As per the Coinmarketcap, many cryptocurrencies are trading with quite pleasant value. Besides major digital assets, Bitcoin Cash (a fork of Bitcoin) is also blinking with green figures of more than 6 percent over the past 24 hours.
At the time of reporting, Bitcoin Cash or BCH sits comfortably as the sixth largest cryptocurrency with a market cap of $2,945,778,418. The value of BCH has increased with 6.55% within a couple of hours which lets it trades at the $166.54 against US Dollar.
Speaking about the volume, BCH’s trading is split between ZBG exchange, P2PBNB, Huobi Global, HitBTC, BitForex, UPbit and many other crypto exchanges with trading pairs of BTC, USDT, USD, KRW and so on.
To note, BCH isn’t the only currency that marked rising momentum – as Coingape reported, Cardano (ADA) and KuCoin Shares (KCS) also experienced a massive boost. However, there’s no specific reason that had influenced the volume of BCH – rather social media account of ‘Bitcoin’ is on keen view to encouraging EpicGames store to accept BCH crypto payment. As such, the twitter handles of Bitcoin states that;
— Bitcoin (@Bitcoin) March 23, 2019
Following the epic move, traders are expecting BCH has already had a minor correction while few are assuming ETH/BCH ratio will fall in support of ETH. Looking at the Coinmarketcap, ETH in terms of Coinmarketcap stands higher than BCH but the coin value is definitely lesser than that of BCH.
— Crypto Future (@CryptoF007) March 23, 2019
What do you think of upside move of BCH cryptocurrency? Do you think it will surpass EOS or will BNB crypto flip over BCH? share your thoughts with us.
Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com