A bull trend is unquestionably picking up momentum in the digital currency market with the prices of bitcoin and altcoins surging to an extraordinary level. Digital currencies are touching new levels as BTC crosses $9k mark, Ripple has come extremely near $1 while presently being at $0.914 and EOS sitting at $13.69. However, there is one digital currency that hasn’t recently risen rather flown high with more than 80 percent surge in a week ago itself.
BCH is presently riding at $1,535. Bitcoin Cash’s features like introducing new signatures for transactions, chipping away at chain scalability and adjustment adaptability has earned it a great deal of attention. The up and coming hard fork on May 15 has additionally encouraged this development. This consensual upgrade that will expand the block size of this digital currency may be the explanation for leading the pack in digital currency price race.
In the wake of this price surge, Bitcoin Cash got another uplifting news as BitPay declaring the utilization of Bitcoin Cash for payments in brick and mortar businesses. BitPay checkout is utilized by restaurants among other retail businesses in Toronto, Paris, Atlanta, Madeira Beach, and St. Petersburg. This declaration may help in giving a further boost to BCH price.
As indicated by the Coinmarketcap, Bitcoin cash is the fourth biggest digital currency. All through the most recent week, there has been a bullish momentum in the market that helped the price of digital currencies. On one side, BTC saw an ascent of around 11%, Ripple surged 34%, 26% in Ethereum and EOS encountered an extension of 46% roughly, while on the opposite side Bitcoin cash ascended around 88 percent.
BCH has beaten its rivals and transcended $1,500 mark. In fact, it has been expected that the rally of BCH is overdone and a pullback may be all together. However, this pullback is probably going to be fleeting.