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The famous altcoin Bitcoin Cash which was designed after the fork a couple of months ago has been on the rise lately. With a new market cap of more than billion and a 0 surge in price in only 90 minutes, Bitcoin Cash has been another one of the currencies which price is rapidly growing.
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It seems like December 2017 will be a well remembered month for cryptocurrencies – and a lot of that has to do with the bitcoin futures trading on CBOE and CME. Following the steps of coins like Litecoin, Ripple, TRON, ADA and XLM along with many other altcoins that saw movements over the past couple of days, Bitcoin Cash has exploded 24% in just 90 minutes.

As you probably know, Bitcoin Cash is the result of a fork in the Bitcoin blockchain system that occured in August. The best explanation for its growth lately goes around Emil Oldenburg, the CTO and co-founder of the media source Bitcoin.com who expressed  doubts in Bitcoin long-term functionality compared to Bitcoin Cash in an interview with a Swedish tech site.

As Oldenburg said: “I would say an investment in bitcoin is right now the riskiest investment you can make. There’s an extremely high risk,” Oldenburg said. “I have in fact sold all my bitcoins recently and switched to bitcoin cash.” adding that “As soon as people realize how it works, they will start to sell, and the old bitcoin network is as good as unusable”.

Even though there is some room for speculations after this move, what is sure is that Bitcoin Cash is rising in terms of price and market cap. A lot of investors are backing the cryptocurrency up and see it as ‘safer’ than many other virtual currencies.

Currently, the price of Bitcoin Cash is at $2,391 which marks another 21% price growth in only one day.