Analysis: BCH skyrocketing may be due to the May upgrade, the market for the correction of the previous hard fork over-reaction, etc.

BCH just broke through 290USDT in short-term. After inquiry, its trading activity has increased. According to value calculation, BCH processed transactions exceeded ETH. The analysis believes that the first BCH surge may be a correction to the excessive reaction of the previous BCH hard fork market. Another reason may be that BCH will be upgraded in May to implement Schnorr signature. The third reason may be that as the block demand increases, some congestion occurs in the BTC, so individuals may use BCH as an alternative. However, overall, this may be just a correction to its overreaction.