The brand new entrant into digital currency space Bit Coin Cash rocketed upto $700 after charging more than 122% in less than 24 hours. So-called Bitcoin Cash, which erupted out of the original bitcoin after the fork, is the result of a small faction of bitcoin developers’ demand for a version of the popular cryptocurrency that allows virtual miners, which support the currency, to more rapidly process transactions in larger units known as blocks. Even though it was going crazy as people jumped in to buy on the way up, I was pretty sure this is going to settle down soon as there was so much manipulation and excitement among crypto investors.
One won't get to see such hikes happening very often, now after peaking BCC seems to have settling down to its actual value as people started to sell off their holding. Let's wait and see now as the fork is done and what this will actually turns out to be.
This is a true indicator of how ruthless crypto currency space can be, as everyone trying to make money out there !!
This all happened in one single day for BCC
agree, lets see what happen ,need to wait few weeks then we all traders will be able to trade it or not , once pump settle down and clear picture create then will decided what to do....btw thanks for your analysis
Once more people are able to trade i.e. sell their BCC, the price will go down a lot more.