Bitcoin Cash Price Prediction 2020

BCH price prediction 2020 by StealthEX

What is BCH coin?

Bitcoin Cash (BCH) is a cryptocurrency that was created as a result of Bitcoin’s hard fork on August 1, 2017. The project is focused on struggling with the limitations existing in the original Bitcoin. Any user who had BTC at the time of the fork became the owner of an equivalent amount of BCH.

The project’s main features that are stand out from the original Bitcoin:  

• Block size 8 MB, which allows processing more transactions faster.

• Transactions protection from repeating and wiping out.  

• Security improvements.

Today Bitcoin Cash is well known and fifth-largest cryptocurrency by market capitalization.

Bitcoin Cash Statistics

BCH Price CoinMarketCap
Current Price$237.94
ROI since launch -57.18%
Market Cap$4,391,638,938
Market Rank#5
Circulating Supply18,457,275 BCH
Total Supply18,457,275 BCH

Source: CoinMarketCap, Data was taken on 9 July 2020.

Bitcoin Cash achievements and future plans

In 2019 the project has gone through the following milestones: 

• Bitcoin Cash protocol successfully implemented Schnorr signature functionality and Segwit recovery exemption.

• Merchant adoption growth: 1,128 online merchants, 1,772 brick-and-mortar merchants. Moreover, various well-known retailers cooperated with Bitpay, adding more BCH acceptance to the overall landscape.

• Privacy improvement: the full-featured version of Cashshuffle was introduced in March 2019.

• The launch of a local BCH marketplace.

What to expect in the future?

The project’s main goal to become sound money that is usable by everyone in the world. The Bitcoin Cash team will concentrate on the further development of usability, extensibility, and scaling issues:

• Adaptive Block Size.

• Merklix-Metadata Tree.

• Fractional Satoshis (fees low forever).

• New Transaction Format (more capable, more compact) and so on.

Bitcoin Cash Technical Analysis

Technical Analysis for BCH TradingView

Source: Tradingview, Data was taken on 9 July 2020.

Bitcoin Cash Price Prediction 2020

TradingBeasts BCH price prediction

The price for Bitcoin Cash price is forecasted to reach a maximum price of $259.186 per coin by the beginning of this August (+8.93%). By the end of December 2020, BCH expected maximum price will reach $228.149 (-4.11%), while the minimum price of BCH could be around $155.14 (-34.79%).

Wallet investor BCH coin price prediction

According to Wallet investor’s forecasting, BCH is a bad long-term investment. The Wallet investor says that Bitcoin Cash will not replace Bitcoin in the near future. At the same time, the average price per coin may reach $617.517 by the end of December (+159.53%). The minimum price will stay around $183.969 (-22.68%).

DigitalCoinPrice BCH price prediction

According to DigitalCoinPrice Bitcoin Cash (BCH) price will increase in the near future. By the end of the year 2020, the average price will be $571.74 per coin (+140.29%).

Where to buy BCH coin

Bitcoin Cash (BCH) is available for exchange on StealthEX with a low fee. Follow these easy steps:

✔ Choose the pair and the amount for your exchange. For example BTC to BCH.

✔ Press the “Start exchange” button.

✔ Provide the recipient address to which the coins will be transferred.

✔ Move your cryptocurrency for the exchange.

✔ Receive your coins.

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The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.

July 9, 2020

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