Bitcoin Cash price jump

What is the reason for a huge price spike of Bitcoin Cash? 
17 October 2017   2484

Bitcoin Cash, the fork of original Bitcoin showing big price jump in recent hours.

Bitcoin Cash price chart
Bitcoin Cash price chart

As you can see on the chart above, huge jump (over 10%) happened only few hours ago (about 8.00-9.00, 17th of October, 2017). At the moment of press, Bitcoin Cash gained 11.33% in less than 24%. Marketcap is $5,813,016,133, and average price is $348.03.

Reason for a jump

So, what is the reason for this huge price spike? Well, less than a day ago, Bitcoin dot com resource released big statement called "Bitcoin Cash is Bitcoin". As a conlcusion, Bitcoin dot com team says that 

The position that Bitcoin Cash is Bitcoin is based on its adherence to the design goals and intended purpose that Bitcoin was created to fulfill.
On October 13, 2017, Bitcoin Unlimited Chief Scientist Peter Rizun announced that their Gigablock Testnet Initiative successfully mined and propagated the first ever 1GB block. Such test results demonstrate that the Bitcoin network can scale to compete directly with mainstream payment processors (10,000 transactions per second and higher vs. Visa’s average 3,000 transactions per second). Bitcoin Cash, with its more realistic approach to scaling, is well-positioned to become a worldwide peer-to-peer electronic cash system.
Based on the arguments presented above, Bitcoin Cash (BCC) is the only fork of Bitcoin that resembles a natural continuation of the original Bitcoin invention. All Segwit chains have altered so many fundamental properties of Bitcoin that it seems a stretch to refer to any of them by the Bitcoin name.
 

Bitcoin.com team statement

We will keep our eye on this situation. So, stay tuned to get the hottest news. 

HTC Exodus 1 Smartphone to Start BCH Support

"Blockchain" smartphone supports Bitcoin, Litecoin, Ethereum and ERC-20 tokens and can be bought both for fiat and crypto, worth $699
17 September 2019   395

Taiwanese electronics manufacturer HTC has added support for Bitcoin Cash to the EXODUS 1 blockchain smartphone, the press release said.

In partnership with Bitcoin.com, the company integrated a pre-installed BCH wallet into the updated software of the gadget.

Smartphone users will be able to store keys and carry out transactions with Bitcoin Cash through a Zion Vault wallet operating in a trusted execution environment (TEE).

The partnership also provides for the sale of EXODUS 1 and later through the Bitcoin.com online store.

EXODUS 1 supports Bitcoin, Litecoin, Ethereum and ERC-20 tokens. The device sells for $ 699, you can pay for it with both cryptocurrencies and fiat money.