Bitcoin Cash Price Prediction
Best advise? Study these charts 📖
Today's ForecastsBitcoin Cash(BCH) opened trading today at $286.63. It achieved a Market high of $298.08 and a subsequent Market low of $272.59, Representing a change of $1.80 and price percentage change of 0.63% . Its current Price is $288.43 representing a market share of 1.28% only.
A total volumn of $39,582,628 worth of Bitcoin Cash traded hands today, achieving a Maximum Market Cap of $5,330,026,496 for the day.
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The Bull Case 🐃 for Bitcoin Cash
Many people are looking to invest in digital assets (including Bitcoin Cash) owing to the enormous return which they provide. Even the institutional investors are trying to invest in such assets. This is highly positive for Bitcoin Cash as a platform. As the traction of the platform increases more and more, the price of the cryptocurrency would also go up. This is a huge positive for the platform in the future.
With the thrust on the digitization of assets increasing and the awareness of cryptocurrency assets also on the rise, Bitcoin Cash has a lot of potential ahead. As long as the organisation is able to execute their strategy the price of the token would also keep on increasing. This will attract a lot of investors to this cryptocurrency.
Bitcoin Cash is currently trading around $288.43.
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Price Predictions for Today, This Week and This Month 🚀
Critical Fundamental Analysis of Bitcoin Cash
Bitcoin Cash (BCH) is a hard forked version of the original Bitcoin. It is similar to bitcoin with regards to its protocol; Proof of Work SHA-256 hashing, 21,000,000 supply, same block times and reward system. However two main differences are the the blocksize limits, as of August 2017 Bitcoin has a 1MB blocksize limit whereas BCH proposes 8MB blocks. Also BCH will adjust the difficulty every 6 blocks as opposed to 2016 blocks as with Bitcoin.
Bitcoin Cash is a proposal from the viaBTC mining pool and the Bitmain mining group to carry out a UAHF (User Activated Hard Fork) on August 1st 12:20 pm UTC. They rejected the agreed consensus (aka BIP-91 or SegWit2x) and have decided to fork the original Bitcoin blockchain and create this new version called “Bitcoin Cash”. Bitcoin Cash can be claimed by BTC owners who have their private keys or store their Bitcoins on a service that will split BCH for the customer.Visit website open_in_new
BCH Trading Stats for Today - 2020-08-03 06:05:56 +01:00 BST
|Current Supply||18,479,446 BCH|
|Total Supply||21,000,000 BCH|
|24h Volume (coin)||138,046 BCH|
|24h Volume (currency)||$39,582,628|
|Last updated||2020-08-03 06:05:56 +01:00 BST|
Other Price Forecasts similar to Bitcoin Cash(BCH) :
Common BCH Price Prediction Questions
What is Bitcoin Cash’s potential future value?
BCH's future value is strongly correlated to it's Fundamental Analysis. We made this easier by giving a short concise write-up here on what Bitcoin Cash is and what it does. This is because Bitcoin Cash's price will only rise and make you rich if it’s doing something special e.g. Ethereum which made it possible to create simple smart contracts on the Blockchain, minted the most number of Crypto millionaires. Now ask yourself - Can BCH make you one?
What is going on with Bitcoin Cash's price?
In order not to be too rattled, read our Fundamental analysis above on Bitcoin Cash to know if it’s a good hodl.
How high will Bitcoin Cash go?
No one really knows for sure. We however predict BCH might be 4x by end of 2020. This will depend however, on the larger crypto market 4xing as most coins whether good or not, mirror Bitcoins loses or gains. If in doubt about any coin, either BUY BTC, ETH or stay out of the market. For now!
Why is Bitcoin Cash(BCH) rising today?
On a day to day basic, we do not have that information. However, look above to see our Fundamental Analysis of Bitcoin Cash to see its expected value. You can also visit Bitcoin Cash's website here - Visit website.
A good reason for any intra-day pump is usually partnerships, implementations of a roadmap e.g. Mainnet launch or listing on a new exchange (mega-pump).The Bitcoin Cash website page will quickly provide you with that value.
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Why is Bitcoin Cash's price going down?
It’s difficult to tell right now as the daily BCH candle hasn’t closed. However a quick way to know the reason for any sudden disruption in Bitcoin Cash's price is to look at its social media feed to see if it released news that the market revolts at or it’s simply a red crypto day.
To view the Social sentiments for Bitcoin Cash, Simple click the Social Button on this page, located immediately below the Price Charts.
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BCH Live Prices Data
Bitcoin Cash Daily Price History
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