As the cryptocurrency market is itself very much non-deterministic in nature, advancements in the Crypto domain are hard to follow. Therefore, the article interesting recovers recent advancements with respect to Bitcoin Cash.
Achievements of Bitcoin Cash
The price Surge of Bitcoin Cash can be related to the listing of Bitcoin Cash on the Gemini exchange. Some of the experts even predict that the announcement of the Initial Public Offering by Bitmain, one of the leading cryptocurrency mining companies, as the precise reason for a 20% increase within a matter of hours.
Also the co-founder of BTCC, Bobby Lee had announced about the recent Bitcoin cash upgrade. Specifically, he meant that the community would be undertaking a hard fork in the month of (maybe) November. Interestingly, he was the one who was against the hard fork, that was conducted from Bitcoin and Bitcoin Cash was formed.
Price analysis
August
The fourth largest cryptocurrency was around $775 and later by the end of the month due to unknown reasons touched the $540 level.
September
The price gradually rose from $540 almost to $650. The price was hovering around the $450 levels throughout the month but touched the $560 level during the end.
October
The price was around $520 but on October 11th, the price fell and reached the $450 level. The fourth largest cryptocurrency is currently trading around $439.92.
