Bitcoin Cash (BCH) is rising quickly, gaining more than 11% while much of the cryptocurrency market is low today.
Bitcoin (BTC) is down 1.00% today, and many other crypto tokens are falling as well as Bitcoin pulls them into its minor decline. That includes Ethereum (ETH), which is down 1.62%, BNB (BNB), down 2.96%, and Cardano (ADA), down 3%.
Yet somehow, Bitcoin Cash is managing to grow substantially from the previous day. Since March 20th, BCH has been on a bullish trend and is only seeing a sharper increase for Monday as the week begins.
Bitcoin Cash is at its highest level in three years, sparking speculation that it may hit record highs in the near future and even surpass $1,000 in 2024. That would be substantial growth that may be a little farfetched to call at this point, but with the Bitcoin Cash halving even happening in a few days (April 4th), there is a lot of hype surrounding the coin.
Other Crypto Coins Surging
Bitcoin Cash is not the only crypto token that is doing very well despite an overall bearish market. The coin dogwifhat (WIF) is down at the moment, falling 8.86%, but that has not made much of a dent in its recent gains. The rapidly rising memecoin gained 60% over the last week, and it could easily turn around and keep on moving upward later on in the day. WIF is currently the 29th ranked cryptocurrency token.
Another crypto coin worth watching is Aptos (APT), which gained 6.42% over the last 24 hours. It climbed a bit more than that over the last week, gaining 9% in that time. The coin is set to keep its hold on the charts at the #22 spot and is proving its resiliency while Bitcoin is struggling.
These are some of the most notable coins that could weather the current downturn well and come out the other side even better positioned against some of the major crypto coins.
Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.