Bitcoin Cash price is taking control this time leading the gaining bus of virtual currencies with a whooping 20% increase in the last 24-hours.
It is time for BCH to top its previous all-time high as it has been trading in some exchanges just below or touching the $2,300
With the growth in the trading volume for 24-hours, the price rocketing took place only in a matter of minutes as it can be seen in the hourly chart of BCH/USD. In general new trading grounds are formed around the crypto-ecosystem, especially for leading virtual currencies as new traders are jumpin in and placing their bets.
Despite its confidence loss around the community after its debut as the price hovered for a long time in its lowest positions, BCH is on monthly long bullish trend being part of the gold-rush hype and the FOMO [fear of missing out] is hitting the market on all sides.
When it comes to altcoins – ‘the Silver coint’ Litecoin is stabilizing over the $300.00 mark which is an example of how dramatic crypto-market could become while hitting the right choices will be more difficult as time passes. Always keep in mind to invest on your play money and trade under your own best research.