The price of Bitcoin Cash’s BCH token has spiked over 12% today amid a broader recovery in the altcoin market. According to crypto whale tracker @FishTheWhales, significant whale buying activity has occurred in BCH over the last week. With 10 whale alerts in the past 7 days and nearly $100 million in 24h trading volume, there appears to be renewed whale interest driving BCH demand.
This return of positive sentiment comes during a period when major altcoins like BCH stalled in their price momentum. As the wider market regains its footing, Bitcoin Cash seems to be benefiting as well from bullish whale activities.
Upcoming NFT Partnership
The recent price boost may also relate to news shared by @BobEthToken about an upcoming NFT collaboration between Bob Token and Bitcoin Cash. According to the tweet, BCH will aid with designing Bob-themed NFTs usable within the Bitcoin Cash ecosystem.
Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton!
Show more +This NFT partnership signals further utility being built on Bitcoin Cash, which can enhance its real-world use cases. The prospect of more engaging community interactions and partnerships related to assets like NFTs appears to be driving investor enthusiasm.
As whale interest returns and the project partners to expand utility, Bitcoin Cash is recovering lost ground this week. Continued development and collaboration may see BCH cement a higher price floor going forward if wider recovery continues.
You may also be interested in:
- Ripple Is Not Dead: Why You Should Continue Holding XRP Despite Its Free Fall Against Bitcoin
- Leading Crypto Expert Revises Solana and COTI Price Analyses and Predictions
- Next-Gen vs. Established Crypto: How DeeStream (DST), Cosmos (ATOM) and Bitcoin Cash (BCH) Look to Deliver
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
