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Bitcoin Cash {BCH} bounces back above $300; over 4000 SLP tokens have been created on the Bitcoin Cash network

Bitcoin

Bitcoin Cash is ranked at #4 on coinmarketcap, beneath XRP and Ethereum. The price climbed at a rate of 2.06% in the course of the past 24-hours. This brought BCH all the way up to $304.22 where it presently holds. The trading volume recorded stands at $1.281 billion, while the supply has 18,003,925 BCH coins in play. As of this instant, the total market cap of Bitcoin Cash is $5.477 billion.

As reported a day ago, an ATM was set up in Venezuela meant to serve hundreds of crypto-enthusiasts. The machine has so far unveiled support for three major digital currencies: Bitcoin, Bitcoin Cash and DASH [which has garnered attention from thousands in Caracas, and other neighboring cities].

Amaury Séchet is a lead developer belonging to the Bitcoin Cash ABC ecosystem. He gave a brilliant speech at the BCH City Conference that was held in Townsville, Australia. While referring to culture, Amaury said that the BCH chain has better products and fundamentals, and has proven to be more useful in comparison to Bitcoin and various other competing projects.

He spoke of the need to focus on infrastructure. His speech was greeted with thunderous applause as he concluded it. You can watch the full 34-minute talk right here:

According to the data obtained from the candlestick chart connected to the BCH/USD pair on tradingview, one can note that the asset is trying its best to heal gradually. The daily RSI rests at 50.24, and the final two tiny peaks [of the Awesome Oscillator] bear the green shade. This point to bullish momentum returning to influence this altcoin.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.