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The hard folk was the biggest test yet for cryptocurrencies and not only have they survived but a new coin has been produced which is now a serious rather to its father. Many thought that Bitcoin Cash would not survive after the Blockchain split into two but now that the dust has settled it is seen as an attractive investment.
It has a faster processing speed and it not encounter the scaling difficulties Bitcoin will still have to overcome. Due to the advantages investors have decided to heavily invest which has seen the price sky-rocket 30% in one day alone. It is possible that it will catch up to the record breaking price of over $20,000.
The bitcoin offshoot, bitcoin cash, soared Friday after indications the alternative digital currency could make its goal of speeding up transactions. Bitcoin cash rose 40 percent from Thursday’s close of $460.53 to briefly hit $655 Friday afternoon, according to CoinMarketCap. That’s the highest since bitcoin cash touched $756.93 on […]
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