Bitcoin Cash Price Analysis: Bitmain IPO speculation runs out of steam
The BCH token enjoyed a strong end to September on news that key investor Bitmain had filed for an IPO, but its price has since fallen away. Like many other tokens, BCH’s short-term price fluctuations appear tied to speculative news, but the network’s long-term health will be dependent on its ability to increase its user base and organic onchain activity
Word on the Street: BCH price bump coincides with Bitmain IPO filing
The spread between the price of bitcoin and bitcoin cash closes below historical average over the past few months as Bitmain IPO prospectus is disclosed on Wednesday and bitcoin cross-border payment platform Veem gets investment injection from Goldman Sachs.
The Bitmain IPO: A risky bet on mining and Bitcoin Cash?
While a leading bitcoin startup going public should be considered a success for the bitcoin community, the Bitmain IPO is not without controversy.