Bitcoin Cash is ranked at #4 right beneath XRP on coinmarketcap. The trading volume recorded is $1.539 billion, while the supply has 17,991,388 BCH coins in play. At present, the total market cap of Bitcoin Cash is $5.536 billion. BCH is priced at $307.74 for now after a growth rate of 7.10% propelled it forward in course of the past 24-hours.
According to the data obtained from the BCH/USD candlestick chart on tradingview, buyers are influencing the altcoins. The 4-hourly RSI is at 64.65 and might breach 70 and enter the overbought zone. The MACD line has begun soaring to the north of the signal line since yesterday.
The last three peaks [over the zero line] for the Awesome Oscillator have been green, which indicates that the price is steadily recovering. A new resistance level was established at $311.02, and support can be found close to the $279.37 level. The Ichimoku Cloud looks green for tomorrow, but the future looks unpredictable.
Josh Ellithorpe of Coinbase, Amaury Séchet of Bitcoin ABC, Nishant Sharma of Bitmain, as well as, Gabriel Cardona from Bitcoin.com sat together at the Bitcoin Cash City Conference which took place in Australia this year. Their discussion included references to growing adoption, issues tied to mining, and so on. You can watch the full conversation that was uploaded by CoinSpice on YouTube right here:
Gabriel commended the efforts of numerous merchants who now accept BCH payments in Townsville. Josh agreed with him and spoke on how these men and women also act as potential HODLers. Cardona and Ellithorpe considered the pros and cons of good and bad folks joining the ecosystem.
A ton of people shared photos and videos of items [primarily food and coffee] that they had successfully purchased with the help of Bitcoin Cash payments. Some evangelists didn’t even spend fiat during their entire period of stay, which showcases the reach of this altcoin.