Mushishi

a month ago i posted this. now you guys regret it.

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Bitcoin Cash (BCH) is back in the spotlight with a hefty 16% pump this week.The OG Bitcoin’s famous spin-off seems to be finding its groove, reminding everyone that it’s still a top altcoin.

Bitcoin Cash is on a tear, climbing to $399 after dropping as low as $344 on Monday.

Earlier today, BCH actually passed the $400 mark but immediately pulled back.

This slight retreat suggests a cluster of sell orders around that psychological barrier – but don’t count BCH out yet.

The momentum behind the coin’s rally remains strong.

BCH is wrestling with its 50-day exponential moving average (EMA), a key technical indicator.

A move above this level could signal more bullishness ahead.

Interestingly, it’s not just Bitcoin Cash’s price action that’s heating up.

Spot trading volumes for BCH have surged 25% in the last 24 hours, hitting $277 million.

#bch $BCH

A crypto market maker, GSR, believes Solana is a strong candidate for a spot ETF in the US due to its decentralization and market demand. GSR's ETF possibility score ranks Solana second behind Ethereum. Solana's price could surge if a spot ETF is approved, similar to Bitcoin's price increase.


#solanainfo #solana $SOL

Bitcoin Cash (BCH) is a fully open-source decentralized platform allowing users to make international financial transactions without wasting time standing in queues or filling out tedious bank forms.

Due to some differences concerning scalability and the proposed Bitcoin (BTC) SegWit upgrade of 2017, some holders voted for a hard fork away from the parent community, and Bitcoin Cash (BCH) was founded. Hence, Bitcoin Cash (BCH) launched using Bitcoin’s (BTC) source code and inherited its robust security.

Like Bitcoin (BTC), Bitcoin Cash (BCH) operates a Proof-of-Work consensus mechanism where miners solve complex puzzles to validate new blocks of transactions. However, unlike Bitcoin (BTC), which has a block size of 1MB, Bitcoin Cash (BCH) operates with a 32MB block size, allowing more transactions to be included in a validated block.

This upgrade ensures that more transactions are processed per second, increasing the network’s output while maintaining low user fees. Thus, Bitcoin Cash (BCH) satisfies the global demand for a functional payment system resistant to governmental censorship and regulation.

Cointelegraph reports increased activity on the Bitcoin Cash (BCH) blockchain after its recent halving event. During the BCH halving, the reward given to miners for successfully validating a block of transactions decreased from 6.25 BCH to 3.125 BCH.

Correspondingly, the BCH token’s price has fallen in the past few months, from $600 in March to a current value of $376.13. It has created massive speculation about the token’s future. AMBCrypto analysts forecast positive price movement, with Bitcoin Cash (BCH) possibly breaking past the $600 mark by Q4 2024.

However, this optimistic price prediction is still far from BCH’s all-time high of $4,355.62. Thus, the next bull run may only favor new BCH token holders or investors comfortable with less risky investments.#bitcoin #BCH #memecoin🚀🚀🚀 #ETH
$BCH $SOL