Bitcoin Cash (EXANTE: Bitcoin.Cash) topped $1,400 today for the first time in ten weeks. The fourth-largest cryptocurrency on the market has more than doubled its price over the past 10 days in the run-up to a new hard fork expected on May 15.
On Monday, the cryptocurrency rose to as high as $1443,27, but has now dropped slightly to $1,345, according to Insider.pro’s chart.
The hard fork of the currency will form Bitcoin ABC, an acronym for Adjustable Blocksize Cap, which will increase Bitcoin Cash's block size to 32 MB, a fourfold increase from the original 8 MB, developers say.
The price was further boosted by the news that Bitpay’s Checkout PoS app has recently been updated to allow buyers to pay with Bitcoin Cash in retail stores accepting the cryptocurrency.
The app allows clients to generate payment codes on their handsets and send them to a merchant’s mobile device.
Bitcoin Cash has gained 77% over the past week, much more than any other cryptocurrency in the top ten.
- Bitcoin Cash: +77%
- EOS (EOS/USD): +43%
- Ripple (XRP/USD): +33%
- IOTA (IOTA/USD): +32%
- Stellar: +31%
- Ethereum (ETH/USD): +25%
- Cardano: +22%
- Litecoin (LTC/USD): +17%
- NEO (NEO/USD): +14%
- Bitcoin : +10%
By Siranush Ghazanchyan