Bitcoin Cash (BCH): Exclusive Marketplace & Hard Fork The Next Major Catalysts

This might have escaped you, but Bitcoin Cash (BCH) will soon have a platform that will exclusively pair it with fiat and other cryptocurrencies for trading. The event was previously expected around mid-April but a new rumor claims it will come online on April 30, via the efforts of a Cyprus-based startup.

This might have escaped you, but Bitcoin Cash (BCH) will soon have a platform that will exclusively pair it with fiat and other cryptocurrencies for trading. The event was previously expected around mid-April but a new rumor claims it will come online on April 30, via the efforts of a Cyprus-based startup.

Hello Group, the company that announced this initiative earlier in the year, is set to build a marketplace dedicated to BCH. What this means is that Bitcoin Cash will get priority in being paired with other crypto assets.

Bitcoin Cash will likely be even bigger in the next couple of weeks. Its price that is looking to top $1000 at the moment could go wild. Bold projections are already putting it beyond the $1500 level. As the market tries to consolidate, BCH investors should brace themselves to dig in and await higher returns.

When was this announced? Well, it goes all the way back to the beginning of the year. In January, the Hello Group team acquired the domain Bitcoincash.io and revealed that they would be developing the platform specifically for BCH/CRYPTO pairs.

According to the report,

“Acquired at the beginning of the year Bitcoincash.io domain is planned to be a marketplace platform focused on BCH and is coming online on April 30.”

The item may not be hot news at the moment, but it will get a lot of airtime beginning of next week.

The Hello Group had indicated that they’d be launching the Alpha release for the site on by the end of April. With the new site in place, Bitcoin Cash will get more visibility as Cyprus is a country with a significant crypto following.

It is expected that investors will access a number of services that are likely to further their interest in crypto trading. One of the main attractions of the site will be its free of charge services. On the platform, users will get cryptocurrency live feeds, in-depth historical data, and updates on related events and trends. Essentially, account holders will have an avenue to interact with the system without the interference of an intermediary.

In other news, Bitcoin Cash will have its planned hard fork on May 15, 2018, as had been indicated as early as 2017. When 7 Bitcoin Cash developer teams met in London sometime in November 2017, they all agreed on one thing. It was a decision to hard fork the crypto in 2018. At the time, leading development team ABC said that:


“Our top priority for Bitcoin Cash is to keep improving it as a great form of money. We want to make it more reliable, more scalable, with low fees and ready for rapid growth. It should ‘just work,’ without complications or hassles. It should be ready for global adoption by mainstream users, and provide a solid foundation that businesses can rely on.”

Well, that fork will take place on May 15, followed by yet another in November. Together with Bitcoin Unlimited, the teams want to introduce upgrades that could make BCH better than even Bitcoin. Apart from the expected change to the block size, the upgrade will readjust it to be “adaptive”, the teams will also try to reduce block intervals down to about 2.5 minutes. However, one feature on the cards could be a game changer for BCH and the crypto community.

The hard fork is intended to reactivate some apparently disabled opcodes in the original Bitcoin code. The OP_GROUP opcode seeks to find ways of establishing tokens on the Bitcoin Cash network. These should work like the ERC-20 token standard on the Ethereum network.

If such comes out during the upgrade, the BCH network could be set for fast-paced growth. It would lay the ground for the crypto to establish a stronger footing, competing directly with Ethereum. This is massive potential being laid forth for Bitcoin Cash (BCH). Expect prices to skyrocket by the end of Q2.

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Crypto Market Hits 5-Week Highs with Ripple Growing by Nearly 20% and Bitcoin Cash Heading to …

Although Bitcoin is showing a nominal movement of below 1.5% it is the other altcoins like Ethereum, Ripple and Bitcoin Cash which have proved to be the market mover. According to the data by CoinMarketCap, Bitcoin is trading at $8342 levels while Ethereum has registered an 8% surge and trading …

The positive momentum is back in the crypto markets as the market valuations have now hit a new five-week high on the charts. The crypto market valuations which were seen just below the $350 billion for over a week have crossed this sentimental barrier and is now trading at $365 billion valuations.

Although Bitcoin is showing a nominal movement of below 1.5% it is the other altcoins like Ethereum, Ripple and Bitcoin Cash which have proved to be the market mover. According to the data by CoinMarketCap, Bitcoin is trading at $8342 levels while Ethereum has registered an 8% surge and trading at $575. In the last 24-hours, Ripple has recovered by 20% and is currently trading at $0.84 whereas Bitcoin Cash has posted over 10% gains and is currently trading just short of $1000, at $981.

