Bitcoin Cash is up more than 40% in past ten days and there is no apparent reason behind that. Couple days back we predicted that Bitcoin Cash Market cap soon to overtake Ripple and become 3rd most valuable to Crypto-coin and sure the same happened as we predicted.
Bitcoin Cash market cap is well over $9 billon and we see its mostly because strange demand from Korean region. Most action is happening at bithumb.com where Bitcoin cash is traded more than Bitcoin, which kinda indicates this is pump scheme. Traders are trying to inflate value for Bitcoin Cash while everyone is concentrating on Bitcoin and it’s all time high records.
See two chart below, which explains this is nothing but pump and dump scheme in work.