Diksia.com - The price of Bitcoin Cash (BCH), one of the crypto tokens, has risen very rapidly over the past week.
Friday 30 June 2023 15:00 WIB, the price of this crypto token on Indodax is IDR 4,789,000 per 1 BCH.
Bitcoin Cash (BCH) is the second trending coin and ranks 14th in terms of market capitalization, based on information quoted by CoinMarketCap on Friday, June 30, 2023 at 15:00 WIB.
Bitcoin Cash (BCH) has a trading volume of US$2 billion in the last 24 hours with a total circulation of 19,435,500 BCH, which is above BCH’s maximum supply of approximately 92.55 percent.
Indodax CEO Oscar Darmawan said Bitcoin Cash, a cryptocurrency often referred to as a hard fork of the Bitcoin blockchain, was created as a scalability solution for Bitcoin.
“Bitcoin Cash is certainly different from Bitcoin, but one of them is the block size, which affects transaction processing capacity. Bitcoin Cash can process transactions more economically and efficiently.” , as quoted from Kontan on Saturday (January 7, 2023), Mr. Oscar explained.
From a historical perspective based on the Indodax market, the price of Bitcoin Cash (BCH) has increased by more than 178% month over month.
The price of Bitcoin Cash (BCH) has also increased by nearly 80% over the past week. This shows that the current hype actually equates to higher prices.
“The rise in the price of Bitcoin Cash has been attributed to the EDX Market, a cryptocurrency exchange backed by US financial institutions namely Citadel, Fidelity and Charles Schwab. EDX Market has four crypto assets. Bitcoin Cash is one of them, and of course this has increased public interest in Bitcoin Cash, especially since the U.S. government recently targeted cryptocurrencies aggressively,” Oscar said. explained.
Bitcoin Cash is currently over hyped, but Oscar also encouraged crypto investors to use the dollar-cost averaging (DCA) installment method to make Bitcoin Cash safer. reminded me that
Investors should also continue to invest and do their own research/DYOR.
