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Looks like the time has come for our gem to shine and get the attention it deserves. BCH has been racing again, currently trading at $1,070, a 28% increase over the last 24 hours, with trading volumes of approximately $10 billion.
The best part is sell walls on Binance and Bittrex are moving North for now, so I wouldn't be surprised if we hit the $1,200 mark in the following hours. Of course, this is not financial advice, just my humble opinion, so do your own research before making any investment decisions.
Words cannot express how thankful I am for having joined read.cash and earned more than 1 BCH for my blog contributions on the platform, mainly thanks to the generous tips handed out by TheRandomRewarder and MarcDeMesel. Marc, if you're reading this, thanks a ton dude!
Noise.cash has provided me with another stream of BCH revenue for the past 3 months or so, and it goes without saying that I'm happy I've joined the noise.cash platform and spent time producing content on it. Again, I think Marc is behind the free tips distributed by noise.cash as well, so you know the drill, God bless that guy.
The funny thing is SmartBCH hasn't been released yet, so I can't even begin to imagine the kind of pumps we will be getting once it's live. DeFi on BCH will certainly take things to the next level by drawing more and more capital into the BCH ecosystem, which in itself will become a lot more attractive by providing all sorts of DeFi services and passive income possibilities to all BCH holders.
I joined read.cash roughly three months ago, and boy has it been a great choice. All the time spent on the platform has been totally worth it, and the ongoing pump is just another reminder of this fact. I've kept saying since day one that one day all of us will have a hard time explaining to friends and relatives how we made all that money just by socializing on the web. It appears that it won't be long until this happens. The spectacular green candles that appeared today on Binance and Bittrex are just the beginning.
Even if it doubles up in the following 24 hours, BCH will remain highly undervalued given the power of the BCH network and the powerful community working behind the scenes to help the network reach a wide audience and thrive. We are slowly but steadily getting there. The surge in network activity of the past three months would sooner or later translate into an increase in value, and I'm guessing this is exactly what's going on today.
Pricing activity will inevitably follow the same pattern as network activity, as the real value of a network lies in the number of connections that occur within it, according to Metcalfe's law.
The total amount of value transferred through the BCH network has been increasing over the last three months, and this fact in itself makes the BCH network highly undervalued at the moment of speaking. Chances are we will soon explore the previous ATH zone, and the fact that the crypto space has been attracting major attention lately provides the fuel needed for further BCH adoption.
It appears that we are currently forming higher lows, and it will be awesome to see the USD value of BCH stabilized somewhere around the $1.1k mark. However, nobody has a crystal ball, so take everything you read in this post with a grain of salt. These are just the random thoughts of a BCH addict who is more than happy to see the green gem pump a bit.
I've been a firm believer since day one, so $1k BCH means nothing to me. I know we are going to explode sooner or later.