U.S based Crypto Exchange Poloniex Launches ‘Pre-Fork’ Trading for BCH

XRP powered-x Rapid and Ripple to get push for adoption through upcoming SWIFT GPI upgrade and Temenos

Backed by the likes of Jihan Wu (Co-Founder of cryptocurrency mining behemoth Bitmain) and Roger Ver (cryptocurrency pioneer, one of the original founders of the Bitcoin Foundation, and somewhat controversially, CEO of Bitcoin.com), Bitcoin Cash gained a significant amount of steam and user adoption.

Over the last 24 hours, it has seen an 8.8% increase.

Bitcoin Cash is about to tear itself in two. In its fourteen months since inception it has rarely reached more than ten percent of BTC's value, with which it competes about being "the true" Bitcoin. Yesterday evening, the cryptocurrency traded as high as $623 hitting a two-month high. If the market's Bull Run continues, a price rally towards the $500 psychological mark is likely to be witnessed. The official message board for Bitcoin Cash is bitcointalk.org. It hit this low weeks ago after breaking the resistance at $588 and has been stuck around this level for a while now.

Due to Bitcoin's increasing stability and the gradual price rises occurring amongst multiple altcoins, one prominent analyst believes that an end-of-year crypto rally could be possible.

The post Altcoins Surge as Bitcoin Finds Stability, Market Led by XRP, XLM, BCH appeared first on NewsBTC. As you probably know, a rise in the price of Bitcoin usually means a rise in the price of other coins. Although there are a few businesses whose operations will remain open during the fork, they advise that sending transactions during a contentious fork can be risky due to replay attacks. The coins are available for trading on the exchange pending the hard fork on 15th of November. The fork is expected to create a new (split) minority chain, supported by Wright, to be named Bitcoin SV after its reference implementation. Investors are buying more Bitcoin Cash in anticipation of this fork.

Bitcoin ABC, the development team behind the most popular Bitcoin Cash implementation to date, has scheduled CTOR for inclusion in the coming upgrade. It's also leading investors to think about the difference between investing in "Bitcoin regular" or some version or derivative coin. XRP is now trading up 8.45% at $0.525, and up significantly from its weekly lows of just under $0.44.

Stellar Lumens (XLM) is the third best performing major altcoin at the time of writing, trading up approximately 5% at its current price of $0.256. This is no surprise following the announcement Blockchain, a wallet service provider, made about awarding $125 million in XLM to its customers through an airdrop.

Join the Leading Industry Event! The entire market is packing $6 billion every 24 hours.

XRP's latest pump is bringing it much closer to passing Ethereum's (ETH) market cap, which is now less than $1 billion higher than that of XRP.

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