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Following the Binance [cryptocurrency exchange] announcement of supporting the near upcoming Bitcoin Cash [BCH] hard fork [HF], the blockchain’s token value against the US Dollar has seen no stop of increase. Hard fork taking place on Nov 15.
Fellow Binancians,
Binance would like to confirm support for the upcoming Bitcoin Cash hard fork. We will take a snapshot of all Bitcoin Cash balances at UNIX time 1542300000, 2018/11/15 4:40:00 PM (UTC).
Latest News Binance Support Post!
The pair BCH/USD is experiencing a 20.60 percent increase only in the last 24-hours reaching the level of $573.79 has not been touched since the 10th of September. In the weekly chart, the native’s token value has cleared the range bound around the $440.00 level which opened gates for more traders to see the change and step in.
Source: coinmarketcap
Accordingly, the monthly trend line that has been tanking the pair from moving upwards on previous heights, with yesterday’s performance was broken and a road to recovery is visible for investors and traders.
Price correction without a doubt will be standing ahead waiting as short term sellers will take the opportunity to grab profit for their own keeping in mind that a change of near 35.00% in only two days at a level of $500.00 is very recognizable. Reminder – this event could be one of the only when a coin sees a surge of this scale before a HF.
Github 2018-Nov BCH upgrade post:
When the median time past [1] of the most recent 11 blocks (MTP-11) is greater than or equal to UNIX timestamp 1542300000, Bitcoin Cash will execute an upgrade of the network consensus rules according to this specification. Starting from the next block these consensus rules changes will take effect:
- Remove topological transaction order constraint, and enforce canonical transaction order
- Enable OP_CHECKDATASIG and OP_CHECKDATASIGVERIFY opcodes
- Enforce minimum transaction size
- Enforce “push only” rule for scriptSig
- Enforce “clean stack” rule
Read Also:
Ledger to Suspend Bitcoin Cash (BCH) Support on the 15th of November
Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.
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