Holy Fork! Bitcoin Cash Rockets Over 100% in a Week
Bitcoin Cash, one of many forks of Satoshi Nakamoto's original Bitcoin protocol, has seen massive trading volume and over 100% gains in the past week. I am speculating that the token's inclusion on the EDX Markets platform, a tool for large financial institutions interested in trading crypto, is a big part of the reason for the recent interest.
What is most curious is how BCH's move is largely uncorrelated with Bitcoin. It's running at a rate of its own. Perhaps it is because the price is so depressed from its all-time highs, or perhaps people are realizing that for day-to-day transactions it is much more efficient and faster than the Bitcoin network it is derived from.
Myself, I am pretty pleased with all the BCH sats I've been able to stack the past few years from earning apps and websites such as the Bitcoin Cash Giveaway, Earn Bitcoin Cash app, the old noise.cash, read.cash, and others. The value of all that free crypto dust is now approaching $50 USD, so it's nice to see that all those 15 second video ads I watched weren't for naught.
I am wishing that BCH will be consistent in going up this year.