What are some of the reasons Bitcoin Cash transactions are rising:
I'm just trying to get a general idea of why Bitcoin Cash transaction volume is rising. Here is a list that is not all encompassing. I'd like to hear from the community on what YOU think are some of the reasons why BCH transaction volume is rising? Can you add other reasons besides what is listed below? Thanks!
- Overall crypto bull run undoubtedly has capital that flows into BCH from other coins
- Increased awareness due to bull run and price volatility bringing in new people
- Regular usage plus new users creating more transactions and usage
- Increased awareness due to WallStreetBets movement and correlation to crypto and finance
- PayPal starts accepting crypto late 2020 which is creating adoption and transactions
- Kim Dotcom announces acceptance of BCH for his digital content system
- Increased social media usage on sites like Noise.cash, Read.Cash, Member.cash, and Memo.cash
- Jihan Wu launched his new Bit.com crypto exchange which features BCH
- Bitcoin.com new shareable link contributes to more transactions
- Detoken / Anyhedge has launched BCH derivatives
- Simple Ledger Protocol (SLP) tokens contribute on some levels, could be more
- ABC left BCH late last year causing a rise in confidence and usage of BCH
- New merchants are being onboarded every week, including in hot spots like Australia, Latin America, and Africa
- Bitcoin Cash low fees compared to ETH and BTC high fees has drawn the attention of some users
- Dogecoin pumping is bringing new awareness and capital to crypto
- Elon Musk announces purchase of $1.5b of Bitcoin, which also has renewed interest in crypto overall
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