BCH Next move towards 1000 USDT as Bitcoin Cash Halving Successful, Price Up 13% and cross 700 mark?
Bach experienced a significant price increase, rising over 10%. This was part of an ongoing positive trend, with BCH seeing a 23% gain in the past week and
43% increase over the last month, reaching its highest price point since May 2021.
But does BCH have the potential to increase more or was this price spike just a temporary reaction?
The surge is largely because of the halving event and prevailing optimistic market sentiments. Bitcoin Cash, a proof-of-work blockchain split from Bitcoin in 2017 aiming for quicker, cheaper transactions, has struggled with widespread adoption within the crypto community.
The latest halving, which occurred at block 840,000, cut the mining reward to 3.125 BCH per block, down from the previous 6.25 BCH. This reduction in block rewards should have made a substantial impact, demonstrated by a significant slowdown in block production immediately following the halving.
Despite this, the network has continued to operate, confirming blocks and adjusting to a higher mining difficulty level, the most challenging since 2019. Meanwhile, the average miner’s reward has decreased, marking a pivotal moment in the network’s economic dynamics
There has been speculation in the lead-up to the halving, with the price of Bitcoin Cash increasing 147.85% over the past three months. Despite As brief dip before the event, it quickly recovered.
After halving now BCH head towards its prime touch aiming 1000 usdt value soon in coming days
So Guys keep close eye on its move,
If you have BCH than keep it tight because it's Bull run is start now
