Bitcoin Cash (BCH) has been gaining momentum for weeks now.
Now it seems that the cryptocurrency may have crossed a tipping point.
The price of the cryptocurrency has surged by over 100% in the last week and it seems as if the cryptocurrency is headed for a big jump in price.
Bitcoin Cash is now trading at around $5,000.
The cryptocurrency has increased from about $5 a coin to over $10 a coin since the beginning of November.
The rise in price of Bitcoin Cash has been so high that it has now surpassed the price of ether, which is currently trading at $10.50 a coin.
The cryptocurrency has also surpassed the value of the altcoin bitcoin.
In the last 24 hours, the value has risen by about 1,100%.
This has led to people asking why the cryptocurrency was still trading at this level.
Many people are pointing out that Bitcoin Cash can’t compete with the value that bitcoin has gained.
The altcoin is currently gaining popularity in the Bitcoin community and there are many users who are actively using it.
However, the reason why people are actively looking for the cryptocurrency to reach a new price point is because the price could drop below $5.00 a coin before the next major fork in the cryptocurrency.
The fork, which could happen anytime between October 15 and December 15, is believed to be called Segwit2x.
The Segwit 2x fork is believed by many to be a compromise between Bitcoin Cash and Bitcoin Core, the cryptocurrency’s developers.
The price of bitcoin has fallen in recent days.
At the time of writing, bitcoin is trading around $1,200.
As of writing the cryptocurrency could be trading around around $500 a coin and it could hit a high of $5 at the time.
However, the price will likely continue to rise until the fork happens.
Bitcoin cash could easily reach a price of over $5 for the first time in a few months.
If it did, the digital currency would likely be the most traded cryptocurrency.
There are many cryptocurrency investors who are bullish on the altcoins futures market, and they would likely see Bitcoin Cash as a better option for long-term investments.
Source: CryptoCoins News via CNBC