Bitcoin Cash Fork

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Bitcoin Cash Fork -Bitcoin ABC

Usually, during a fork, especially of such nature, the fork is heavily covered.

I was surprised to found out that there is a plan for a Bitcoin Cash Fork scheduled for the 13th of November.

We have seen a big rally on Bitcoin Cash over the last week, the market cap has more than double and the price moved from $600 to over $1400 today.

What are the reasons for such big rally in such a short term?

  • Segwit X2 being canceled for the time being due the lack of enough consensus
  • People are looking for a ”better bitcoin” at a discount price
  • The Hard Fork on Bitcoin Cash on the 13th of November
  • Over 100000  bitcoin  pending transactions over the weekend (causing a major delayed until the transaction are confirmed by the miners)

The hard fork wasn't well communicated and most exchanges haven't made a statement regarding this hard fork.

Please see if your exchange will support it.

For the time being, please trade with caution.

For the full details please go to BitcoinABC

Author

  • Zarihoun Traore

    Hello, I'm Zarihoun Traore, the founder and driving force behind Cryptostec. With over nine years of experience in the crypto, financial, and payment sectors, I have dedicated my career to understanding and navigating these dynamic industries. My journey has taken me through a variety of roles and projects, from SaaS and Fintech startups to casino brands, each contributing to the depth of knowledge I share with you today.My JourneyI have had the privilege of presenting at prominent events like CryptoFinance and attending numerous key conferences such as Websummit, Paris Blockchain Week, and iFX EXPO. These experiences have been invaluable, allowing me to engage with industry leaders, stay ahead of emerging trends, and bring back insights that shape the content you find on Cryptostec.

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