In the daily cryptocurrency news this Sunday, Bitcoin Cash (BCH) is leading the way with its new skyrocketing achievement that made it rise by around 20% in the past few days, coming closer to a new price margin and now trading at $560.
The main reason for the rise of this altcoin is the scheduled fork which is expected to happen on November 15th – with that pushing the rumors around BCH and its future roadmap. The support of the original Bitcoin Cash roadmap set forth by ABC by Coinbase, which is the biggest crypto-to-fiat brokerage, led the confidence towards the asset to increase very shortly.
As the Coinbase team officially wrote:
“Twice a year, the Bitcoin Cash (BCH) network hard forks as part of scheduled protocol upgrades. The next BCH hard fork is scheduled for Nov 15, 2018, and Coinbase is prepared to support the published roadmap from bitcoincash.org,”
What started as a jump from $477 to $535 in only 24 hours led to a bullish action by Bitcoin Cash (BCH). As its volume nearly quintupled within a three-day span, this Sunday is again hot in the market for BCH. In numbers, the growth of BCH’s volume is anywhere from less than $200 million to $980 million.
Currently, investors are buying more and more BCH in order to benefit from the fork. Most of the volume of the altcoin, which was concentrated in Asia in the past months, is now composed of buy orders on crypto-only exchanges such as OKEx, Binance and Huobi.
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