Well it certainly has got the support. No. in the market cap already, and the value is great, especially if you think it is an altcoin.
So we can all agree that bitcoin cash is doing alright as an altcoin?
What else could it be, other than an altcoin? Air dropping into 4th place market cap is a remarkable feat, but give it a week and then declare how it is doing.
How many blocks does it have in its chain?