Bitcoin Cash is garnering attention with its continuous and significant price surge in recent days.
While BTC saw a nearly 15% increase in the previous week, altcoins, in general, experienced gains ranging from 10% to 20%.
Some altcoins have experienced significant jumps due to positive momentum. One notable altcoin in this regard is Bitcoin Cash (BCH), which has garnered attention with an impressive 80% increase.
Upon examining the underlying factors behind this surge, the recent launch of the new cryptocurrency exchange, EDXMarkets, is worth noting. The exchange has listed four types of cryptocurrencies, including Bitcoin Cash.
Santiment, a popular cryptocurrency analytics platform, has evaluated the increase of BCH, which has reached the $200 limit, and stated that:
“With the assistance of EDXMarkets, launched on June 20th, Bitcoin Cash has become the most notable altcoin with a massive 79% price increase in just 4 days.”
Bitcoin Cash was launched in July 2017 as a result of a hard fork from the original Bitcoin blockchain. Listed on Binance, BCH reached a price of $1650 during the 2021 bull run.