Bitcoin (available on Coinbase) Cash Price: Bitcoin (available on Coinbase) Cash (BCH), which was spun out from Bitcoin (available on Coinbase) (BTC) last year is continuing to receive sTron (available on Binance)g support from traders since it announced an improvement in its blockchain technology. The coin generated an impressive 100% gain during the latest bull-run, pushing its price to the highest level in three months at the beginning of this week.

Bullish analysts bet on Bitcoin (available on Coinbase) Cash price has also contributed significantly to the price upsurge.

Brian Kelly, the cryptocurrency fund manager, showed his confidence on aLTCoins, particularly on Bitcoin (available on Coinbase) Cash.  He said, “Bitcoin (available on Coinbase) cash has been left for dead… but it’s not dead yet,” Kelly told CNBC on Fast Money on Tuesday,

The upcoming hard fork event on May 15, which will enhance its block size from 8MB to 32MB, has been adding to traders sentiments. The upgrade in its blockchain infrastructure will improve transaction processing times and size.

But Thomas Lee Favors Bitcoin (available on Coinbase) over Bitcoin (available on Coinbase) Cash

Thomas Lee, co-founder of Fundstrat Global, who previously predicted the end of the bearish market for aLTCoins – now believe Bitcoin (available on Coinbase) is in a better position to offer safe returns than Bitcoin (available on Coinbase) Cash.

He said, “I prefer not to pick winners and losers when we’re looking at cryptocurrencies like Bitcoin (available on Coinbase)/Bitcoin (available on Coinbase) Cash. I think both have merits. But if I were putting new money to work today, so a fresh dollar, I would be a lot more interested in buying a laggard that could attract inflows rather than somETHing that’s already potentially overbought.”

Although Lee didn’t raise any questions on the future fundamentals of Bitcoin (available on Coinbase) cash, he believes investing in overvalued and overbought coins isn’t a good idea to generate potential returns.

Bitcoin (available on Coinbase) Cash price dipped at a double-digit rate after Lee’s comments. The price of Bitcoin (available on Coinbase) Cash currently trades around $1,344, just shy from its three months high of $1,565 it hit two days ago.

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