In the past eight months, Bitcoin Cash's performance has been unsatisfactory, down about 30%. But yesterday, bch price rose 17% ahead of the lead, and the current price is $635.81. The increase may be related to the community called The Stress Test released on September 1.
The “stress test” is a community-driven BCH Coin main network and its service testing. The test is designed to process “millions of minimum fee transactions” within 24 hours to demonstrate the capacity and scalability of the Bitcoin cash blockchain, as well as the business and decentralized applications (DApps) for developers and operations. )provide data. BCH network.
The Bitcoin Cash (BCH) network experienced more than 2.1 million transactions on September 1 as the most recent result of the launch of the BCH stress test, according to data from BitInfoCharts.
According to BitInfoCharts, the average BTC Transaction fee did not increase, actually dropped from $0.002 to $0.0017.
In mid-August of bitcoin cash history data, Cointelegraph reported that bitcoin cash holdings are now reduced and cryptocurrency is reduced in commercial use. According to a study by Chainanalysis, BCH payments in May fell to $3.7 million from $10.5 million in March.
On Friday, Cointelegraph reported that the initial coin issue (ICO) consulting firm Satis Group predicted in a study that bitcoin cash would fall to $268 because it tried to “inherit brand recognition” while providing existing companies with "Minimum technical advantage." The same report pointed out that the price of bitcoin could soar to $98,000 in the next five years.
As Cointelegraph reported earlier today, after the stress test, the price of Bitcoin cash has soared because the coin has been the biggest gainer in the top 20 cryptocurrencies in the past 24 hours. According to CoinMarketCap, as of press time, Bitcoin cash transactions were at $635, up 3.1% in 24 hours and up 21.5% this week.
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