But why? It might as well be a stable-coin. The message seems to be a little bit unclear. Add your thoughts below! Bitcoin Cash ABC vs. Play Now! Share Tweet Share Share. Sign Up for Our Newsletter! For updates and exclusive offers enter your email. Sign Up I consent to my submitted data being collected and stored. Could you be next big winner? Emilio Janus. Related Posts. Crypto Corner: The Sports Slice 3 days ago. So, will the price of bitcoin cash go up?
As mentioned above, Bitcoin Cash is one of the bigger and more well-known Bitcoin forks, but it is also not the oldest. Transactions queued up, waiting for confirmation, because blocks could not handle the increase in size for transactions. In order to battle this, Bitcoin Cash proposed increasing the size of blocks to between 8 MB and 32 MB, thereby enabling processing of more transactions per block.
The average number of transactions per block on Bitcoin is between 1, and 1, Roger Ver is the man who has driven this fork and has been pushing the idea that it was the original creator of Bitcoin, Satoshi Nakamoto, to have a digital currency that was functional under pressure. Bitcoin Cash, for most of its history held onto the top ten coins by market cap, but just recently lost it. Bitcoin Cash had a wild ride in terms of its price swings and volatility through its first year, but towards the end of and through until now the price has been less volatile but also mostly in a downward trend.
Because Bitcoin Cash has a lot of potential in a world that is looking more towards a place where digital payments and cryptocurrencies as the next era, the prediction of how the price of the coin will rise is important and worth examining.
The price predictions also vary a lot as there are some that truly believe Bitcoin Cash is the real Bitcoin and should be elevated as such, but then there are also those who think it is a wasted cryptocurrency and not as effective as it is made out to be. That suggests that the peak was the high for the next several years. Perhaps Bitcoin Cash continues to have issues within its community and falls further into obscurity compared to the real Bitcoin.
Technical analysis is the finance industry-standard way of predicting probabilities and outcomes based on technical signals, and patterns steeped in statistical outcomes. Because of this, they can offer some of the most accurate and compelling price forecasts for Bitcoin Cash and other crypto coins. Bitcoin Cash is back retesting the resistance trend line of an ascending triangle pattern. This could lead to a worsened bear market as investors leave the asset.
Forecasting the price of any asset this far ahead of time is entirely an approximate and is difficult to get totally accurate. The future of Bitcoin Cash is an interesting one as the coin was created to be the next version of Bitcoin and looked to address its shortcomings as a currency. However, the way in which Bitcoin has evolved has made it more popular as an asset rather than a currency. In saying that, the desire to have cryptocurrencies act more like functional currencies is growing.
Bitcoin Cash has the name and history of Bitcoin and can be looked as the next version of the coin after it forked. However, the way in which Bitcoin Cash has operated since August has been full of controversy. Many people do not appreciate how the focus has not been made about advancing the coin but rather about denigrating Bitcoin. In saying that, Bitcoin Cash does offer a great opportunity for investors and traders to make money because of its volatile nature and potential to come more into the discussion as the years go on and the need for a more functional Bitcoin.
In order to take advantage of Bitcoin Cash and start investing and trading in cryptocurrency, it is worth looking for a platform that suits. One of the more rounded and easy to use platforms that offers the chance to trade and invest in cryptocurrency is PrimeXBT. This platform has won awards for its simple user interface as well as its bank grade security. Sign up here. Investing in or trading gold or other metals can be risky and lead to a complete loss of capital.
This guide should not be considered investment advice, and investing in gold CFDs is done at your own risk. The information provided does not constitute, in any way, a solicitation or inducement to buy or sell cryptocurrencies, derivatives, foreign exchange products, CFDs, securities, and similar products. Comments and analysis reflect the views of different external and internal analysts at any given time and are subject to change at any time.
As shown above, at the beginning of this month, BCH turned from its bear to bull trend. This is the result of the high trade volume that happened in that period. However, at any given time this may proceed to a price reversal. Therefore, crypto traders must trade wisely and must not be affected by the market hype. More so, these are followed by fluctuations and corrections right away.
Taking this into consideration, BCH has a competitive market this If not, bears may gain the upper hand and drag Bitcoin Cash to their territory. Then this rise will decrease, but no major falls are expected. Moreover, this is possible only if the market maintains its bullish trend.
In addition, only if the cryptocurrency BCH breaks past the psychological resistance level. As per the latest upgrades, developments, BCH price prediction, and new project forecasts of the platform the price surges. However, reaching this level could not be so difficult for BCH as additional medium, short-term, and long-term price targets could be found to purchase or sell orders.
BCH has a great future ahead of it in With ongoing developments happening within the BCH ecosystem, as well as in the overall crypto market, we may see BCH reach new heights. Meanwhile, our long-term BCH price prediction for is bullish. However, that will only happen if it breaks past a number of psychological resistances. Also, if investors have decided that BCH is a good investment in along with mainstream cryptocurrencies like Bitcoin and Ethereum.
BCH has regained its position as one of the top 15 cryptocurrencies in terms of market capitalization. Like other digital assets in the crypto world, BCH can be traded on many exchanges. All the interested traders can simply go to crypto exchanges such as Binance or Huobi Global. BCH is a good investment in Bitcoin Cash is one of the silent cryptocurrencies that enter along with the bullish market.
If this trend continues, crypto might have the chance to experience a bright future ahead. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies. Crypto trading has enticed Ananthi Reeta to write for CoinQuora. She consistently contributes news and feature articles.
She has covered several different blockchain and crypto niches, especially altcoins. Join over million readers and get the latest posts delivered straight to your inbox. CoinQuora is an independent media organization that exists to inform and educate our readers regarding the latest news and updates in the crypto and blockchain industry. Is BCH a good investment? Follow us on Twitter , Telegram or Google News. Ananthi Reeta. About Us CoinQuora is an independent media organization that exists to inform and educate our readers regarding the latest news and updates in the crypto and blockchain industry.
Adoption of bitcoin cash has been increasing, with digital payments company PayPal PYPL announcing on 23 August the rollout of a new service in the UK that allows customers to buy, hold and sell bitcoin cash along with bitcoin, ether and litecoin via the PayPal website or the mobile app.
It had announced plans to form the new trusts in April. What do forecasting sites predict for the direction of the bitcoin cash future price? Is there potential for the coin to return to its previous highs? There were 12 technical analysis indicators giving bullish signals, compared with 18 bearish signals. As such, analysts and online forecasting sites can get their predictions wrong.
We recommend that you always do your own research, and consider the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decisions. And never invest more than you can afford to lose. Cryptocurrencies are highly volatile assets, making them riskier than other potential investments.
Whether BCH is a good investment for your portfolio depends on your risk tolerance and personal financial position, as well as your investing goals. Evaluate the level of risk you are prepared to accept before investing. Forecasts predict that the bitcoin cash price will rise. Whether the price moves up will depend on interest from cryptocurrency investors and the direction of prices across the broader markets.
There are pros and cons to investing in both bitcoin and bitcoin cash. You should do your own research to decide which coin, if either, is a better fit for your investing style. Long-term predictions suggest that BCH could make large gains over the next few years. Our Global Offices.
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