In the past seven days, although Bitcoin has been relatively stable, the price of the altcoins has moved forward consistently. Also, it was for the first time in April that the trading volumes have crossed $20 billion.

Bitcoin Cash Gains Ahead of the Hard Fork

The first Bitcoin derivative – Bitcoin Cash (BCH) has today posted a solid recovery of over 10% climbing close to the $1000 mark in the anticipation of the hard fork likely to take place next month. With today’s rise, Bitcoin Cash has shown a 60% recovery from is low of $603 on April 6, earlier this month.

Sebastião Coelho, CMO of Flashmoni, a blockchain company creating financial solutions for the unbanked and underbanked, said that one of the biggest challenges that cryptocurrencies are facing for their rising adoption is the scalability issue. Coelho said: “Before we see mass adoption of cryptocurrencies, we need to see a significant reduction in the time it takes to process transactions.”

Bitcoin Cash was created in August 2017 as a result of the hard fork in the Bitcoin blockchain network. Bitcoin Cash offers larger block size of 8MB against the 1MB block size in the Bitcoin network. The upcoming hard fork that is scheduled for May 15 is expected to have a block size of 32MB while expanding its capacity for processing more number of Bitcoin transactions.

Additionally, the network update is expected to bring several operations codes says James Song, founder and CEO of blockchain startup ExsulCoin. He further added: “This means simplified smart contracts will be possible on the bitcoin cash blockchain. This particular bit of news is what is driving market excitement around bitcoin cash.”

Morgan Stanley Analysts Say Miner Losing Money with Bitcoin Below $8600

Although Bitcoin has gained more than 25% since the beginning of April, a new report by Morgan Stanley analysts shows that it fails to recover above $8600 it will turn out to be unprofitable for the miners to continue with the mining activities.

A report by equity analyst Charlie Chan and his team notes: “We estimate the break-even point for big mining pools should be US$8,600, even if we assume a very low electricity cost (US$0.03 kW/h). Therefore, we think the Bitcoin mining hardware demand and price will decline further and affect TSMC’s wafer demand.”

The Taiwan Semiconductor Manufacturing (TMSC) has lowered its 2018 revenue guidance to 10% growth instead of the 10-15% as projected earlier as a result of the growing uncertainty in the cryptocurrency mining demand.

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News Of Bitcoin Cash Hard Fork Continues To Drive Prices, BCH To Reach $1000

Last week we reported on the news of another hard fork from Bitcoin Cash, I actually think somewhere we mentioned the word ‘forkception’. Watch out, we expect to see this enter the Oxford English Dictionary over the coming days, the anticipation for this hard fork really is that hot. Almost as hot as a hot …

Last week we reported on the news of another hard fork from Bitcoin Cash, I actually think somewhere we mentioned the word ‘forkception’. Watch out, we expect to see this enter the Oxford English Dictionary over the coming days, the anticipation for this hard fork really is that hot.

Almost as hot as a hot fork buffet.

Sorry, bland humour aside, news of the hard fork really does seem to be pushing up the price of Bitcoin Cash, just since the 18th of April we have seen Bitcoin Cash move from $755.00 up to $995.00, with the current value of Bitcoin Cash sitting at $980.18, up 10.44% at the time of writing.

The rise in Bitcoin Cash has been complimented by the overarching upwards market trend which has of course been inspired by the mid-April market surge which we saw last week. However, we must consider how much better Bitcoin Cash is doing over it’s twin sibling, Bitcoin. At the moment, whilst Bitcoin Cash is enjoying gains in the double figures, Bitcoin is merely floating by. Okay yes, Bitcoin is making gains too, but with few jumps over 1%, it’s pretty clear which of the pair is doing the best at the moment.

All that aside, what do we know about the impending hard fork now?

The date for this has been set for the 15th of May. It will involve an upgrade of Bitcoin Cash’s ‘consensus rules’ through the roll out of new software, Bitcoin ABC 0.17.0. All Bitcoin Cash node runners have been urged to install this update, prior to the 15th of May deadline. Exchanges and Wallets will work closely with Bitcoin Cash to ensure their services remain unaffected.

The key purpose of the hard fork is to facilitate an upgrade in the size of Bitcoin Cash blocks, notably up to 32Mb.

