Bitcoin Cash Price Boosted By The Launch Of A New $200M Fund

This morning, the Bitcoin Cash news showed an increase in the price of BCH following the news about the launch of a new $200 million fund. In fact, the Bitcoin Cash price was the only one in the green this morning – but has been dragged by the market and fell by 1.22% since then.

The chief proponent behind the token, Roger Ver, yesterday announced that Bitcoin.com (his company) would be launching what he described as an “ecosystem investment fund” which will boost the token’s growth. He also stated that this fund would be used to invest in businesses that want to build on the native Bitcoin Cash network.

As many expected, the Bitcoin Cash price got a boost of less than 1% in the past 24 hours. At the time of writing, the token is back in the red – but it is not dropping many percents such as other altcoins.

Speaking of, the Binance Coin news today show that BNB has lost more than 6% overnight and is in a bearish momentum losing a lot of its hard-gained value. In either case, the Bitcoin Cash price shows that it is one of the best performing top coins as many other alts dropped up to 5%.
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Roger Ver even issued a statement and said that the interest for Bitcoin Cash (BCH) is driving up as of lately. At an event in London, he claimed:

“With some of the business development deals we have brewing at Bitcoin.com, I am certain there will be significantly more places accepting Bitcoin Cash than any other cryptocurrency shortly.”

For those of you who don’t know, the network behind BCH was upgraded earlier this month, resulting in another Bitcoin Cash price boost following the launch. Ver and Bitcoin.com have a lot of high hopes for the token. In fact, Ver at one occasion said that BCH will be worth “99,900% more” than its current value at some point in the future.

Meanwhile, the other updates show that besides Binance Coin (BNB), Tron (TRX) has fallen by more than 6%, just like Cardano (ADA). On top of that, Litecoin (LTC) is also falling by 5% today and is followed by Bitcoin SV (BSV) which lost around 4% overnight.