Successful ICO of ViaBTC Proves Bullish for Bitcoin Cash (BCH)

Bitcoin cash price analysis

The successful ICO of ViaBTC shows that it is possible for startups to raise funds on the blockchain of Bitcoin Cash (BCH). This has also proven to be very bullish for Bitcoin Cash (BCH) investors. In addition to this is the solid plan of Roger Ver to set up a high liquid digital currency trading platform with Bitcoin Cash BCH as the base currency.

Bitcoin Cash (BCH) has seen a couple of developments and positive news over the past weeks. This helped to push the value of the digital currency higher. The digital currency even broke over a major resistance level recently.

However, the recent bearish trend across the crypto market has brought down the value of the coin significantly. Bitcoin Cash (BCH) is now trading in the red after losing more than ten percent of its value over the past twenty-four hours.

Roger Ver Wants to Open a New Digital Currency Trading Platform

Roger Ver is one of the biggest bulls of Bitcoin Cash (BCH) and Bitcoin (BTC). He is often referred to as “Bitcoin Jesus” in the crypto space. Roger Ver is considering setting up a new digital currency trading platform. However, he is presently looking for a partner.

According to Roger Ver, when the platform goes online, the base currency on the platform would be Bitcoin Cash (BCH). He said the trading platform would attract thousands of users on a daily basis. Due to this vast popularity, the trading platform will offer instant liquidity.

Apart from the future plans of Roger Ver for Bitcoin Cash (BCH), CoinEx is the only digital currency trading platform that featured BCH as its base.

ViaBTC Completes Its First ICO Offerings

ViaBTC recently completed its first Initial Coin Offering sales. The platform raised a total of $30 million in a space of two hours thirty minutes. The sale of the token was carried out through the WORM protocol in the blockchain of Bitcoin Cash (BCH). The token of ViaBTC – VIAT – is a means of value transfer and it is also a value-added service that serves as GAS. The total number of VIAT tokens to be released is two billion. The project also plans to reward traders of VIAT at CoinEx with airdrops.

Bitcoin (BTC) Price Today – BTC / USD

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At the time of writing, Bitcoin Cash (BCH) is down by more than 11 percent over the past twenty-four hours. Bitcoin Cash (BCH) is currently worth $452. The current market cap of the digital currency is $7.86 billion and its trading volume over the past twenty-four hours is $494.66 million.

Bitcoin Cash (BCH) Price Analysis

Yesterday, the value of Bitcoin Cash was unable to break over the $530 hurdle point and plunged against Bitcoin (BTC) and the U.S dollar. The digital currency plunged lower and broke below the $500 support level. This paved the way for more losses towards the $460 support level.

Bitcoin Cash declined further and broke the $450 mark and formed a low close to the $440 mark. The digital currency is currently in a bearish zone with its immediate support at the $440 level. On the upside, the major resistance of the digital currency is at the $475 mark. A break over this level is needed for more gains towards the $500 level.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.


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