Recently, BCH (BitcoinCach) has seen prices soar. Over the past 24 hours, it has risen by about 16%. It appears that the announcement was based on the announcement made on the application of the application to the popular Bitcoin Cash exchange.
** The Price of Bitcoin Cash Climbing
The boom in Bitcoin cash is related to hardfork.
This is because major exchanges such as 'Binance' and 'Coinbase' announced their support for hardfork.
This is not exactly known. But, it does not mean there is any possibility.
It is not known whether or not the Binance's announcement supports both bitmain and nchain.
CoinBase said it supports coins posted on 'bitcoincash.org' but if two chains are created, it will provide credit to the account with two coins.
There has been a debate within the community over whether changes to the Bitcoin cash protocol code should be included in the upgrade.
Bitmain and nchain both run their proposed updates.
This could disrupt the chain of Bitcoin cash.
** Why is the price going up?
When the chain is split, the exchange and wallet depend on which mining pool the miners choose. As a result, hardfork that are not of interest to the miners gradually disappear.
Interestingly, Bitcoin cash's hardfork has 22.3% hash rates on one side and 25.4% on the other. The remaining 52% are split, so there is no knowing which chain to support.
This gives both chains a good chance of surviving. In other words, there is an opportunity for investors to make a profit.
In exchanges that support both chains, investors with coins can obtain the same number of coins from both chains.
This is why many investors buy cryptographic notes.