Believe it or not, Bitcoin Cash (BCH) is one of the most promising altcoins on the crypto market. The 4h largest cryptocurrency by market cap has been soaring and coming closer to the $1,500 mark after a company announced to build a marketplace dedicated to BCH. In other words, this means that the cryptocurrency will get priority in being paired with other crypto assets too.
On top of all this, Bitcoin Cash (BCH) recently announced a new hard fork, which made its price even higher. As the market consolidates, Bitcoin Cash has risen in terms of price by more than 30% and more than 18% in the past 48 hours alone.
The hard fork will certainly make Bitcoin Cash (BCH) faster. So far, hard forks like these resulted in tokens like Bitcoin Gold, Bitcoin Atom, Bitcoin Private and others – of which Bitcoin Cash is by far and away the most successful one.
According to James Song, the founder and CEO of a blockchain startup named ExsulCoin, the upcoming fork will add or reactivate several operation codes. As Song stated:
“This particular bit of news is what is driving market excitement around bitcoin cash.”
With gains of over 17% in the past 48 hours, Bitcoin Cash has risen more than 60% since its bottom-low on April 6th – and came from a low of $603.71 to the current price of $1,374.62 (at press time).
The upcoming hard fork is known as Bitcoin ABC and is scheduled for May 15th. According to many, it will definitely push the Bitcoin Cash (BCH) value up even more.
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