Bitcoin ($BTC) will remain the market leader. When it moves, it clears the road for altcoins to run. When $BTC moves strongly, altcoins have a huge opportunity to stage dramatic rallies. Riding the $BTC wave, Bitcoin Cash ($BCH) achieves 40% weekly gains.
As the bull market continues, investors should look beyond the top ten cryptocurrency coins and consider investing in altcoins. When everything is going up, the best plays are those that are just outside the mainstream and about to break through.
Bitcoin Cash ($BCH) Surges 40% in Just One Week
Bitcoin Cash is sometimes overlooked, but investors have recently become more interested in it because $BCH has been one of the best-performing assets beyond the meme coin market. The block battles in the Bitcoin space led to an increase in $BCH. Bitcoin Cash supports more blocks and is more scalable. It is better suited for payments than the original Bitcoin, which is a better value store.
Bitcoin Cash, like $BTC, has a scheduled halving event, which propelled its 40% increase last week. In about a month, the $BCH issuance rate will be slashed in half, and if demand remains constant while supply falls, the price will only have one way to go in.
In addition, Bitcoin Cash’s relationship with $BTC makes it a clear beta candidate. Given that they trade in the same direction, many investors trying to increase their returns prefer to buy $BCH over $BTC. As the halving date approaches, Bitcoin Cash is clearly a popular cryptocurrency to buy.
Closing thoughts
A market-wide revaluing event is on its way, and those who own jewels outside of the top ten crypto currency will benefit the most. Investors’ risk appetite is increasing, and they want to get ahead of the curve. Bitcoin Cash appears to be robust as it approaches its half.
Release: The purpose of this content is only to provide knowledge. Readers have to do their own research before making investment decisions.
