The start of November continues to be a bliss for all the Bitcoin Cash [BCH] hodlers and proponents.
Bitcoin Cash (BCH), is showing a relentless performance in the past week with a 22.42% hike.
At the time of writing, BCH is trading at $553.10 with a market capitalization of $9.65 billion.
The cryptocurrency closed at a price of $522 yesterday and has shown a massive surge of approximately 15% in the past 24 hours to reach the current price. The highest trading volume of BCH is occurring on the exchange platform, OKEx, which is about 9.81%. The coin is also being traded on Binance, Bitfinex, Huobi, and Upbit with a good amount of trading volume.
The upcoming BCH Hardfork is said to be the major reason behind the massive surge in price.
The hardfork is scheduled on 15th of November around 4:40 PM GMT. The blockchain will be split into Craig Wright’s nChain implementation and Bitmain’s Wormhole. One of these chains will be expected to be the dominant chain in the coming days.
Notably, the hardfork has received support from major exchanges such as Binance and Coinbase. In a recent announcement by Coinbase, they mentioned that they will be supervising the hard fork stipulated to take place on November 15 with the main intention of reduce perturbation on transactionsfor users.
my breakthrough moment was when i realized i'd been brainwashed.— Mathieu Geukens (@GeukensMathieu) November 5, 2018
yelling Bcash and centralized.
now i'm a huge bitcoin-BCH supporter
exciting/stressfull/intresting times in BCH with opcoming hardfork&hashwar
never stop learning as much as possible
Read more : Why is BCH surging ?