BitcoinCash is seeing revival today with over 8% surge
growth over the past 24 hours. With its current performance, the cryptocurrency has pared off all losses it has taken on over the past week and is now up 2.74% within that time frame.since the start of the year as investors' focus has shifted to other competing payment chains like Litecoin . The recovery BCH is printing at this time can be attributed to the current mishap the Bitcoin blockchain is facing at the moment.growth and congestion on the BTC blockchain.
With the need to move funds in the new economy that crypto has ushered in, it appears that investors are shifting their focus to a closer relative of Bitcoin. Bitcoin Cash fits this profile, seeing as it is a fork of the Bitcoin blockchain. The BCH coin is even tipped as a faster and cheaper alternative to Bitcoin for transactions.Is BCH's growth here to stay?
Over the past 24 hours, the traded volume of the Bitcoin Cash token has soared by 10.46%, confirmation that the growth is backed by actual interest in and trading of the coin. The apparent source of the growth as defined is the surge ofFor what it's worth, the crypto world may see the emergence of more Ordinals inscribed on the Bitcoin blockchain in the near future, thus sustaining the underlying cause of the congestion.
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