I believe that this is a final pump before we touch $2,000 levels. Bitmain is buying a bunch of BCH in order to successfully file for IPO, due to their existing poor earnings report. Some kind of manipulation is occurring right now, and I believe it will not sustain.
Check out this article I wrote hereBTC BTC BTC1.I though that BCH no longer exists,it's replaced by the two forked coins (BSV and the other one,I forgot it's name).
2.Buying "BCH" or any other altcoin has nothing to do with launching an IPO.Why do you think there's a connection between buying altcons and IRO.Buying a bunch of altcoins won't improve the poor earnings report of Bitmain.
1. It exists. During the brief "hash war" it was referred to as BCHABC; after they won they retained the BCH title and BCHSV became "BSV."
2. It has everything to do with Bitmain, as they already own a lot of BCH, a high BCH price at the end of the year will look good on their balance sheets, perhaps serving to offset some of the tremendous losses they incurred by mining at a loss all year.