Bitcoin Cash Price Prediction: Will BCH Reach $1000?

August 15, 2024

Price Prediction

Sean Korbett

Bitcoin Cash (BCH) is Bitcoin’s direct competitor. It also remains one of the top-15 cryptocurrencies by market cap. By presenting an alternate scaling option to the Bitcoin Core codebase, Bitcoin Cash aims to provide an alternative to the Bitcoin network, in contrast to custom-built networks like Ethereum. What can we expect from this popular Bitcoin-alike solution? Discover the long-term Bitcoin Cash price prediction in StealthEX’s latest article.

Bitcoin Cash (BCH) Overview

With a few minor changes, Bitcoin Cash is structurally extremely similar to Bitcoin as it is its fork. The core of Bitcoin Cash is its 8 MB larger blocks, which were raised to 32 MB in May 2018. This modification was made in order to improve transaction throughput, reduce fees, and bring Bitcoin closer to its intended purpose of enabling effective peer-to-peer transactions. The increased block size is a direct response to the high fees and congestion on the Bitcoin network, particularly during periods of high usage.

When the network experienced severe congestion, Bitcoin Cash appeared as a quick and workable answer to the scalability issue. Although SegWit offered a forward-looking strategy, more time was needed for development and improvement. Increasing the block size, on the other hand, provided a quick fix for the network’s urgent problems and attempted to bring back Bitcoin’s usefulness as a decentralized, peer-to-peer electronic cash system.

The future of Bitcoin Cash was determined by a group of Bitcoin developers and miners who were worried about the cryptocurrency’s capacity to grow in the future. This group of miners, in contrast to most BTC miners, chose to increase the size of each block in the blockchain because they were unhappy with the SegWit2x update. A hard fork produced Bitcoin Cash on August 1, 2017. Bitcoin Cash was further awarded to all holders of Bitcoin at the moment of the fork.

Bitcoin Cash Features

BCH crypto offers a number of features within the crypto space:

1. Fast transactions. BCH transactions are well-known for their quickness. Because of the large block size, more transactions may be processed rapidly, making it appropriate for everyday use.
2. Low transaction fees. When compared to Bitcoin, BCH has lower transaction fees, making it a more cost-effective option for moving value.
3. Decentralization. Like Bitcoin, Bitcoin Cash functions on a decentralized network, which reduces the danger of censorship or control by a single person or government.
4. Scalability. BCH’s scalability features allow it can handle more transactions per second, ensuring seamless operation during peak demand periods.

Bitcoin Cash (BCH) Price Chart    

CoinMarketCap, August 15, 2024

Bitcoin Cash (BCH) Price History Highlights 

• 2017: On August 1st, 2017, Bitcoin Cash entered the cryptocurrency market and began trading at a price of $240. Then, a very bullish sentiment that was pushing all major cryptocurrencies to new all-time highs drove the price of Bitcoin Cash. BCH shot up to $4,355.6, an all-time high.
• 2018: 2018 saw BCH price sinking until it hit an all-time low of $76 in December as trends stopped supporting an increase in the price of BCH. Bitcoin Cash (BCH) reached a maximum price of $1,847 in 2018, however over the year, it lost 90% of its value. In March of 2018, the value of Bitcoin Cash was approximately $600. It experienced a significant upswing early in April, rising 97%, to reach $1,347.
• 2019: For Bitcoin Cash, 2019 was an especially bad year as the cryptocurrency hit new lows and struggled to find support, let alone turn a profit. May saw the highest price of 2019 at $443 following a run of rises that raised BCH’s value by 66% in that one month alone. The starting fee for 2019 is the lowest ever, at $113. The average price of Bitcoin Cash (BCH) in 2019 was $255, as the cryptocurrency was unable to rebound beyond price fluctuations in May.
• 2020: The price of Bitcoin Cash experienced a surge in January 2020, reaching a peak of $497, the highest amount for the year. But after that, the cryptocurrency started to decline, reaching new lows and an average price of $277. $130 was the year’s lowest price. BCH displayed bullishness towards the close of the year, achieving gains that lifted the price of Bitcoin Cash above $300.
• 2021-2022: The bullish momentum continued into the next year, so BCH price was seeing returns with the highest price of $749 and the present price of $523 after a change of 55%. During 2022, the price declined to reach $100.
• 2023: In 2023, BCH fluctuated between $97 and $280.
• 2024: In 2024, Bitcoin Cash experienced a bullish uptrend, reaching $657.85. At the moment, its price fluctuates around $350.

