The Bitcoin Cash network was forked from the original Bitcoin blockchain in July 2017 and aimed to serve as a payment network. Despite early optimism, the blockchain’s traffic is dwarfed by Bitcoin’s transaction numbers. Some $92 million in BCH has been transferred in the last 24 hours, compared to $11 billion in BTC, blockchain data by BitInfoCharts show. BCH is still 95% down from its $4,355 all-time high price reached in December 2017, according to CoinMarketCap.
Source: https://www.coindesk.com/markets/2023/06/26/bitcoin-cash-price-jumps-to-one-year-high-fueled-by-spiking-social-interest-exchange-support/?utm_medium=referral&utm_source=rss&utm_campaign=headlines