When virtually all cryptocurrency markets are moving up simultaneously, it is a matter of time until some altcoins get ahead of the pack. Today, it seems as if Bitcoin Cash is effectively noting the strongest gains in the top 10, which comes as a big surprise to a lot of people. With this 17% increase in value, the Bitcoin Cash price has surpassed $150 and $155 in rather quick succession. Sustaining this violent growth will pose its own set of challenges.
While it is good to see so many markets in the green on a Saturday morning, one has to wonder if this is just a temporary turn of events. If the previous weekends have taught the community anything, it is to never look a gift horse in the mouth and cash out profits before it is too late. So far, it seems they are not following the second part of that advice just yet, at least where Bitcoin Cash is concerned. That particular altcoin is shooting up like a rocket right now, primarily because of its high trading volume.