On Saturday, March 2, Bitcoin Cash experienced a remarkable surge, rising more than 40% in just 24 hours, pushing its value to peak at $451.

This significant growth is largely attributed to the market's anticipation of the upcoming halving event, scheduled to occur in 16 days.

Alongside the halving, expectations surrounding the 2024 upgrade are also fueling investor optimism.

This upgrade is anticipated to introduce an adaptive block size feature, further enhancing the network's capability and efficiency.