Bitcoin Cash (BCH) and Optimism (OP) See Significant Upticks, Algotech (ALGT) Emerges as a Top Pick for New Entrants
Bitcoin Cash (BCH) gets delisted from an exchange. Optimism (OP) gets support for its new upgrade. Meanwhile, Algotech (ALGT) is attracting investors.
How has the delisting affected the Bitcoin Cash price? What does this new upgrade mean for Optimism crypto? Finally, why do investors consider Algotech (ALGT) as one of the best coins to invest in 2024.
On November 3, 2023, EDX Markets confirmed that it had delisted Bitcoin Cash (BCH) from its crypto exchange. This announcement confirmed the rumors that had been spread on social media. However, EDX Markets did not provide a reason for delisting Bitcoin Cash (BCH). Users were instead told to sign up for the newsletter to get information about listings and supported cryptocurrencies.
After EDX’s announcement, the Bitcoin Cash price gained 15.1%, increasing from $235.52 to $271.02.
According to analysts, Bitcoin Cash’s price increase is driven by the general market rally caused by the excitement surrounding the spot Bitcoin ETF approval. Experts predict this surge might continue because of the effect of the Bitcoin halving on the market. They say the Bitcoin Cash price can reach $526.69 in 2024.
On January 10, 2024, Binance confirmed it would support Optimism crypto’s new hard fork and upgrade. The latest upgrade is called “Bedrock” and will expand Optimism’s (OP) capabilities. The hard fork will enable new functionalities and optimizations that will help Optimism (OP) maintain its competitiveness in the rapidly evolving blockchain ecosystem.
To support Optimism (OP), Binance will suspend token recharge and withdrawal services for the network from 00:00 GMT+8 on January 12. Since the announcement, Optimism crypto has increased from $3.63 to $3.77, gaining 3.9%.
Analysts say the
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