Bitcoin Cash Price Reaches Two-Month High with 101% Volume Increase
Bitcoin Cash (BCH) recently surged, reaching a two-month high above $499, driven by increasing institutional demand. As of now, BCH trades at $491.03, following a 6.21% increase in the past 24 hours and an 18.04% rise over the last week. Key points include:
- BCH's market capitalization is $9.76 billion.
- Trading volume increased by 101.45% to $778.97 million.
- Open Interest in futures trading rose by 24.2%, with 1.16 million BCH committed.
- Analysts note BCH's potential for further price increases, targeting levels between $505 and $520.
Bitcoin Cash Daily Price Chart | Source: CoinMarketCap
Meanwhile, Solaxy, a Solana Layer-2 project, has gained attention due to significant whale activity and development efforts. Current presale stats are:
- Current price: $0.001766
- Amount raised: $55.4 million
- Ticker: SOLX
- Chain: Solana
Solaxy aims for its official launch on June 23, allowing users to purchase tokens with ETH, USDT, BNB, or SOL.