Is it Too Late to Buy Bitcoin Cash? BCH Price Pumps Up 50% While AI Crypto Signals Platform yPredict Raises $2.7 Million
Bitcoin Cash (BCH) is holding close to the $300 level after an intense melt-up in the last few weeks.
BCH/USD was last changing hands around $291, down a little on the day amid a subdued tone to broader cryptocurrency market trade.
Despite now trading around 10% lower versus last Friday’s more than one-year peaks around $330, BCH is still up more than 200% versus earlier monthly lows around $90.
News that BCH will be one of the few cryptocurrencies listed on by crypto exchange EDX Markets was attributed as the catalyst for June’s big price spike.
EDX Markets, which is backed by a number of major financial institutions like Fidelity, Charles Schwab and Citadel, recently launched and observers think that the exchange will be looked on more favorably by regulators than its competitors like Coinbase.
Bitcoin Cash was created back in August 2017 as a result of a hard fork from the original Bitcoin blockchain.
Its creators launched the new blockchain to address the limitations of bitcoin such as problems relating to its scalability and transaction speed.
Bitcoin Cash’s strong recent performance means that it is the third best-performing cryptocurrency in the top 100 by market capitalization over the past seven days, as per CoinGecko.
The strong rally over the past week and a half has some crypto investors concerned that they might have missed their chance to buy BCH on the cheap.
Is it too late to buy Bitcoin Cash, they might now be asking.
Well, while the cryptocurrency’s strong breakout from the $90-$160ish range it was stuck within for around one year certainly seems to signal a longer-term bullish impulse, BCH is still a long way down from previous all-time highs.
Back in May 2021, Bitcoin Cash rose as high as the $1,600s, more than
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