Bitcoin Cash [BCH] is in an intense fight with Ripple [XRP] to determine who takes the 3rd spot on the crypto-rankings.
Bitcoin Cash has a market cap of $28.29 billion. It has a circulating supply of $17.12 million and a volume of $1.13 billion. It is currently priced at $1,652.43 as of 10th may 2018.
Bitcoin Cash’s price needs to reach around $2000 to take the 3rd spot. This is highly possible as BCH increased from $600 to $1700 in one month. The coin has had a 5.57% growth rate over the past 24 hours.
Many speculate the fork which will happen on the 15th of May might be the main factor in BCH beating XRP. The fork is an upgrade to BCH. The block size of Bitcoin cash is upgraded from 8 megabytes to 32 megabytes. The update will also allow developers to create smart contracts on the bitcoin cash network.
There is a lot of speculation that the fork will increase the number of BCH transactions due to increasing speed and reduction in the price of transactions. The volumes are rising and many people are investing in the coin, especially in Asia. Bitcoin Cash is widely popular in Asia, especially South Korea and Japan.
The coin was recently promoted and uplifted by Akari Global. The coin recently has been in the big stories like the Roger Ver Lawsuit which was canceled due to the lack of funds and the London Block exchange now accepting BCH.
LexGrom, Reddit user comments on the Fork:
“Darwinian evolution. I’m rooting for forking all open blockchains all the time. The fittest one will survive”
Chelo, a Twitter user says:
“I’m super excited for the fork, BCH will overtake Ripple after the fork, can’t wait for BCH to overtake Ripple.”
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