Today, the price of Bitcoin cash overcame the $ 900 mark, almost tripling in the last 2 days
Bitcoin Cash became the third largest crypto currency, after bitcoin and etherum. It may be too early to compare the new asset with these more advanced networks, but soon it can join their ranks.
Recall, after fork bitkoin formed two separate block, each of which has its own freely available digital asset. But while bitcoin rose in price to $ 4,000, Bitcoin Cash was stuck in the $ 300 range. Nevertheless, the rate of the new asset jumped sharply, and at the time of publication it was trading at around $ 807 per coin.
Industry experts see this for two main reasons.
First, the new trading volumes on the exchanges. Earlier, only a few key players decided to offer the opportunity to bid Bitcoin Cash. Now, more and more crypto-exchanges are interested in this. At the same time, $ 1.8 billion of the total daily volume of trading in $ 3.3 billion accounted for the South Korean exchanges Bithumb, Coinone and Korbit.
Secondly, interest in the new crypto currency from the side of miners increased. It is expected that this week the complexity of Bitcoin Cash mining will decrease by 50%. After this, at the current price of the asset, it will be much more profitable to mine than any other digital currency.
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