Bitcoin Cash Price Prediction 2021
What is Bitcoin Cash (BCH)?
Bitcoin Cash (BCH) is one of the Bitcoin’s forks that took place on August 1, 2017. BCH coin was created due to a dispute between the Bitcoin communities on its network scalability.
Basically, Bitcoin Cash is a peer-to-peer electronic, decentralized currency. The key difference between BTC and BCH is the block size. Bitcoin Cash has an 8MB block, which allows process more transactions.
The project aims to become sound money that is usable by everyone in the world. Nowadays Bitcoin Cash is among the TOP 10 digital currencies by market capitalization.
Bitcoin Cash achievements and future plans
Here is the latest most impactful news from around Bitcoin Cash:
• On April 8, 2020, a halving took place on the Bitcoin Cash network at block #630000. The miner’s reward was decreased from 12.5 BCH to 6.25 BCH.
• General Protocols a DeFi startup focused on building products on the Bitcoin Cash network raised over $1 million in a seed funding round
• Grayscale Investments announced the approval of Public Quotations for Eligible Shares of Grayscale Bitcoin Cash Trust
• Roger Ver, one of the leading figures of Bitcoin Cash, announced a new hard fork that will take place in November
What to expect in the future?
We will be able to see how exactly the project will develop further after the hard fork, which will take place on November 15, 2020. As a result of this hard fork, two coins BCHN and Bitcoin ABC will appear. Most exchanges have announced their intention to support BCHN as the dominant in the Bitcoin Cash network. Bittrex has already published an official statement supporting BCHN. Other major exchanges are ready to support two forks at once. So, Binance is going to suspend the deposit and withdrawal of BCH funds on November 15. At the same time, the exchange is going to credit BCH holders with the coins that will appear as a result of the fork in a 1:1 ratio.
Bitcoin Cash Price History
|Circulating Supply||18,569,906 BCH|
|Total Supply||18,569,906 BCH|
|7 Day High / Low||$276.94 / $246.76|
Source: CoinMarketCap, Data was taken on 12 November 2020.
Bitcoin Cash Technical Analysis
Source: Tradingview, Data was taken on 12 November 2020.
Bitcoin Cash Price Predictions
TradingBeasts BCH coin price prediction
TradingBeasts analytics thinks that by the end of December 2021 the BCH average price will be around $252.19 (-2.55%) per coin. Bitcoin Cash also may reach its maximum its price of $315.238 (+21.81%) per coin.
Wallet Investor BCH price prediction
According to the Wallet Investor Forecast System, BCH is an acceptable long-term investment. By the end of December 2021, the price for Bitcoin Cash could reach a maximum price of $1262.87 (+387.99%) while its average price expected to be around $798.889 (+208.74%) per coin.
DigitalCoinPrice BCH coin price prediction
DigitalCoinPrice predicts that the price of Bitcoin Cash will increase in the future. The BCH average price may grow up to $574.27 (+121.91%) by the end of December 2021.
Longforecast BCH price prediction
According to the Longforecast forecast by end of the next year, the price of BCH will vary between $153 (-40.88%) and $197 (-23.87%) per coin.
So according to the most optimistic forecast we can expect that by the end of December the Bitcoin Cash price will reach $1262.87 per coin. But no one knows for sure is this will come true or not.
One thing is certain – if you are looking for the best platform to exchange digital currency – StealthEX is here for you.
How to buy Bitcoin Cash at StealthEX
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 BCH coins!
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.
November 12, 2020