The well-known cryptocurrency investor strikes an upbeat tune about Bitcoin Cash (BCH) despite its steady decline in price in the wake of recent hard fork that he called an upgrade.
Bitcoin Cash, launched on August 1, 2017 as a result of dividinng Bitcoin, is making several upgrades today. The most sufficient changes are increasing of the maximum blocksize from 8 to 32 MB, adding or reactivating several Bitcoin script operation codes.
As the debate for the real Bitcoin escalates, billionaire investor Mike Novogratz makes it clear that BTC is the real one and the “digital gold”.
As soon as London Block Exchange had added a powerful Bitcoin derivative coin to its terminals, the price of Bitcoin Cash bounced up more than 11% and it continues to go upwards while outpacing other major cryptocurrencies.
Bitcoin Cash price rise together with growing interest towards this altcoin from the side of crypto enthusiasts make BitPay change its decision and add BCH support.
The overall crypto market valuations have touched $420 billion as Bitcoin Cash and EOS post 10% and 15% gains respectively.
While crypto market continues its positive show with Bitcoin Cash as the show-stopper, analysts remain bullish on the future.
In anticipation of Bitcoin Cash hard fork traders are actively purchasing this altcoin. BCH price is growing and has recently exceeded $1,000.
Crypto markets post a good recovery, headed by altcoins, as the overall market valuations move above $365 billion.
Data changes made by CoinMarketCap shows tumbling cryptocurrency market and causes an uproar in the crypto community.
The most controversial person in cryptocurrency world, Australian businessman Craig Wright, has publicly expressed his vision of Bitcoin Cash’s future in 2018.
The price of bitcoin maintained flat on Friday, while Bitcoin Cash has surged beyond $500 amid the growing chances of another bitcoin split.
The Bitcoin Cash network gains momentum, even though the difficulty is a lot lower than that of Bitcoin and mining the latter is still more profitable.