Bitcoin Cash (BCH) Rally Extends on Hype over Possibility of Two Chains

Bitcoin Cash (BCH) extended its rally, boosted by the conflict that surrounds the upcoming November 15 hard fork. The price grew with sudden jumps in the past 24 hours, at one point going above $630.

BCH has extended its weekly gains by 47%, adding another 10% to its price in the past day. In the past week, trading volumes grew significantly, rising roughly four times to $1 billion in 24 hours.

The prices follow the conviction that the blockchain would split, with enough mining pools to create a new coin. This would translate into potentially owning assets on the new chain. While it is unknown how the new version would trade, it is possible the network has some value.

In the meantime, Craig Wright has upped the ante, creating a brand for his version of Bitcoin Cash by calling it SV, which stands for Satoshi’s Vision:

This article appeared first on Cryptovest

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