Bitcoin Cash surpasses $1100 ahead of upcoming fork

Bitcoin Cash has increased by about 17% in the last 24 hours before the forced fork that will take place on May 15, surpassing the $1100 level.

Bitcoin Cash, which left Bitcoin with a similar fork in 2017, is now gone. It’s 35 percent more valuable than last week.

The developers will increase the block size of Bitcoin Cash from 8MB to 32MB with the forced fork, which will quadruple the original size.

Also SegWit The protocol will also be removed, and additionally, simplified smart contracts will be allowed to take place on the Bitcoin Cash blockchain. “This news is what sparked market excitement around Bitcoin Cash,” said James Song, founder and CEO of ExsulCoin, a blockchain startup.

It is eagerly awaited whether Bitcoin Cash will continue its upward trend until May 15.