At the press time, Bitcoin Cash is on the 3rd place in the list of top cryptocurrencies with the highest market capitalisation. Bitcoin Cash currently follows Bitcoin and Ethereum having a $10 billion MarketCap, which is $3 billion more than it had only 6 days ago. During past week Bitcoin Cash was developing quite positively and eventually rose almost by 40% from $440 on November 1 to $620 on November 7.
Bitcoin Cash Charts
On November 3 the cryptocurrencies market cap exceeded $200 billion and it was noticed that Bitcoin Cash rose by 87%. What is more, on November 1 Wikileaks Shop announced in twitter that it starts to accept Bitcoin Cash as a method of payment, notably rising awareness of the currency among users.
Also, Bitcoin Cash is in the centre of attention because its hard fork is due to come on November 13. According to Bitcoin entrepreneur Juan Garavaglia, Bitcoin Cash hard fork is only meant to upgrade the protocol.
It seems like the transformation and development of Bitcoin Cash as an independent cryptocurrency outside Bitcoin, lets it grow so fast. For instance, Bithumb, the second largest crypto exchange after Bitfinex, was making nearly $1 billion in Bitcoin Cash trades daily during the last month.
Bithumb Bitcoin Cash Graph
Also, such a successful development of Bitcoin Cash may be linked to a fast-growing Bitcoin as any cryptocurrency directly connected with Bitcoin would benefit from the exposure of Bitcoin in media services and within financial industry.
— Bitcoin Cash (@BITCOlNCASH) 6 ноября 2017 г.
Moreover, on November 6 the official account of Bitcoin Cash made an announcement that 21 of Los Angeles area bitcoin ATM locations of BitcoinPlug will be selling Bitcoin Cash from now on, which is also quite a positive piece of news.