The recent surge in Bitcoin Cash over the last 10 days is tied to its addition to the new cryptocurrency exchange, EDX Markets. As a result of this event, Bitcoin Cash's price increased by 17% and more than doubled its previous gains over the last week.
EDX Markets, which started trading just a week ago, is backed by financial powerhouses such as Fidelity Digital Assets, Charles Schwab, and Citadel Securities. This has fostered a great deal of trust from traders and developers, likely serving as a catalyst for Bitcoin Cash's growth.
This rise was accompanied by intense social media engagement and increased trading volume, making Bitcoin Cash one of the most talked-about tokens last week. However, some analysts believe that Bitcoin Cash has reached its peak for this year and further growth is highly unlikely.
