Bitcoin Cash has a chance to go higher in the near term, perhaps to $580 or even $600 because of the upcoming IPO of Bitmain. Bitmain is heavily investing into Bitcoin Cash and that may be one cause of its recent financial troubles. Bitmain owns a lot of Bitcoin cash but also owns a lot of other coins. They may sell those other coins to support Bitcoin cash in the future and their upcoming IPO is expected to generate a lot of funds which could be used to buy more Bitcoin Cash. Just the speculation of this happening may drive Bitcoin Cash prices higher so be on the lookout.
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