Bitcoin Cash Price Easily Surpasses $3,300 as Bitcoin Continues to Struggle

BITCOIN CASH PRICE GAINS ADD UP NICELY

Anyone who bought Bitcoin Cash about a week ago – or even earlier – will be quite happy with how things have turned out. Unlike what most people had expected at this point in time, the Bitcoin Cash price successfully surpassed its previous all-time high of $2,800. In fact, it made that particular all-time high look like pocket change, considering how the new all-time high is recorded at $3,813. This is over $1,000 higher than the previous record, which is incredibly impressive.

Most of these gains have been recorded in the past 24 hours. Just yesterday, it seemed as if the Bitcoin Cash price would surpass $2,500, even though the momentum did not necessarily warrant a new all-time high in quick succession. Then again, the ongoing Bitcoin problems are forcing users to look for alternatives, especially now that the Bitcoin price is struggling quite a bit.  It will be interesting to see how long this momentum can remain in place, as many people have high hopes for a Bitcoin price reversal sooner rather than later.

For the time being, we see a Bitcoin Cash price of $3,368, which is more than respectable. It is also a lot higher than more Bitcoin diehards had expected, as they would much rather see this hard fork disappear altogether. It seems the Bitcoin Cash methodology of on-chain scaling is working in its favor right now, which is a positive sign. We can only hope Bitcoin manages to figure out its own scaling problems sooner rather than later, though. Right now, that seems highly unlikely, but we may receive some pleasant surprises in the future.