Many investors are passing part of their income towards BCH, relying on some of its characteristics.
Bitcoin Cash has climbed new heights today and looks solid. According to MercadosDiarioBitcoin and CoinMarketCap, the third largest cryptocurrency in the world by market capitalization exceeded its previous record of USD $ 2,477.65 (November 12th high) and reached a new record of USD $ 2,501.29 this morning.
When it is 1:30 p.m. in New York, Bitcoin Cash (BCH) has a price of USD $ 2,457.76, which means that the increase of 10.35% seen in the last 24 hours has pushed the gains since its launch to more than 450%
In relation to the previous week, it grew by 56.59%. Apparently many investors are diversifying their portfolio and exchanging their bitcoins for BCH. As can be seen in the markets, between yesterday and today in the exchanges HitBTC, Bittrex, OkEx, Bitfinex and Poloniex, the equivalent of 1 billion dollars has been exchanged between BTC and BCH.
In particular, one of the reasons for this increase in recent days is related to its integration with the BitPay payment processor, which opens the door to more widespread adoption.