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.
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.
Analysis of current situation on cryptocurrency market reveals that Bitcoin’s major rival strengthens positions with rising market capitalization and increasing trading volumes.
Will the price spike of ‘tier-2’ tokens, LTC and XRP, signal the same momentum for ETC? There are signs this may apply to ETC.
Etherum and Litecoin show tremendous strength in the market, joining this week’s crypto mania party.
A recent reversal in the return premium of ETH vs. ETC due to buying by Bitcoin holders means that ETC now looks exceptionally cheap.