Why Bitcoin Cash Triumphed on Thursday

Bitcoin Cash (CRYPTO: BCH) is a hard fork of Bitcoin (CRYPTO: BTC). Because of this, its price tends to more or less track that of the foundational cryptocurrency.

As the trading week approached an end, however, the two assets diverged a bit. On Thursday late afternoon, Bitcoin Cash was up by nearly 7% from 4 p.m. ET the previous day, while Bitcoin had only risen by 2.5%. A looming event for Bitcoin Cash was a major reason for this.

Bitcoin Cash is essentially an attempt to make a form of Bitcoin a useful, practical means of exchange for peer-to-peer transactions. While it hasn’t yet succeeded with flying colors in achieving its goal, its close association with the world’s favorite crypto keeps investor interest high.

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Source Fool.com

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