In our previous prediction article, we labeled Bitcoin Cash (BCH) as probably the most underperforming top altcoin, which, nonetheless, manages to maintain the 5th position in the global ranking, thanks to the respectable market capitalization of $4,8 billion and the average daily trading volume of $2.8 billion - a two-fold increase from the September showings.
YTD Bitcoin Cash chart
As of the time of writing, BCH’s value stands at $261.76 after the bullish day that brought it 3.6% to the upside. Bitcoin Cash spent the month on a positive note, having gained $13.44% against USD, went 6% to the upside in the BTC pair, and even outperformed ETH by 11%. Not bad for a coin whose progress has been stopped in its tracks during the selloffs in March and September. But now, after the disappointing V-shaped reversal from this year’s high at $325, and the subsequent revisit to $200, Bitcoin Cash is engaged in arguably the strongest bull rally since the one that occurred in July.