Home Bitcoin Cash Bitcoin Cash Price Prediction

Bitcoin Cash Price Prediction

Since its inception, Bitcoin Cash has risen to the 5th position in the market cap. With a $4.1 billion market cap, it trails just Bitcoin, Ethereum, XRP, and Tether.

Bitcoin Cash Price Prediction iBase Trading.
iBase Trading Crypto News

Since its inception, Bitcoin Cash rose to the 5th position in the market cap. With a $4.1 billion market cap, it trails just Bitcoin, Ethereum, XRP, and Tether.

BCH has proven its substantial financial potential for traders and investors in less than three years on the cryptocurrency market. Plus? We expect Bitcoin Cash to grow in the following years.

Advertisement

Bitcoin Cash (BCH) is a fork of Bitcoin (BTC) that occurred on August 1, 2017. While BCH shares many similarities with its parent currency, it differs.

Like Bitcoin, Bitcoin Cash is peer-to-peer crypto, meaning it may give directly to anybody, anywhere in the world. There are two significant distinctions between Bitcoin and Bitcoin Cash. First, each crypto has it’s own larger Its higher block size allows for speedier transactions and reduced transaction costs than Bitcoin.

By contrast, many people identify Bitcoin Currency with digital cash, while Bitcoin usually links with ‘digital gold.’

Around May 2017, Bitcoin payments took over three days to process unless a large charge pays. Because the transaction fees were too expensive for small transactions, it requires a hard fork to split the currency in two.

To answer why the currencies divide, Bitcoin Cash arose to make Bitcoin a more practical cryptocurrency for everyday use.

Bitcoin Cash surge recently. As of this writing, Bitcoin Cash’s chart displays a price range of $200 to $280. A significant directional move is guaranteed when buyers force a breakout above the spectrum.

Bitcoin Cash focuses on overcoming sellers gathered around the $250 mark after successfully overcoming $240 resistance in price trends.

However, a temporary high of $245 has temporarily halted the currency’s positive momentum. However, the coin also trades above the 50-day SMA, indicating that buyers are not done with the gain. To break through the second resistance zone ($250) and the 200-day SMA ($270), the upward momentum must first breach the dual resistance zone ($250).

In February 2020, Bitcoin Cash was trading near $500, and it still can rise to that level.

When Bitcoin Cash initially appeared on the market in August 2017, it cost $200, but in less than a month, it rose to $550 thanks to global crypto traders’ enthusiasm.

The coin’s official software release and listing on major crypto exchanges worldwide boosted the price to $1000. Soon after, Bitcoin Cash reached an all-time high of $4355.

According to a well-known crypto-related platform, Bitcoin Cash will reach $256 by 2020 and get $490 by the end of 2022. Another crypto price prediction tool, DigitalCoinPrice, predicts Bitcoin Cash will top out at $550 in 2020 and rise to roughly $1100 by 2025. WalletInvestor predicts Bitcoin Cash will hit $800 between May and October 2020, before rocketing to $1200 in December. WalletInvestor expects that Bitcoin Cash will trade in the same ranges in 2021, 2022, 2023, and 2024, reaching $1000 at the end and beginning of each year.

LongForecast predicts that Bitcoin Cash will fall back to the $152 – $185 area in June 2020 and then to $66 – $84 by the end of the year.

The prediction says that the price will continue to fall until the end of 2022, when it would rise to $259 – 299 by November 2023.

Another platform, Smartereum, believes the coin might reach $6700 by the end of 2021. Similarly, the same platform predicts a five-year price of Bitcoin Cash of roughly $10,000.

Investing in Bitcoin Cash offers benefits and risks, so do your research before buying or selling.

“The views and opinions on this Crypto News Website are solely those of the authors and contributors. These views and opinions do not necessarily represent those of iBaseTrading or its partners.”

Advertisement
Previous articleBitcoin Cash Price Prediction
Next articleTheta: A Project for New Use of Videos
Sophia Vasquez is a journalist and writer for iBaseTrading. She has over 10 years of experience writing about Business news and has been covering the blockchain and cryptocurrency space since 2011.