Bitcoin Cash Price Prediction: 2024, 2025, 2030-2040

BCH Price Prediction 2024

DigitalCoinPrice experts have lowered their expectations of Bitcoin Cash since May: they expect that in 2024 BCH coin’s price might go as high as $731 (+120%), while at its lowest point it can drop to $301 (-9%).

PricePrediction analysts are also less bullish on Bitcoin Cash: according to their estimates, in 2024 Bitcoin Cash will rise in price. It’s expected to cost $355 (+7%) at its low, while at its maximum BCH will rise to $$404 (+22%).

Telegaon crypto experts anticipate that the minimum lowest price Bitcoin Cash can drop to in 2024 will be $500 (+50%) vs its maximum price of $548 (+65%).

Bitcoin Cash Price Prediction 2025

DigitalCoinPrice crypto analysts think that in 2025 BCH coin might reach $721 (+117%) per coin at its lowest point. Its lowest price might go as high as $872 (+163%).

Based on PricePrediction forecasts, in 2025, BCH’s lowest price is projected to be $509 (+53%), while at its highest point it can reach $612 (+84%).

Telegaon analysts expect that in 2025, Bitcoin Cash will reach a maximum price of $843 (+154%), while at its lowest point it can drop to a minimum of $646 (+95%).

Bitcoin Cash Price Prediction 2030

DigitalCoinPrice analysts are of the opinion that by 2030, BCH crypto will hit a highest point of $2,508 (+657%), while its minimum price will drop to $2,268 (+584%).

According to PricePrediction, by 2030 BCH will be trading at a lowest price of $3,498 (+956%), while at its peak it might reach $4,011 (+1,111%).

Analysts at Telegaon think that in 2030, Bitcoin Cash is going to reach $3,337 (+907%) at its peak and might trade at a minimum of $2,545 (+668%).

BCH Crypto Price Prediction 2040

According to PricePrediction forecasts, in 2040 BCH will reach the current price levels of Bitcoin and even go beyond: its minimum price is expected to be $86,310 (+25,960%), while its maximum price is going to soar to $119,191 (+35,888%).

By 2040, Telegaon crypto experts expect Bitcoin Cash to rise in price even more: $7,961 (+2,303%) at its lowest point vs $9,521 (+2,774%) at its highest point.

Bitcoin Cash Price Prediction: What Do Experts Say?

The price of Bitcoin Cash has recently shown notable volatility. The trading patterns mirrored the dynamics of the larger crypto market, swinging between bullish and pessimistic feelings. This is consistent with the sideways trading of other prominent cryptocurrencies, which indicates a period of investor hesitancy and consolidation.

Trade volume and open interest also show notable fluctuations. With a significant 10% increase, the volume now stands at $388.62 million. This suggests that trading activity and investor interest in BCH derivatives have grown significantly. This may partially be attributed to the recent developments in Mt. Gox rehabilitation plan, which was approved in 2021 and has just moved forward with BTC and BCH repayments.

With new price levels being tested, Bitcoin Cash can experience surges and, according to some analysts, can go higher in price over time. For instance, CoinEagle via CoinMarketCap believes that in 2030 Bitcoin Cash can go as high as $10,000.

BCH USDT Price Technical Analysis     

Tradingview, August 15, 2024

Now that we’ve seen possible price predictions for BCH, let’s find out a bit more about the factors that can influence its price.

What Does the Bitcoin Cash Price Depend On?

The price of Bitcoin Cash is mostly determined by market demand. The demand for BCH may grow as more individuals and businesses recognise its value as a digital currency, thus raising its value.

Like other cryptocurrencies, BCH is also affected by news, public opinion, and the state of the market. While negative news may lead to market instability, positive news and widespread adoption can boost confidence.

Lawsuit developments and governmental restrictions may have a significant effect on the cryptocurrency market, particularly Bitcoin Cash. While stringent restrictions may impede growth, clarity and acceptability of legislation can foster trust and stability.

Enhancements to Bitcoin Cash’s foundational technology, including its blockchain, might boost its usability and security and draw in more users and investors.

