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The Unstoppable Bitcoin Cash: Bitcoin Cash Breaks $1000!
I have to say twice "Bitcoin Cash is doing its job"!. And yes! It's 100% true that 2021 is the great year for Bitcoin Cash next to year 2017. I thought the greener price of this month was $956 but Bitcoin Cash made it greenest by breaking it by $1,165 (up)for this month the same day when it was reached $900.
We all that this sudden price changed created another data in Bitcoin Cash Blockchain. What just happened surely created new record in Bitcoin Cash Blockchain. And it's too surprising that the price skyrocketed in 2 days straight.
Look at the chart above from coindesk. The movement of the chart is too surprising. The continues rising of the price was done straightly without creating any curves.
The previous record price was $956.25 happened yesterday April 16,2021 and suddenly pumped to $1,127.96 today April 17,2021. But before the pump, the price dropped at $833.14 straightly to its highest price of this month.
Of course higher price means higher marketcap of course. The continuous rising of the price may affect the market capitalisation too and this can really help Bitcoin Cash to join top cryptocurrencies and there it is, Bitcoin Cash is now in rank 10 of cryptocurrencies list in Coingecko.
And, retail volume is still increasing. To understand the chart, the blue side of the charts means those Addresses that holds or owns 0.1% to 1% of the circulating supply. The orange side means the addresses that owns less than 0.1% of the circulating supply. And of course the green side means those addresses that owns more than 1% of the circulating supply also known as The Whales.
It's good to see that investor volume has 26.89% part in the whole volume. Retail volume has 66.33%. And still, Bitcoin Cash has whales preparing to consume the retail volume side. Lols
Price rised means more sell or conversion. The coin was sent to USD also increased in 3 days from April 15 to April 17 2021. These seems like profits matters. Ofcourse a perfect opportunity to makes some profits using its volatility. Check the chart here:
The number of active addresses rapidly increased within 3 days too. The movement started from 89.1074k in April 15,2021 (blue arrow) rapidly pumped to 157.5205k in April 17,2021 (green arrow). Active addresses are increasing !
These are the 3 months activity in value of transactions made. The was data recorded a 33.728k average transactions in February 16,2021 (green arrow) and increased in April 06,2021 with 35.145k(orange arrow) to 46.965k that was happened yesterday April 16,2021.
The pumped price really affects every activities or records in its Blockchain and this is a good thing.
As what I have said, April is a great month for Bitcoin Cash. The price surprisingly pumped up to $1k and up. This is win for Bitcoin Cash holders and an opportunity to make some profits out of it. I don't know what is the exact reason behind this unstoppable price pumping of Bitcoin Cash. We only have to do is ta make some noise on what Bitcoin Cash achieved this month.
Who knows? it's ATH movement before is the same on what it's movement this week. Is it an indication for its epic comeback? Anyways history repeats itself but I don't want make some conclusion about it but let's celebrate and kick some Bitcoin Cash haters asses.!
Not a financial advice but if you have the instinct to trade or sell your coins to make some profits, well it up to you. Bitcoin Cash price stayed in top for 4 days straight and that's a still profits for you.