The cryptocurrency market has been experiencing faint signals of recovery when top-5 crypto giants went green yesterday. It seems as though the market could turn to a bullish trend for the remainder of the week if nothing bad happens. Even when the market is struggling for a complete reversal of last week’s damage, Bitcoin Cash is performing better than other cryptos effortlessly. On 4th June Bitcoin cash nearly doubled its figure over 7 days. All that’s left to see is whether BCH markets can maintain this uptrend.
Bitcoin Cash’s Trading Volume
Bitcoin cash community members have been comparing it with BTC in terms of gains, traction, adoption, volume etc. since the very beginning. The reason why BCH soars so high is that of its dedicated community members and investors. A cryptocurrency’s demand is measured by its volume which turns out to be a useful indicator while analyzing a crypto’s success rate. Analysts have indicated that BCH market’s increasing volume might be the cause of its bullish trend. Currently, 13.26% of BCH volume is coming from OKEx where $88.3 million USD worth of Bitcoin Cash has exchanged hands at the individual price of $1131.50 USD while its total volume for the last 24 hours is close to $643 billion.
Japanese Retailers Soon to Accept Bitcoin Cash
Some experts believe that a bull run is just around the corner for Bitcoin cash. There’s been a revelation from Roger Ver, whom people know as cryptocurrency evangelist and promoter of Bitcoin cash that the currency might get adopted by thousands of Japanese retailers as a payment method and thus enter the Japanese market.
Although it’s still just a hint which was given during a recent interview and not an official announcement, therefore, it’s still unknown as to when this adoption will take place. Roger Ver seemingly announced that some tens of thousands of convenience stores and retailers are up for accepting Bitcoin cash soon. This would allow people to buy stuff with BCH and also pay their bills with it. Ver has also pointed out towards the impending partnership with Menufly for accepting BCH as payment for its large-scale operations in major cities and bitbox to provide developing tools for devs utilizing Bitcoin cash network.
BitcoinCashers.org Assists in Bitcoin Cash Adoption
Since its inception, Bitcoin cash has been aiming towards becoming global payment mode and rule the sector by injecting the digital currency into the daily lives of people. Bitcoin Cash Foundation has made gradual advancements to clear BCH path by including more features in it and making it better than its core project, Bitcoin.
Bitcoin cash strives to be better suited for consumers as well as businesses and in countries with the high inflation rate, Bitcoin cash becomes more useful than fiat currencies. In order to quicken the pace of global adoption, the team behind Bitcoin cash has created BitCashers.org. One of the many purposes of BitCashers.org is that it is likely to promote Bitcoin cash as a ‘made for business’ crypto to the global audience and thus increase the number of BCH users substantially.
Zero Fee Transactions for BCH Miners
There’s one another of Bitcoin cash hitting headlines these days and it’s regarding a new initiative that convinces Bitcoin cash miners to process a limited number of 0 fee transactions in every block by removing dust limit. This initiative has gained support from many renowned individuals and companies such as Prof. Craig Wright who promotes Bitcoin. The said initiative turned heads when nChain and CoinGeek that their respective mining firms will start allowing their users to make transactions for a negligible fee (even less than 1 Satoshi i.e. $0.00001137). Through this initiative, some companies are aiming for Bitcoin Cash growth and promote competition free marketplace among miners.
The total market capitalization of Bitcoin Cash is close to $19.4 billion USD according to CoinMarketCoin data at the time of writing. Having amassed such a huge market, Bitcoin cash is now available everywhere and assisting global vendors to make and accept payments directly without depending on any bank, government and payment service. It is presently ranked as the 4th biggest cryptocurrency worldwide.
Bitcoin Cash undoubtedly has untapped potential to rise above the rest of the altcoins and change the course of crypto history by becoming the first forked digital asset that’s more profitable than its core project. There are many indications that Bitcoin cash may rise in the remaining week therefore, crypto enthusiasts believe that it might be good time to go all in. With new ideas like BitCashers.org, BCH team is actually trying to gain more attention from vendors, retailers and also developers from all over the world. If things go well, then $1500 mark can be possible to reach.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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3 Coins Coinbase Will Adopt Next
Coinbase is one of the largest and most popular cryptocurrency exchanges in the world. However, throughout its existence, it was very picky when it comes to which coin it will adopt. So much so, that it has become a very large achievement to get support by the exchange.
Recently, however, Coinbase has decided to act on its users’ wishes and expand its list of accepted coins. In theory, this was a big deal, and the exchange actually started looking into a lot of coins. However, it only adopted a few of them. Right now, Coinbase is supporting Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin, USD Coin, Basic Attention Token, and 0x.
Even so, Coinbase wishes to add more of them, but only after it ensured that the coins are a part of legitimate, non-controversial projects. As a result, the entire crypto community started speculating about which coins will be added next. This will also be something that we will try to answer today, by listing three projects that are the most probable candidates.
EOS or Ethereum On Steroids, as some like to call it, is a more than a decent project that has made headlines multiple times this year due to its progress. It managed to launch its own MainNet, which made it perfect for dApp development and smart contract creation. This makes it similar to ETH, but many…
What Will It Take For Bitcoin (BTC) To Rise Again?
It is no secret that 2018 has been a terrible year for cryptocurrencies when it comes to their value. Things looked so bright during the first few days of this year, with Bitcoin hitting $20,086 per coin, and every altcoin reaching new heights. However, it was not to last, and soon enough, the market crashed, and prices went down.
What followed was months and months of a heavily bearish market that kept pushing the prices further and further down. It prevented any attempt of recovery, although several of them gave it their best shot.
Despite a situation like this, crypto investors never forgot the potential of Bitcoin, and many have been predicting another bull run that would have the same results. Those expectations were quite large, and potentially even unrealistic at first. Now, however, as the year approaches its end, it doesn’t seem like anything will happen. The community started to wonder why that is, and what would it take for another bull run to emerge, which is what we will try to answer right now.
What does Bitcoin need in order to have another bull run?
1. Bringing regulation
The crypto space remains highly unregulated in most parts of the world, which is one of the largest reasons why BTC remains dormant. While there are attempts to regulate it, these attempts are made even more difficult due to the fact that the market is constantly changing and…
Stellar plans to Airdrop 150 Million USD in XLM to Blockchain Wallet Users
Recently the Stellar Development Foundation partnered with Blockchain Wallet to airdrop $150 million value of XLM, to the owners of the wallet. The Block declared that the first batch of XLM would be shared this week for all users who signed up to use the Blockchain wallet.
The team behind the stellar Development Foundation hopes that this partnership will make XLM a real rival for other cryptocurrencies from the market.
The co-founder of Stellar, Jed McCaleb declared the following about the airdrop:
“We believe that airdrops are central to creating a more inclusive digital economy. Giving away lumens for free is an invitation to communities to design the services they need.
By working with Blockchain to increase the availability and active use of lumens on the network, we will increase the network’s utility by many orders of magnitude.”
Just $25 value of XLM each
To share some respect to the worth of XLM will distribute for each user, the team of Blockchain wallet declared that after verifying the identity when signing up to the wallet, $25 value of XLM will be shared to each. Furthermore, there will be a first- come and the first-served clause in this airdrop which says:
” Offer available until XLM giveaway supply is depleted. Limit of one XLM airdrop per person, unless participating in any bonus activities.
A person can receive the XLM airdrop in only 1 Blockchain Wallet. XLM…
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