Bitcoin Cash price gets a boost as the London Block Exchange adds support and gets close to hitting the $1,500 price level. Despite the recent controversy around Roger Ver, a vocal BCH supporter, Bitcoin Cash is experiencing a good support.
Despite BCH supporter Roger Ver dispute, BCH gets a 12% hike
Bitcoin Cash price is up more than 12 percent at the moment outpacing a number of major cryptocurrencies like Bitcoin, Ethereum, Ripple, and EOS among others. Though most of the cryptocurrency market is experiencing a good surge, Bitcoin Cash is certainly gaining the ground over others as it reaches $1,457.
Despite the recent controversy surrounding Bitcoin Cash supporter Roger Ver and its website Bitcoin.com that is likely to soon face a lawsuit for misleading the users into buying Bitcoin Cash (BCH) instead of Bitcoin (BTC), BCH is rising in value.
Bitcoin and Bitcoin Cash both are in the greens right now with Bitcoin close to $9,200 level and Bitcoin cash eyeing the $1,500 mark.
London block exchange listing & upcoming fork drives BCH price
Recently, the London Block Exchange announced that it will be supporting Bitcoin Cash for the BCH/GBP and BCH/BTC trading pairs. The fourth largest cryptocurrency with a market cap close to $25 billion will now be available to UK cryptocurrency users for trading.
Benjamin Dives, the CEO of the exchange stated:
“As we open our doors to UK crypto enthusiasts, we’re listening and acting on what the community wants – and that’s an array of good quality coin options to trade; all backed by a reliable, comprehensive and user-friendly service that they can trust.”
The exchange also listed Ethereum Classic which is among the top 20 cryptocurrencies is also seeing a surge in its prices but only about 2.44 percent in comparison to 12.26 percent in Bitcoin Cash price.
Apart from the London Block Exchange listing, another boost for BCH price can also be its upcoming hard fork that is scheduled for May 15. The most notable point of this hard fork is the increase in its maximum block size to 32 MB. Another change would be in terms of bitcoin script operation codes that will be added or reactivated as mentioned in its official announcement.
Do you think with its hard fork coming up, Bitcoin Cash (BCH) will see a huge hike in its prices or would the vocal BCH supporter Roger Ver controversy would dull its effect? Share your thoughts with us!
I am an associate content producer for the news section of Coingape. I have previously worked as a freelancer for numerous sites and have covered a dynamic range of topics from sports, finance to economics and politics.