When virtually all cryptocurrency markets are moving up simultaneously, it is a matter of time until some altcoins get ahead of the pack. Today, it seems as if Bitcoin Cash is effectively noting the strongest gains in the top 10, which comes as a big surprise to a lot of people. With this 17% increase in value, the Bitcoin Cash price has surpassed $150 and $155 in rather quick succession. Sustaining this violent growth will pose its own set of challenges.
Bitcoin Cash Price Surge Continues to Swell
While it is good to see so many markets in the green on a Saturday morning, one has to wonder if this is just a temporary turn of events. If the previous weekends have taught the community anything, it is to never look a gift horse in the mouth and cash out profits before it is too late. So far, it seems they are not following the second part of that advice just yet, at least where Bitcoin Cash is concerned. That particular altcoin is shooting up like a rocket right now, primarily because of its high trading volume.
Over the past 24 hours, the Bitcoin Cash has undergone some major changes. More specifically, there is a 17.2% gain in USD value and a 13.65% increase in BCH/BTC. Because of these gains, one BCH is now valued at $156.77, or 0.03878 Bitcoin. A very promising trend, all things considered, although it is in line with what one would expect to see given the overall circumstances. Maintaining any growth in crypto land has been very difficult, if not nigh impossible, for most projects.
The opinions regarding Bitcoin Cash have always been a bit over the place. This sudden rise in value is not changing that situation whatsoever, as it seems to only strengthen people’s beliefs. XRP Hodler is convinced BCH is the only real Bitcoin, as BTC itself is nothing like what Satoshi Nakamoto envisioned. This train of thought has been around for a while now, yet it seems BCH is still incapable of even rivaling Bitcoin at this time.
#Btc is not even bitcoin anymore. Do your research #bch has all the properties of the original Bitcoin. @rogerkver has some eye opening videos
— XRP Hodler <img src="https://s.w.org/images/core/emoji/11/72×72/1f4a7.png" alt="