When assessing Bitcoin Cash as an investment, keep the following considerations in mind:

• Supply and demand
• Market speculation
• Investor sentiment
• News, events, and hype
• The price of Bitcoin
• Competition
• State of the market
• Changes in regulation

Risks and Opportunities

Bitcoin Cash is closely tied to Bitcoin, which has allowed exchanges and wallets to easily incorporate support for Bitcoin Cash, thereby adding to liquidity and overall market awareness of Bitcoin Cash. The success of Bitcoin Cash is highly reliant upon Roger Ver and Bitmain, as those two entities hold an oversized-proportion of BCH and thus possess great influence over the project. Moreover, Bitcoin Cash has negligible adoption and chain activity, despite forking away from Bitcoin to become cheaper to use and more accessible to all. To add to all this, Bitcoin Cash leadership, community, and long-term vision are fractured, which has resulted in multiple hard forks.

Despite these disadvantages, Bitcoin Cash is closely tied to Bitcoin, which has allowed exchanges and wallets to easily incorporate support for Bitcoin Cash, thereby adding to liquidity and overall market awareness of Bitcoin Cash. Additionally, Bitcoin Cash has been well-funded by big names in the cryptocurrency community that were part of the original Bitcoin community.

Is Bitcoin Cash a Good Investment?

It could be. If the market crashes, its high market capitalisation, strong technical base, and excellent prospective use may help to maintain its price.

What Is the Future of BCH?

Websites like PricePrediction believe that by 2050, Bitcoin Cash can reach a whopping $199,661 at its peak.

Will BCH Hit $1000?

It’s very possible as this price level has been reached by this cryptocurrency in the past.

Can BCH reach $10k?

According to websites such as Telegaon, this can happen after $10,000. Bitcoin Cash uses a Proof-of-Work consensus mechanism, meaning it is better protected from regulatory attacks and seems to have a solid development plan.

How High Can BCH Go?

Telegaon experts think that in 2050 BCH can hit a maximum of $25,945.

What Will Bitcoin Cash Be Worth in 2025?

DigitalCoinPrice analysts believe that in 2025 the maximum Bitcoin Cash can hit will be $731.

What Will Bitcoin Cash Be Worth in 2030?

PricePrediction states that in 2030 Bitcoin Cash will hit $4,011 at its peak.

Is Bitcoin Cash Risky?

Just like any cryptocurrency, Bitcoin Cash is a volatile asset with almost unpredictable price movements.

Is BCH Better than BTC?

Bitcoin and Bitcoin Cash are nearly identical in code and were born on the same original Bitcoin blockchain. Along the way, in 2017, a subset of Bitcoin supporters in disagreement with how to handle block sizing in order to improve Bitcoin’s scalability and speed offered an alternative. Bitcoin is $50,000 per coin, while Bitcoin Cash is only $300 per BCH coin. Since they both have the same 21 million coin supply, it’s obvious which one may be a better investment.

Will Bitcoin Cash Make a Comeback?

It’s very much possible! Bitcoin Cash has already surged in price on numerous occasions, so it won’t surprise anybody if its price rises again.

How Many BCH Coins Are There?

The total supply of Bitcoin Cash is 19,744,128 BCH.

What Is Bitcoin Cash Used For?

Bitcoin Cash functions as a strong substitute for payment networks like Visa and Mastercard since it offers inexpensive transactions.

Conclusion

Bitcoin Cash seeks to realize the goal of Bitcoin’s creator, Satoshi Nakamoto, by developing a digital payment system that never uses off-chain solutions like Lightning Network. Perhaps the most exciting and promising aspect about Bitcoin Cash is its low transaction fees. These could become extremely attractive as BTC’s fees continue to get higher and higher. However, Bitcoin Cash is not as widely known as Bitcoin. The BCH community can address this issue through coordinated marketing efforts and if they are successful, Bitcoin Cash can gain prominence.

Where to Buy Bitcoin Cash (BCH)?

StealthEX is here to help you buy BCH coins if you’re looking for a way to invest in this cryptocurrency. You can buy BCH coin privately and without the need to sign up for the service. StealthEX crypto collection has more than 1500 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

How to Buy BCH Coin: Quick-Step Guide

Just go to StealthEX and follow these easy steps:

• Choose the pair and the amount you want to exchange — for instance, BTC to BCH. 
• Press the “Start exchange” button.
• Provide the recipient address to transfer your crypto to.
• Process the transaction.
• Receive your crypto coins.

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.