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Bitcoin Cash [BCH] tunes in more buyers, Filipinos can now trade!

Simran Alphonso

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Bitcoin Cash [BCH] tunes in more buyers, Filipinos can now trade!
Source: Pixabay

Coins.ph, a digital money wallet, accessible in the Philippines, at first, just bolstered BTC in their wallet. They have, as of now, included Bitcoin Cash [BCH] to guarantee Filipinos complete advantage from low exchange expenses to quick exchanges.

Bitcoin tweeted:

“Filipinos can now easily access Bitcoin Cash—Coins.ph adds BCH support to their wallet”

[email protected], a Twitter user commented:

“Whats bitcoin cash? Is it like those cheap rippoffs one gets of real quality products?”

Coins.ph is a financial services platform founded in 2014 by Silicon Valley entrepreneurs Ron Hose and Runar Petursson in Metro Manila, Philippines. As a service running on blockchain technology, Coins.ph uses digital currency as a low-cost gateway to banking, extending the reach of financial institutions beyond their existing branch infrastructure to the 300+ million who are unbanked in the Philippines and the rest of Southeast Asia.

The Philippines is an economy where settlements and the charges are involvements of a major deal. While there is an assortment of choices for cash settlement benefits in the nation, the expenses they charge can be very excruciating for investors financially.

In such an environment, Coins.ph has liberated the people with a better connection to the virtual currency world by launching its wallet along with BTC and now BCH trading.

Recently, BCH posted a controversial comparison between BTC and BCH. Since the commencement of Bitcoin Cash, the group has been bargaining laws. The question of ‘Who is better’ is something BCH has been fighting to prove to the crypto-world.



With the Co-founder, Roger Ver’s promotional activities and BCH’s controversy, the coin has gained popularity over time.

At the time of writing, BCH is traded at the price of $760.30 with a market cap of $13 billion. The coin has seen a fall of 6.17% in the past 24 hours and its weekly cap runs red with 10.74%.





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Simran Alphonso is a Journalist at Ambcrypto. She has a background in Financial Markets and holds expertise in Digital Marketing.

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1 Comment

1 Comment

  1. Avatar

    Gertrude Goodbody

    June 24, 2018 at 7:44 AM

    There are many BCH investors who have invested a lot of money in BCH. My investment has nothing to do with Roger Ver or any other personality. I have invested in BCH because I’ve tested it and used it. It’s easy to use, fast, cheap transactions. It’s much better than BTC, LTC and ETH. I’m sick and tired of crypto politics hanging tech and BCH on personalities. If anything these bad players helped me buy BCH cheap by scaring people to dump it down for me to buy better tech and better fundamentals for cheap…

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Analysis

Bitcoin Cash [BCH] vs Bitcoin SV [BSV] Price Analysis: BCH bullish as BSV struggles to keep pace

Yash Rajan

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Bitcoin Cash [BCH] vs Bitcoin SV [BSV] Price Analysis: BCH signals bullish as BSV struggles to pick up pace
Source: Pixabay

Bitcoin Cash was trending after the multisig transaction was carried out . The Free Ross Ulbricht campaign has also spurred the growth of Bitcoin Cash. According to CoinMarketCap, BCH stood fourth on the list of top cryptocurrencies, with a market cap of $7.12 billion and a 24-hour trading volume of $3.25 billion. BCH rose by 2.16% over 24 hours, at press time.

Bitcoin SV stood sixteenth, with a price of $62.43 and market cap of $1.11 billion. At press time, it had a 24-hour trading volume of $167.29 million. BSV saw a dip of 2.29% during the 24-hour cycle.

1-Day BCH Analysis

The resistance line stood at $418.4, and the three support lines were at $279.0, $157.1 and $112.3. The first uptrend started at $171.5 and ended at $319.9, while the second one extended from $259.3 to $387.

Source: TradingView

Source: TradingView

Bollinger Bands showed an increased rate of volatility in the market and the moving average line was below the candles, depicting bullish trend.

Awesome Oscillator displayed a bullish buying opportunity as the short-term momentum in the market was greater than the long-term momentum.

Chaikin Money Flow suggested that money was flowing into the market.

1-Day BSV Analysis

Resistance lines stood at $97.36 and $87.24 and the support line stood at $55.06. The first downtrend saw a change in price from $96.16 to $78.84 and the second downtrend started at $88.85 and ended at $72.09.

Source: TradingView

Source: TradingView

Bollinger Bands indicated growing market volatility

Awesome Oscillator presented that the short-term momentum was greater than long-term momentum, indicating a bullish buying opportunity.

Chaikin Money Flow indicator was just below the zero-line. This indicated that money flowing out of the market was marginally more than money moving into it



Conclusion

While BCH continued its bullish resurgence, BSV struggled to keep up pace with the general bullishness of the collective market.





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