Bitcoin Cash has continued to rise with the price doubling in under 24 hours. It has overtaken Ethereum in terms of market cap and now sits in the #2 spot at $32.8 billion.
Major players in the crypto space have made tweets today about Bitcoin Cash following the rapid price increase.
Bitcoin Cash is what I started working on in 2010: a store of value AND means of exchange.— Gavin Andresen (@gavinandresen) November 11, 2017
The large majority of the trading volume continues to be on the Korean exchanges. Opinions in the community are still divided as to whether Bitcoin Cash will end up replacing Bitcoin, or if this was all a massive pump and dump operation.
Hopefully we will see how this plays out over the next few days.
11/14 Update: The price of Bitcoin Cash (BCH) has dropped over 50% from its recent all-time high and is currently back in the #3 spot.
Disclaimer: This article is provided for informational purposes only and should not be taken as investment advice. Please conduct your own independent research before performing any purchase or sale of a cryptocurrency.
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