The altcoin has shown some potentials in the last few days as it faces a 22% surge recently. The crypto space is presently buzzing over the asset’s new value, bringing in more investors for the digital asset. BCH’s recent surge came as a surprise because the currency had failed to record significant gains since most assets began correcting after January’s iconic surge.
The asset’s stance shows that the crypto is finally gaining more investors, creating an opportunity for more impressive price growth. Bitcoin Cash’s price is slightly over $700, which is gained when the price skyrocketed. Expert’s talk on altcoins might be actualizing with its’s growth alongside other coins like Ethereum and Litecoin.
Kim Dotcom’s regulation on Bitcoin Cash
Its current price, which is around $704, is the highest the asset has reached its surge in 2018 before a price correction. Kim Dotcom, the founder of Megaupload, is especially interested in Bitcoin cash, and sources claim that his recommendations helped the crypto surge. The advocate publicly supports Bitcoin via his Twitter account on February 11th.
Many people asked the advocate his reason behind his preference for BCH over Bitcoin. The German-born said that he believes Bitcoin Cash could be the leading asset in the future and is currently undervalued. Another benefit, which he mentioned, is that the asset has a team opened to new ideas and advice.
The advocate, whose real name is Kim Schmitz, said he likes other cryptocurrencies, such as Bitcoin and Ethereum, but prefers Bitcoin Cash. After his tweet, Dotmot shared that he created a website that explains more about BCH. He added that the website would have content concerning the advantages of holding the asset. The newly created website is whybitcoincash.com, and the advocate shared that the digital asset follows Nakamoto’s report on it being a p2p electronic cash.
Dotcom’s website speaks on Bitcoin Cash’s creation
The crypto enthusiast shared more information on Bitcoin Cash and explained that creators made the platform with a BTC hard fork, which would have similarities with the king coin, but with better scalability. Bitcoin has scalability issues, which people linked to its recent transaction fee rise. Other networks like the Ethereum platform has similar problems, but fortunately, the creators are working towards developing a better platform to solve many challenges people face on the popular network.
The website has extensive content on Bitcoin Cash and further compared BCH with BTC, with the latter paving the way for Bitcoin Cash. Things are significantly changing for the asset has it recorded high volumes as the year began. Many factors could have influenced the rise, with the higher investors interested in the crypto space and the industry’s boom.
Many institutional firms invested in Bitcoin in late 2020, showing the expansion of the industry’s market. Experts believe that high-net-worth individuals would start opening up to other digital assets as time goes. Ethereum continues to gain more exposure and publicity even as an altcoin, which shows that other coins might soon see some changes.
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