You can find Bitcoin Cash’s full press release here- https://www.bitcoinabc.org/may15hardfork

Because of the added interest in Bitcoin Cash this seems to have encouraged, we could suggest that Bitcoin Cash might actually stay above the rest of the markets over the next month. It is likely that Bitcoin Cash will continue to perform well, even if the markets begin to decline suddenly. Because of this, it is possibly safe to assume that Bitcoin Cash will reach $1,000 over the coming days, if it does, this will be a landmark achievement for the Bitcoin castaway.

Wait, isn’t Bitcoin the Bitcoin cast away? Who knows anymore.



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Cryptocurrency market analysis: Bitcoin cash is surging higher, but will this trend continue?

Currently, bitcoin cash is trading at $977.70, thus close to the vital $1,000. The price shows strong signs of a bullish bias visible on the intraday charts. Factors such as the spiking volatility and the increasing trading volumes can be used to explain why bitcoin cash is surging higher. However, will this …

Currently, bitcoin cash is trading at $977.70, thus close to the vital $1,000. The price shows strong signs of a bullish bias visible on the intraday charts. Factors such as the spiking volatility and the increasing trading volumes can be used to explain why bitcoin cash is surging higher. However, will this trend continue?

As of writing time, the coin has increased by 11.3% over the last 24 hours, according to coinmarketcap. This reflects a 60% increase from the recent low of $603.71 which it reached on April 6th. Currently, the coin is on a major uptrend above the $900 swing low, and it may continue to increase in the near future.

Should there be a downtrend in the market, the coin has strong support at the $970 level according to analysis by Newsbtc. As such, it shows that the current price range support of $960-$970 is very crucial for buyers. Below $950, the next support is near the 50% Fib retracement level of the last upside wave from the $800 low to $996 high at $900.

On Wednesday, the coin gained over 18% and added 10% the following day, this was after CEO and founder of BKCM LCC, Brian Kelly, pitched it in CNBC’s fast money. In the pitch, he mentioned about the bullish technical setups and stressed that he was not a particular fan of either BTC or BCH. Also, he stated that “some people are confused about the real bitcoin, sitting on the fence, I want to buy and sell to make a good profit. However, it singles down to the Satoshi visions and the real bitcoin. People should decide, as for me, making a profit is the main goal.”

Consequently, bitcoin cash is surging higher, especially after reaching the important resistance point, which intensified by daily 50-EMA. Most likely, it may maintain this surge for some time, though after it’s broken, the bullish momentum will be enough to propel the coin past the $1000 point.

Do you think BCH will break past the $1,000 from a strong bullish momentum?

Share your thoughts in the comment section below

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Cryptocurrency News – Bull runs, ICOs boom and Bitcoin Cash

Cryptocurrencies have gone through chronic underperformance compared to previous high flying for currencies like Bitcoin and Ethereum. Both, including altcoins, have languished on a lower than expected value range for nearly a month. But with improving confidence in the market and expectations for …

Cryptocurrencies have gone through chronic underperformance compared to previous high flying for currencies like Bitcoin and Ethereum. Both, including altcoins, have languished on a lower than expected value range for nearly a month. But with improving confidence in the market and expectations for a rally, cryptos are seeing a possible bullish start.

While a bull run is on its way, no other cryptocurrency has performed with the same strength as Bitcoin Cash. With CNBC’s Fast Money pinning it as a must-have altcoin to have, making it one of the most purchased coins. Initial Coin Offerings have also set new records for the industry, but demonstrate a sticking point for regulatory bodies worldwide.

Cryptocurrency News

Bitcoin – $8,467 (Up 0.85%) Ethereum – $583.9 (Up 2.51%) Bitcoin Cash – $1,020.9 (Up 2.92%) Litecoin – $150.48 (Up 0.21%) Ripple – $0.8823 (Up 11.04%)

ICOs Record-breaking performance

Initial Coin Offerings have exploded in popularity and volume of capital gained for new enterprises. According to Coindesk, since 2014 the number of ICOs and the amount of capital has reached a record high in 2018. In the first quarter, ICO’s have managed to raise a total of $6.3 billion, with Telegram as a monolithic example.

Telegram, on its own, has managed to successfully raise over $1.7 billion for its messenger app. ICOs may be subject to assessment on a case-by-case basis, Jay Clayton, chairman of the SEC, observes the majority as securities.

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