JAKARTA - Bitcoin Cash (BCH) is one of the crypto tokens that has been on the rise for the past week. Katena has been listed by INDODAX, Bitcoin Cash can be purchased by Indonesian investors.
This rising crypto hype has caused Bitcoin Cash (BCH) to experience a fairly rapid increase. At the end of June, the price of this crypto token on INDODAX reached IDR 4,789,000 or 1 BCH.
Based on information from CoinMarketCap that day, Bitcoin Cash (BCH) is in second place with trending coins and is in 14th position when viewed in terms of Market Cap.
Regarding the increase in the value of Bitcoin Cash (BCH), as one of the actors in the crypto industry in Indonesia, INDODAX CEO Oscar Darmawan said that Bitcoin Cash, which is a cryptocurrency often referred to as a Bitcoin blockchain hard fork, was created as a scalability solution from Bitcoin.
Bitcoin Cash is certainly different from Bitcoin, one of which is in terms of block size which affects transaction processing capacity. Bitcoin Cash can process transactions more economically and efficiently," Oscar explained in a statement received in Jakarta.
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When viewed from a historical perspective based on the INDODAX market, the price of Bitcoin Cash (BCH) has increased by more than 178 percent when viewed month to month. The price of Bitcoin Cash (BCH) in the past week has also increased by almost 80%, which indicates that the hype that is currently happening is equivalent to rising prices.
The price increase that occurred in Bitcoin Cash is suspected to be triggered by the EDX Markets crypto exchange supported by financial institutions in the United States, namely Citadel, Fidelity, and Charles Schwab. EDX Market lists four crypto assets, one of which is Bitcoin Cash. Of course, this increases public interest in Bitcoin Cash, especially recently that the US government is aggressively targeting crypto, "he said further.
However, even though Bitcoin Cash is hype, Oscar reminded that crypto investors are encouraged to use the Dollar Cost Averaging (DCA) installment technique to make it much safer. Not to forget, investors also need to keep investing and doing Do Your Own Research/ DYOR.
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