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Bitcoin Cash {BCH} meetup slated to transpire in Sydney as City Conference wraps up

Bitcoin Cash is ranked at #4 to the south of XRP in the market. The trading volume recorded rests at $1.301 billion, while the supply has 17,996,613 BCH coins in play. As of this moment, the total market cap of Bitcoin Cash is $5.459 billion. For now, BCH is priced at $303.39.

The Official Channel for Bitcoin.com recently uploaded the Episode 2 linked to Roger Ver’s Business Story. Take a look ladies and gentlemen:

Being an anarchist, Roger has faced flak for his ideals and has been dogged by authorities. A fan of the king coin, Roger was instrumental in setting up the hard-fork from the Core network two years ago. This led to the birth of Bitcoin Cash, an ecosystem where instantaneous transactions and a higher block size serve as key features, alongside some more differences from its ancestor.

While the interactions between Bitcoin maximalists and BCH enthusiasts haven’t always been pleasant, Bitcoin Cash adoption has been soaring at an alarming rate. But we must also note that the ATH was achieved back in December of 2017, and the journey of this asset in the market needs to shape up if it aims to compete against the king coin once again.

Mass adoption has picked up pace in countries like Japan and Korea too.

According to the data obtained from the candlestick chart linked to the BCH/USD pair, Bitcoin Cash has experienced slight bullish divergence over the span of the past 5 days. Resistance may hamper the growth of the coin if BCH manages to climb to $313.09. Support can be found near $293.93. The peaks for the Awesome Oscillator have remained north of the zero line 7th September onwards.

This shows that Bitcoin Cash is being impacted by bulls a whole lot better in comparison to various top-ranked projects. The MACD has ventured beneath the signal line.

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.