bch can have against btc that eth does not. Even for alts it will be good. Because btc is holding everybody down…”
Kurt Thomas, a blockchain developer and a crypto enthusaist says,
“Looks more like someone just pumped in some money. Bitcoin cash has the potential to beat every other token out there”
Other speculations have suggested that the current increase in prices could be due to the Japanese firm Mikan launching a Bitcoin Cash wallet later. 22% of the trade volume has come from OKEx which has a USDT and a BTC pairing for BCH.
The post Bitcoin Cash [BCH] the clear winner in the past 24 hours with a 10% bounce to breach $1000 again! appeared first on AMBCrypto.
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