As per the reports, on November 3, the price of Bitcoin Cash (BCH) has increased by 12% from $425 to $477 and at the time of writing this, on November 4, (10:23 PM), the value of one bitcoin cash is equalled to 573 USD.
Ahead of its scheduled fork on November 15, the Bitcoin Cash prices have increased to $535, i.e. up to 15%. The support of the bitcoin cash set forth by Coinbase, in a belief that there will be an increase in the coming time.
The Coinbase team said, “Twice a year, the Bitcoin Cash (BCH) network hard forks as part of scheduled protocol upgrades. The next BCH hard fork is scheduled for Nov 15, 2018, and Coinbase is prepared to support the published roadmap from bitcoincash.org,”
Bitcoin Cash has upgraded from $477 to $535 and is continuously rising. The volume nearly increased with a span of three days. Since the start of this month, the volume of Bitcoin Cash has increased from less than $200 million to around $980 million.
Rise in The Volume of Bitcoin Cash
The volume of Bitcoin Cash is as equals to Ripple (XRP) when the prices tripled in the mid of October ahead of the announcement released by Ripple Labs in collaboration with a major bank.
This partnership later turned to a deal with a European banking giant – Banco Santander, in order to utilize XRP as base currency of the new mobile app of the bank.
Since then, the Ripple’s volume has shown less intensity due to a decline in the prices of Bitcoin. However, during that time, Bitcoin Cash has started to near the XRP volume, which hovered at nearly $1.2 billion.
Apart from Bitcoin Cash, other cryptocurrencies and market capital tokens have shown a little gain. As reported, Stellar, Cardano, Tron, and Ontology recorded a grown in between 2 to 5%.
Considering the numbers, over the last 48 hours, Bitcoin and Ethereum have maintained stability at $6350 and $200 respectively, and another major rise in the movement is not expected until the two cryptos indicate an increase in the trading activity.