After a weekend price fall, Bitcoin Cash sees signs of life

Bitcoin cash (BCH)—the fourth-largest cryptocurrency by market cap—shot up by nearly five percent over the last 24 hours and was trading at around $345 this morning.

That price is down somewhat from BCH’s six-month high, on January 17, which was $370 per coin—the highest it had been since last July.

The currency is still traveling through the $300 range, but its momentum appeared to be slowing.

Perhaps support from Kim Dotcom can change that. In a recent interview, the German-Finnish political activist and internet entrepreneur explained that the crypto industry is suffering from “infighting,” and that he supports Roger Ver—a proponent of bitcoin cash—as a leader in crypto innovation.

In addition, the asset is garnering newfound attention in South Korea. FXStreet reported that Ver’s Bitcoin.com is joining hands with Mecon Cash, a distributor of cryptocurrency ATMs in South Korea. There are roughly 13,000 in South Korea, and all are set to offer support for BCH withdrawals.

“Through our partnership with Bitcoin.com, we will grow the presence of bitcoin cash throughout the Korean market starting with ATM withdrawal services,” Jo Joe Do—the chairman of Mecon—said in a statement. “We have huge applications coming up where the close collaboration between Mecon Cash and Bitcoin.com will see positive synergies in the upcoming future.”

For the most part, today marks a “green” turn for many of the industry’s top 20 cryptocurrencies, with assets like bitcoin SV (BSV) up nearly 16 percent and Dash (DASH) trading at 11 percent higher according to Messari.