The price of Bitcoin cash is altering immediately after the Bitcoin fork on Tuesday. Question still remains, what is Bitcoin cash?
The latest Bitcoin cash price.
What is Bitcoin Cash?
On Tuesday the Bitcoin Fork created Bitcoin Cash which is a new version of BTC but it's on a new blockchain and carries different rules.
Miners Forked from the main Bitcoin blockchain and switched to a new version of software believed to have greater transaction capacity. The process did not affect any BTC balances anywhere and later million of BTC users were awarded with Bitcoin Cash tokens.
What is the price of Bitcoin Cash?
Its price closed at $452 on Wednesday while reaching a high of $756.7 with a low of $310.33 and the Bitcoin price closed at a higher price of $2,730. Researchers have claimed that Bitcoin Cash is now the third largest cryptocurrency on paper. Also adding that the proper price discovery has not yet occurred and raising a question if this is a fair price for Bitcoin Cash.
This is the Bitcoin Cash price as of 1:00PM on Wednesday 2
At the moment it is hard to predict what will happen next. And it is also obvious that the price will fall if users decide to dump it. Though i believe that it is here to stay since the start is smooth. I will embrace it because i know it has some future in the blockchain.
So let the market decide...
