Bitcoin Cash is ranked at #4 right behind XRP in the market. The trading volume recorded stands at $1.198 billion, whereas the supply has 18,005,713 BCH coins in play. As of this moment, the total market cap of Bitcoin Cash is $5.538 billion which is reasonably higher than the attained value of Litecoin which is trailing beneath BCH. The digital currency is priced at $307.57 after it climbed at a rate of 0.97% in the course of the past 24-hours.
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The daily RSI [for 14 periods] has risen to 53. In the aftermath of 7th September, the MACD line has been steadily soaring over the signal line, thus ensuring that the histogram stays in the green zone. The final peak tied to the Awesome Oscillator has been formed atop the zero line, and bears the green shade as well.
All these indicators point to bullish force returning to affect the altcoin which was born as a result of a Bitcoin Core fork. Key resistance can be found near $330.08, and support lies close to the $271.56 level. While Bitcoin Cash hasn’t been too profitable for the past year, adoption has grown in Australia, South-East Asia and in various other parts scattered across the globe.
On September 18th, a new meet-up has been scheduled to occur in Tokyo, the capital city of Japan. The venue is the Luxury Bar and Lounge Mezzo in Roppongi. This center has welcomed BCH transactions since the previous year. This proves that Japan isn’t far behind in terms of mass adoption of cryptocurrencies. So far, 13 BCH enthusiasts [including the event organizer Akane Yokoo] have signed up to attend this meetup.
About Post Author
Aditya Chatterjee
A specialist in comics and cryptocurrencies with an inclination towards DASH and Cardano. I have an innate desire to be a seasoned trader in the near future. Analyzing candlestick charts is a personal hobby.
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