Bitcoin Cash spikes over 15% in the past day, pushing monthly gains to 85%
Bitcoin Cash, the hard fork of Bitcoin in 2017, is galloping, outperforming the likes of Bitcoin and Bitcoin SV, and the coin is now lodged at fourth, adding an impressive 15% in the last 24 hours, pushing monthly gains to 85%.
BCH USDT 1 hour chart | Source: Trangdingview
It seems like BCH bulls are taking advantage of positive developments to add to their positions ahead of halving.
Everyone knows it’s the Bitcoin halving in May.
Not everyone knows Bitcoin cash and bitcoin Sv will be halving before Bitcoin in April.
Having seen what litecoin did in 2019 can we expect the first wave of the next bull run to be catalysed by the side chains?
— blockchain elaine (@cryptotimid) January 26, 2020
The most conspicuous of them all is the proposal of a Development Fund that will see miners donate 12.5% of their mined coins for development.
If these rewards are slashed into 8 parts so that 12.5% or one out of the eight parts are set aside for miners, millions of dollars will be shelled on an annual basis to the Hong Kong-based corporation all for Free.
In addition, BCH has partnered with Mecon Cash in a deal that will see BCH withdrawals enabled at their M.Pay platform.
M.Pay has integrated with over 13,000 ATMs across South Korea. This announcement is in line with Bitcoin Cash’s ambition of being a true electronic cash.
- The Collapse Of Bitmain Could Cause Trouble For Bitcoin Cash
- Bitcoin SV And Bitcoin Cash Continue To Face Down After The Community Was “Toyed” By Craig Wright