Bitcoin Cash Continues To Gain Support Worldwide
Posted By : Anirudh Bhardwaj | 24-Nov-2017
It’s been merely four months since the Bitcoin Cash hard fork took place and it has come a long way ahead. After splitting from its legacy chain on August 1, BCH has shown a tremendous growth in terms of price, infrastructure and market cap. At the time of writing, the price of BCH is looming around $1631 for each token. With 16.6 million coins in distribution, it has reached a market cap of 27.2 billion, making it the second most valuable cryptocurrency.
Besides, it has gained support from the online communities all over the world with new exchanges connecting to the BCH network every now and then. Owing to the increasing popularity of Bitcoin Cash (BCH), people are taking more interest in this emerging digital currency. Consequently, there has been a sharp incline in the trade volume of BCH which is ranging between $1-5 billion every 24 hours.
Supported Trading Platforms & Wallets
While initially, there were just four trading platforms that supported Bitcoin Cash, it has now gained support from over 35 online exchanges. The list includes some big names like Kraken, Bittrex, Poloniex, Shapeshift, Bitflyer and Huobi. Out of these, the first four are the world’s leading cryptocurrency exchanges and are available in a large number of countries. Earlier this week, Bitstamp which happens to be the largest cryptocurrency exchange in all of Europe (in terms of trading volume) has also decided to list BCH in its popular currency pairs.
When it comes to wallets for the storage of Bitcoin Cash, options were limited at the time of its launch but not any more. BCH tokens are currently supported by 19 virtual wallets including Ledger, Trezor, KeepKey, Jaxx, Copay, BitPay, Exodus and Stash.
The Bitcoin Cash network is expanding at a steady pace. Over the weeks, it has shown a massive upsurge in terms of volume and coins in distribution. Since the first hard fork that took place on August 1, 2017, more than 26,000 blocks have been mined, showing its colossal expanse.
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About Author
Anirudh Bhardwaj
Anirudh is a Content Strategist and Marketing Specialist who possess strong analytical skills and problem solving capabilities to tackle complex project tasks. Having considerable experience in the technology industry, he produces and proofreads insightful content on next-gen technologies like AI, blockchain, ERP, big data, IoT, and immersive AR/VR technologies. In addition to formulating content strategies for successful project execution, he has got ample experience in handling WordPress/PHP-based projects (delivering from scratch with UI/UX design, content, SEO, and quality assurance). Anirudh is proficient at using popular website tools like GTmetrix, Pagespeed Insights, ahrefs, GA3/GA4, Google Search Console, ChatGPT, Jira, Trello, Postman (API testing), and many more. Talking about the professional experience, he has worked on a range of projects including Wethio Blockchain, BlocEdu, NowCast, IT Savanna, Canine Concepts UK, and more.