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Bitcoin Cash {BCH} sees green; options other than smart contracts will soon be available

Bitcoin Cash is ranked at #4 ahead of Litecoin on coinmarketcap. While the majority of the market is still reeling due to the presence of predominant sellers, BCH rose by 6.37%. The trading volume recorded is $1.798 billion, while the supply has 17,946,375 BCH tokens in play. The total market cap of Bitcoin Cash is $6.295 billion. At present, BCH is priced at $350.81

Even though Bitcoin Maximalists have largely been critical of Bitcoin forks and other altcoins, adoption for BCH has soared during this year. The CEO of Bitcoin.com Roger Ver had posted videos which show how fast transactions are on this chain, and also a few with regards to new centres [chiefly a supermarket] which accept BCH payments.

Korea been picking up pace pertaining to this industry, in order to compete against markets in Japan, Thailand and various nations in Asia. A new series of meetups have been announced, and 4 more are left [according to the list shared via Twitter]. The final one is scheduled to be held in India, after 10 days.

The Bitcoin Cash/ Dollar [BCH/USD] candlestick chart points to selling pressure being present in the market. The Ichimoku Cloud had turned red after 2nd of August, and this isn’t a good sign. Although, the peaks for the Awesome Oscillator are above the zero line and green for now. This points to fresh buyers creeping in so as to boost the value consistently. Resistance may be felt near the $363 level.

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.