Even though the Bitcoin price struggles to find stable ground right now, most altcoins are doing just fine. In an ideal world, no alternative currency would be linked to Bitcoin, but that won’t happen anytime soon. For now, the Bitcoin Cash price has gained quite a lot of momentum in the past week. With its value peaking above $2,300 once again, the road to a new all-time high is still wide open.

Solid Bitcoin Cash Price Gains All Week Long

The difference between Bitcoin and Bitcoin Cash have become a lot more apparent this past week. While Bitcoin is annoyingly slow and frustratingly expensive, Bitcoin Cash still provides decent transaction times and low fees. Whether or not this altcoin can keep doing so once more people use it on a daily basis, remains to be seen. For now, this clear utilitarian advantage over Bitcoin has allowed the Bitcoin Cash price to appreciate over the past seven days.

More specifically, we have seen the Bitcoin Cash price move from $1,500 all the way to $2,000 late last week. Although this was solid momentum, it took a little while before the next leg up could begin. Despite some pushback, it was inevitable the Bitcoin Cash price would eventually surpass $2,250. That is exactly what has happened overnight. A very positive trend for this particular altcoin, as it seems well underway to break its previous all-time high of $2,800.

With the Bitcoin Cash price peaking around $2,500 and then retracing slightly, it will be interesting to see what the future holds. A current Bitcoin Cash price of $2,365 is more than respectable, as it goes to show people are effectively taking a liking to the idea of an alternate Bitcoin blockchain. As long as Bitcoin it remains clunky and expensive, we may see more people switch over to BCH in the near future. For now, all bets are off in the cryptocurrency world, which will undoubtedly herald some big changes over time.

Thanks to over $3.52bn in 24-hour trading volume, it is safe to say the demand for Bitcoin Cash will not dry up anytime soon. It has been an interesting year for this particular altcoin in every regard, yet it seems to thrive a lot better than most people had originally anticipated. Ever since moving away from the EDA, people have shown nothing but respect for BCH [bar some name calling and mud slinging like any other day].

No one will be shocked to hear Bithumb is the main driving force for this Bitcoin Cash price surge. With over $672.7m in trading volume, the South Korean platform is well ahead of Bitfinex. It is uncanny how HiBTC is in third place, even though all of their prices have been excluded on Coinmarketcap since a few hours. It will be interesting to see if that has any impact on altcoins moving forward, but for now, it seems as if that won’t matter all that much. Korbit and Coinone are still in the top 10, but they struggle to come even close to Bithumb’s volume right now.

For the time being, things look rather promising in the world of cryptocurrency. A lot of things are changing, and the major Bitcoin price rush seems to be over for 2017. These remaining two weeks of the year will be a good time for altcoins to shine and reclaim their thunder in the process. Whether or not any of them actually can achieve that goal, remains to be seen, as every altcoin is very reliant on the Bitcoin momentum first and foremost.