Got some possible news about Why BCH is pumping !
1 July 2023
It's been nearly 2 years since the bear market begin and the fall of all cryptocurrencies including BCH. And in this period until now we haven't seen such a rise separately other than the market.
As other currencies are stagnant here BCH is trying to grow to leave behind many cryptocurrencies.
Well, this got me noticed and I started to do some research. Although I was away from following BCH for a while. Here is the possible reason why BCH rise and for deep explanation I leave it to our BCH experts.
Support from EDX Markets
This might be a possible reason as EDX Markets is a trading platform and it has listed BCH among the other major cryptocurrencies like BTC ETH and LTC.
As EDX is backed by major Financial institutions which bring trust in people that it will help them if invested early.
CashToken Upgrade
Well this new good news for the development of BCH as Bitcoin Cash has Enabled CashToken to upgrade on its Network
Major trading in South Korea -
Allegedly there is been a major hike in the trading of BCH in south korea which might the reason to sudden rise in the price in this recent week
If we see the chart from past we week there been a rise of BCH for more than 100% of its earlier price
and If we see the past 24 hours the rise is about 33% which shows it is not stopping anytime soon.
My Opinions - Well who are supporting BCH and those who are holding for its utility like me Price doesn't matter as we are holding for the long-term and for direct payments. But for those who wanna make some profits, I would say there might be some correction after this pump and profit booking.
The new is all over the internet now and not the best time to invest wait for a week or 2 to settle down the heat.
Disclaimer: This is only for information purposes and not financial advice as wisely and Do your own research.
