NewsPrice Analysis

Bitcoin Cash Price Surges Above 7%

At present, the whole cryptocurrency market is struggling to gain momentum. Bitcoin price has is hovering within $11k resistance, while few altcoins demonstrate positive momentum. According to CoinMarketCap, the total capitalization of all digital coins in circulation hit $287 billion. 

At present, Bitcoin Cash is the leading Cryptocurrency in the top 10 crypto market with 7% growth.

At the time of writing, the Bitcoin cash price has increased by 7.21% against the USD, trading at $308.78. In term of BCH/BTC, the price surged by 2.14% trading at 0.02880423 BTC.

Currently, the coin is ranking at 5th position, holding market cap $5,525,464,513 with $1,908,094,816 24-hour volume and 17,894,300 BCH circulating supply.

Recently, Ethereum co-founder Vitalik Buterin announced to use Bitcoin Cash blockchain as a temporary scalability solution for the Ethereum network.

The Ethereum community has been working on Ethereum 2.0, a major network upgrade that is expected to come in early 2020. Buterin suggested incorporating other blockchains as a new option for improving Ethereum scalability in the short term.

In particular, vitalik claimed Bitcoin Cash blockchain is a perfect match for this purpose as BCH provides a data throughput of around 53 kilobytes (KB) per second.

Moreover, vitalik pointed out 3 other reasons for using the blockchain, including low fees, the readiness of necessary machinery and the Bitcoin Cash community’s openness to people using the blockchain.

What’s your Bitcoin cash Price Prediction for 2019? Share your thoughts on our facebook and twitter Page. Also, find Price Analysis and price Prediction of your favorite coin.

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Qadir AK

Qadir Ak - Co-founder of Coinpedia Blog - His interest as crypto Author, Editor, Speaker at cryptocurrency conference has made him known as passionate blogger and startup in Asia.

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