Bitcoin Cash' price gained more than 30% in less than 24 hours. At the moment of press, 15 UTC, November 10, 2017, it's $829.10 with $13 822 501 360 marketcap and $3 104 290 000 24h volume.
Bitcoin Cash Price Chart
The rapid increase in the price of Bcash can be attributed to a number of factors, including the latest announcement of the founder of the Pirate Party, Rick Falkvinge, that he is redirecting all available resources to the BTH.
With recent developments, I'm putting all available dev resources to retool my software for #Bitcoin Cash. I suspect I'm far from alone.
— Rick Falkvinge (@Falkvinge) 9 ноября 2017 г.
Under the "latest developments" Rick Falquinge is referring to the statement of the supporters of SegWit2x about the refusal of the planned for the middle of November hardfork.
Another important reason for the increase in Bcash's price can also be considered the approaching hardfork of this network: as previously confirmed by the developers, it will happen on November 13. This fork is planned and is aimed at changing the existing consensus rules in the Bcash network.
We can not, however, exclude another version, which co-founder of Bitcoin.org Cobra recently expressed.
Bitcoin Cash is a parasite coin that aims to undermine and suck value out of Bitcoin. It’s not like other altcoins. We should be prepared for a BCH pump during fork which could have unpredictable effects on miner incentives and harm the true Bitcoin block chain.
— Cøbra (@CobraBitcoin) 8 ноября 2017 г.
Also, among the latest developments in the Bitcoin Cash ecosystem, we can point out the Bitcoin. com almost stopped BTC mining and now is focused on Bitcoin Cash. At the moment, the Bitcoin.com share in the total hashte Bitcoin Cash is about 18%.
Bitcoin Cash last blocks
ViaBTC, which owns one of the largest mining pool in the Bitcoin Cash ecosystem and the Exchange of the same name, circulated a statement that it is taking a community decision and disclaims the BCC ticker in favor of BCH.
Announcement on changing ticker of Bitcoin Cash from “BCC” to “BCH”https://t.co/8z193jOFPd
— ViaBTC (@ViaBTC) 10 ноября 2017 г.
In late October, the Bitcoin Investment Trust, announced the sale of 1,688,700 shares denominated in Bitcoin Cash and the further distribution of the funds received to the company's shareholders.
This news looks interesting on the background of Bitcoin price rapid fall.