Following listing support on a new exchange, Bitcoin’s forked coin surged by 100%.
The last 7 days for the crypto sector have been a good environment for Crypto investors, as Bitcoin showed a rally of 20%. The whole positive situation arose because of the several filing of Bitcoin spot ETFs with the United States Securities Exchange Commission (SEC). Experts believe that the SEC will approve all these applications and further will bring a huge amount of investment in the Bitcoin market.
Amid this Bitcoin rally Bitcoin’s forked coin “Bitcoin Cash (BCH)” surged by nearly 100% within 7 days. The current trade price of BCH is $209 & this trade price is 94% high than the last 7 days’ trade price.
Recently a new crypto trade platform EDX Markets was launched and also listed Bitcoin Cash coin. This exchange is backed by heavy funding from Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital, and Virtu Financial.
People are considering that listing Bitcoin cash on such a high-profile crypto exchange will push an inflow of new investors in BCH coin.
It is worth it to note that here Bitcoin Cash is not limited to Proof-of-work (PoW) Crypto token, instead this blockchain is moving toward the new use cases. This year, crypto devs will be able to deploy smart contracts on the mainnet of the Bitcoin cash blockchain.
Bitcoin Cash took birth from the Bitcoin network via a fork in 2017. People believe that the Bitcoin Cash fork was an intentional move by Roger ver. According to Roger, Bitcoin Cash was needed to fulfill the need of Bitcoin, which was not able to process transactions at a low cost.
Roger always remains ready to promote Bitcoin & Bitcoin Cash in the sector via his appearance in the Crypto Twitter community. Before Bitcoin Cash birth, Roger was a highly respected person in the crypto sector but in 2017 he faced criticism from the Bitcoin proponents over misuse of self respected position to split the Bitcoin community.