Different sources provided us with different Bitcoin Cash Price Prediction. Well, Bitcoin Cash BCH was created after a fork of BTC in the middle of 2017. At the same year, its price raises up to $4091 USD. Unfortunately, the fact that BCH is a fork of BTC makes it highly volatile. That’s why we have seen so much drop in the price of Bitcoin Cash in the 1st half of 2018.
Bitcoin Cash promising enough to invest in it? Let’s read Bitcoin Cash Price Prediction to find this out.
The bright side of this cryptocurrency is also present, as many of the investors are to figure out its future as well as they are hopeful for its growth in short-term as well as in long-term.
Bitcoin Cash may not cross the Bitcoin but still have a very bright chance to be secondary to Bitcoin in the future. This prosper fact attract the investors and marketer as well.
|Coin name||Bitcoin Cash|
|Launch date||August 1, 2017|
|Highest Price||4091 USD|
Bitcoin Cash past Price Prediction Analysis
Bitcoin Cash regularly features in the top 10 cryptocurrencies by market cap. At the time of writing it’s at no. 4 with $14,006,118,377 USD market cap. You just need to keep in mind that Bitcoin cash also mimic the trend of its parent coin Bitcoin.
In a day after its launch the Bitcoin Cash jumped the double in its price from $ 250 to $ 555 and after few days it was touching $ 900. Bitcoin Cash BCH experience an exponential boost in growth in 6 months after its launch. This boost provided investors with an ROI of more than 1000% in that period.
At the beginning of 2018, investor release that “scalability” problem is not the justification of birth fork coin. So that Bitcoin cash started falling. Although it touches $ 4000+ marks in December 2017.
Its price dropped to around $ 850 but for the most part of 2017 Bitcoin Cash was a heavenly investment for the investor. Bitcoin cash still revolving around $ 850 to $ 900.
The market has started showing positive signs after crossing the first half of 2018. People are very optimistic about Bitcoin Cash Future as well. Let’s see what happens in the future.
The highlights of Bitcoin Cash Investment History
In August 2017 mining profitability of BCH increased, which attracts the number of cryptocurrency miners.
In November 2017 another attempt was made to fork Bitcoin but failed. This gives confidence to the investors that Bitcoin Cash is one of the worthiest Bitcoin alternatives.
On 19 of December 2017, Coinbase (Crypto Wallet and Exchanger) added Bitcoin Cash which Boosted its trading volume.
Bitcoin Cash Today’s Price
Bitcoin Cash Price Prediction 2019
Frankly, it is very hard for anyone to accurately forecast or predict Bitcoin Cash Price. Nevertheless, here are some top and excited Bitcoin Cash predictions below may or may not come true.
Based on the technical analysis Walletinvestor.com claims that the Bitcoin cash coin can raise to $1,663.42 doubling in its value within a year.
Tradingbeasts.com is highly optimistic about Bitcoin cash and predict the growth to $1,930–$2,838 in December 2018.
Another very famous site popular smartereum.com predicts 500 % growth of BCH in less than a year.
Moreover, BCH developers have been working with representatives from a variety of different projects, e.g. Bitcrust, Bitprim, Bitcoin XT, Bitcoin Unlimited, ElectrumX, Nchain, and Parity. Which is also a positive sign.
Bitcoin Cash Price Prediction for Long Term
Bitcoin cash somehow able to trade on Bitcoin past success and credibility. BCH performance is most likely be affected by BTC because of the number of similarities in the coins. Now looking at the future Bitcoin Cash working on the scalability and cheaper transaction rates.
Contrarily, BCH is the direct competitor of Bitcoin and it will be quite impossible for Bitcoin cash to compete No.1 cryptocurrency of the world. Still, it has the space to grow.
Brian Kelly said that this is one of the most promising coins that every smart trader should buy.
Experts Price Prediction of Bitcoin Cash
Roger Ver (Bitcoin Jesus), predicts that Bitcoin Cash will be 2 times more valuable in a years’ time. He seems to have a positive Bitcoin Cash price prediction and expecting good growth over the coming months.
Possible hurdles in Bitcoin Cash Price Growth
No doubt BCH is a fork coin of Bitcoin and providing efficient scalability options with less transaction fee. There are few coins that are among top 10 cryptocurrencies by the market cap like Litecoin, Ethereum, Cardano, and EOS etc.
These coins may be considered as the big hurdle in the price growth of this altcoin. Litecoin is 4 times faster than Bitcoin. Monero, Dash, etc. offer the privacy of transactions. These altcoins are looking to take over BCH. No doubt in near future they may overtake BCH.
Final Verdict – Should I Buy Bitcoin Cash?
If you’re thinking of buying BCH, it’s essential to first consider all the factors that could potentially have an impact on its price. As we see most of the experts and traders are optimistic about this coin. They have the right too as they see a lot of benefits, including fast transactions, low fees, and a bright future. Bitcoin cash might be a good option for you to invest in for the longer term.