Bitcoin Cash, which split from Bitcoin with a fork last August, has risen 80 percent in dollar terms in the last seven days. Today, Bitcoin Cash showed an increase of approximately 17% and reached the level of $ 1,400.
It can be said that this increase in Bitcoin Cash is due to the upcoming fork.
It is possible to start a forced fork on May 15th. In the upcoming Bitcoin Cash, the fork aims to increase the processing power of Bitcoin Cash by increasing the size of the transaction blocks. The block size is planned to be increased from 32 MB to 32 MB. At the same time, the SegWit protocol will be removed. However, those who want to have the new coin that will emerge as a result of this fork and invest in Bitcoin Cash may be disappointed. However, most crypto traders still have Bitcoin forks in mind. More and more people are linking forced forks to rising prices. Especially in the markets of Japan and South Korea.”
Greenspan recently drew attention to the increase in Bitcoin Cash transactions in Japan and South Korea, and said that this will contribute to the continued momentum in the cryptocurrency markets.