Crypto Coins, the world’s first cryptocurrency that enables users to transfer money between each other without having to spend a penny, will soon launch a new cryptocurrency called Bitcoin Cash.
The news comes a day after the world got its first taste of Bitcoin Cash when the digital currency’s price hit a record high in late August.
Now, it looks like the cryptocurrency may be getting a bit more popular than it did.
According to CoinDesk, Bitcoin Cash’s price has surged to around $2,400 at the time of writing, which puts it well ahead of the average cryptocurrency’s price.
That’s not to say Bitcoin Cash will be a good alternative to traditional fiat currencies, however.
The most popular cryptocurrency, Bitcoin, has seen a surge in popularity as well, reaching its highest price of $5,500 earlier this month.
Bitcoin Cash, meanwhile, is now in the $1,000-plus range, with its current price hovering around $800.
Bitcoin’s price surge has been driven in part by investors and traders buying Bitcoin Cash, while many others are waiting for its price to rise to a higher level.
Bitcoin Cash has seen the largest surge in value in the past year, and has recently seen a number of big name investors, including Chinese cryptocurrency exchange BTCC, invest in the cryptocurrency.