Every day a new all time high! How is this possible?
Bitcoin Cash (BCH) has recently been forked from major currency Bitcoin (Core - BTC) and is only a few months old. This forked version has its supporters mainly in the industry and is less popular in the community.
It has recently been observed that the price of Bitcoin Cash is rising dramatically. This increase has been happening at a rapid pace in recent days. You certainly wonder as I do, where this buying power comes from.
If we take a closer look at the chart, the steady increase is clearly visible. In mid-October Bitcoin Cash's share price began to rise slowly at around $ 300 and it gained over time.
From Novermber are enormous thrusts in increase to recognize. Yesterday began the steepest climb of Bitcoin Cash which today reached its new all-time high at $ 1,400.
Many may wonder from where those Bitcoin Cash buyers come from. This certainly has a lot to do with Asia and especially South Korea where 50% of the investments come from.
When we take look on Coinmarketcap the Exchange Bithump alone traded $ 2,096,420,000 in the last 24 hours.
What do you think about this dramatic price increase of Bitcoin Cash?
Will the South Koreans still pump BCH or will they dump it and go over to BTC?
Thank you for reading!
Is Bitcoin Cash Going To Dump ? ? ? | Ecency
Read.cash Platform Rewards Content Creators With Bitcoin Cash Incentivesdusty.sparks ·