Bitcoin Cash: Bull Run Continues, Predictions of $1,000

Bitcoin Cash is commanding higher prices, seemingly benefitting from the cancelled hard fork in Bitcoin. In the last few days, the coin received additional publicity from Roger Ver, stating he would be pointing all his resources into BCH.

BCH now commands trading volumes close to those of Bitcoin in the summer months, at $1.1 billion in 24 hours. BCH rose more than 15% in the past day, to $727.25.

And while most of the trading is concentrated on Korean exchanges, BCH also trades at a premium in the pairs against Bitcoin, standing at $742.65 on Poloniex.

But the Bitcoin Cash climb is an event to watch, especially with expectations that the larger blocks version of Bitcoin may take over the original digital asset, in market price as well as hashing power.

There are some indications such an event may be happening, as the hashing power of Bitcoin fell rapidly to 7.2 PH/S, nearly 30% down from the October peak. The expected downward shift in difficulty coming later today is 34.1%, an unprecedented drop after an almost incessant rise in the past few years. There is also a talk of a hard fork.

"Bitcoin Cash. We recognize that miners perform a critical service, securing the blockchain. We respect and value their contribution. Join us in building a better future.— Electron Cash (@electroncash)November 9, 2017"

Bitcoin Cash. We recognize that miners perform a critical service, securing the blockchain. We respect and value their contribution. Join us in building a better future.

At the same time, the distribution of Bitcoin Cash has changed, indicating that more pools are joining along the Unknown entity. As promised, Bitcoin.c