Hey there, my people! Have you seen what's happening with Bitcoin Cash (BCH)? The thing is, while everyone was focused on BTC breaking its all-time high, BCH has shot up in a way you can't imagine, up 80% since early April. 🤯 In the same period, the king of cryptos, BTC, 'only' rose by 53%. It's like the dad stayed calm and the son went out to join the party.
The fact here is that BCH is showing medium-term momentum that has many thinking. And although the chart shows that a correction is coming—the MACD and RSI are dropping from being overbought—the play is to see what happens next. The million-dollar question is: why isn't there more volume in BCH trading? Well, because the big investors, the ones pulling the strings in the market, aren't paying much attention. When it comes down to it, BCH doesn't even show up in CoinShares reports, and that's because there's no ETF in sight for this token, unlike BTC or ETH. 💰
But here's the interesting part: if the SEC decides to approve a crypto fund that includes BCH, the landscape could change completely. This could generate massive demand and catapult the price of BCH to another level. The rumor is that it could hit $500 in the coming weeks and even $600 by early fall.
Aside from that, we can't ignore that there are other 'neighboring' projects to BTC that are also making noise. The most talked about is Bitcoin Hyper (HYPER), an L2 on Solana that has already raised nearly $3 million in its presale. The move with this project is that it allows you to use your BTC in the Solana DeFi ecosystem, without the ridiculous fees of Bitcoin. Imagine! Putting your BTC to work in a way you had never considered before. 💡
In short, things are heating up. We need to keep our eyes wide open because, while the spotlight is on the usual suspects, other players are preparing to make a big impact. Do you think institutional funds will give BCH a chance? Or will new L2s like HYPER steal the show? The streets are burning. 💥$BTC $BCH $HYPER
