This Saturday, August 19th, the price of the cryptocurrency formed as a result of the Bitcoin hard fork has grown rapidly, exceeding the $900 mark.
Bitcoin Cash charts on coinmarketcap.com
The data provided by coinmarketcap.com shows that Bitcoin Cash surge began on Saturday, and the cryptocurrency price reached $972. Bitcoin Cash Market capitalization was about $16 billion, thereby reaching the third place in the total list and ousprining Ripple.
Since being created in a fork of the Bitcoin blockchain on August 1st, prices had been for the greater part steady around $300. However, a breakout on August 17th saw enthusiastic trading – at South Korea exchanges, in particular – that took the digital asset to its previously unseen heights, CoinDesk reports.
In the hours since, Bitcoin Cash prices have dropped somewhat and, at the time of writing, Bitcoin Cash price is $658.79.