History of Bitcoin Cash
Bitcoin was released in 2009. With time, it became more popular, and new issues came to light. The original Bitcoin project suffers from scalability issues and has lower transaction speeds. To solve this issue, Bitcoin Cash was created in 2017. It was a hard fork of the Bitcoin blockchain, which essentially means that the network split in two at a particular block size.
This was the beginning of the Bitcoin Cash project. Though the project has faced some criticism, it is still performing well on a technical level. Bitcoin Cash had many new forks, namely, Bitcoin SV (BSV), and then there was Bitcoin Cash ABC (BCH ABC) and Bitcoin Cash Node (BCHN).
What is Bitcoin Cash (BCH), and How does it Work?
Bitcoin Cash is an electronic cash system using a peer-to-peer network with high transaction speeds, faster payments, low fees, and increased privacy. The network uses BCH token as a native currency and operates as a permissionless decentralized cryptocurrency.
In terms of how it functions, it operates pretty much the same as Bitcoin. They use similar designs and have a hard cap of 21 million, using nodes to validate transactions using a Proof of Work algorithm. The only difference is that BCH uses a large block size, lowering transaction fees and increasing transaction speeds.
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Core Features of Bitcoin Cash
The features for Bitcoin Cash are pretty similar to Bitcoin as well.
Accessible: It is open and accessible to anyone, and no regulatory authority can block someone’s access to the platform.
Transparent: The public ledger keeps track of all the transactions made on the network. The ledger is updated at regular intervals in the block, allowing anyone to see ownership history and avoid potential fraud.
Fixed Supply: It has a fixed supply which makes it similar to hard assets like gold or silver.
Lower fees: It has fast and affordable transactions regardless of the transaction value. This means that you can pay for something like a cup of coffee since there is no minimum transaction amount.
Use Cases of BCH Token
The BCH token can act as a means of payment between individuals or merchants. It also leads to simplified, intelligent contracts. Private payments can use tools to combine the BCH token in their architecture. This can also lead to a situation where some financial institutions can integrate BCH in its workings.
Bitcoin v/s Bitcoin Cash
There is a clear winner when comparing Bitcoin and Bitcoin Cash. The block size for Bitcoin is 1 MB, whereas, for Bitcoin Cash, the maximum block size is 32 MB. This allows BCH to carry out two million transactions daily instead of Bitcoin’s 250,000 transactions.
The bigger block size of BCH also eliminates a scaling tool that BTC needs. The average block processing time for BTC is 10 minutes. This is not the cash with BCH, as it adjusts automatically depending on the network response. This makes BCH better.
The Future of Bitcoin Cash
Since BCH is a faster and cheaper blockchain network, it is expected to become accepted more widely in the Bitcoin cash cryptocurrency market. Bitcoin Cash is also competing with other projects like Litecoin. Although these projects are pretty different, BCH is creating a high market capitalization for itself, and with time, the adoption is anticipated to increase in just a few years.
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Bitcoin Cash: Pros & Cons
We have already stated how Bitcoin Cash is superior to Bitcoin. Then what is the reason for BCH being lower in value than BTC? The answer is that, for the most part, people don’t trust Bitcoin Cash. And that is understandable. Since BCH is a hard fork, the Bitcoin community will not feel comfortable with BCH as it is relatively newer. On the other hand, Bitcoin has proved itself to be solid crypto that has stood the test of time. Shortly, this is expected to change.
Latest News on Bitcoin Cash
On May 15, 2022, the network is going to upgrade. This information is available on the official website to enable a new range of financial products and services by adding new operations and improving the overall efficiency of contract designs. A new set of operations will also enable the development of more secure wallets.
Price History of Bitcoin Cash
Currently, the Bitcoin Cash price equal $283.02. The current market cap of over $5,378,792,044 is a good indicator that Bitcoin Cash will continue to attract market attention. The fully diluted market cap is just over $5,943,505,080, with the last 24-hour volume of $3,259,771,751. The circulating supply of Bitcoin Cash stands at 19,005,000.
Currently, BCH tokens are at 91% of the max supply, i.e., 21 billion BCH tokens. The recent Bitcoin Cash price fluctuations have made it challenging to identify where the market is headed. Still, we have come up with some numbers that show where the market is headed (assuming fundamental analysis is sound and the positive trend continues).
The data obtained below might not be an accurate indicator as historical data, and past performance do not indicate the future price. This is not profitable investment advice and shouldn’t affect your future plans. Your future results will depend on your engagement in complex instruments and your own research.
Will BCH Prices Go Up?
The price of Bitcoin cash for the past year has been underperforming. With this drastic change in price and losing money rapidly, investors have caught the attention. Therefore, the time is ripe for investors to identify purchasing opportunities to supplement their portfolios.
The high volatility is experienced before it is expected to slow down, and the current state of Bitcoin Cash coin’s price is expected to become better in just two quarters. With that said, these are the numbers we have come up with.
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Yearly Bitcoin Cash Price Prediction
| Year | Minimum Price | Maximum Price |
| 2022 | $250.31 | $400.84 |
| 2023 | $382.93 | $473.38 |
| 2024 | $325.65 | $482.30 |
| 2025 | $489.33 | $604.19 |
| 2026 | $479.57 | $550.21 |
| 2027 | $560.46 | $794.11 |
| 2028 | $843.03 | $1000.30 |
| 2029 | $1001.08 | $1234.74 |
| 2030 | $1250.09 | $1399.92 |
Bitcoin Cash Technical Analysis
The technical analysis will try to predict the price direction. Since the BCH is very close to establishing a new support level, the near future might be a little unpredictable. It is expected that the current support level near $260 will be maintained.
If it isn’t, it still is not a good idea to go short on Bitcoin Cash. The consensus says that Bitcoin cash faces some temporary price fluctuations before it resumes its upward growth.
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The Bitcoin Cash price today is around $283, a considerable fall from its 52 weeks high of $1765.69. Shorting the BCH isn’t an attractive choice since it has lost more than 80% of its value over the past year.
Instead, investors should try to find support levels and buy near those levels over a long period. This will help to reduce the cost of acquiring BCH tokens and take full advantage when the price eventually turns up. The 200-day moving average has now started to trend down, which is a bad sign for Bitcoin Cash.
The BCH price prediction suggests that a new low for BCH below the $250 level won’t be established. If it happens, it would be advised to purchase the token only after it establishes a new support level or the price goes above the 50-day moving average.
The above chart shows that the OBV has been almost flat for the past month and has decreased a bit since September 2021. The current trend looks like a broadening wedge in reverse. In situations like this, a standard trading strategy is to purchase near the $316 price level or when the price goes above the wedge, which ensures that the trader can get in soon and buy it at a lower price.
Though traders use this strategy to trade, as an investor, you should get in on the same price point and hold it for the long term and keep purchasing it to increase the holding and lower the cost basis.
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The fall in BCH price was forced to lose 80% of its value in the past year. The most highly volatile period occurred from April 2021 to May 2021. During this time, volatility was at its peak as there was no clear indication of where the BCH was headed.
After creating a support level of $400 in July 2021, the volatility lowered and remained relatively stable. In a 1-year time frame, the BCH price increased to $784.3 in Sep 2021 but faced resistance and fell to $474. Price tried to cross the resistance at $716 in Nov 2021 to reach the previous high but failed and since then it is trading in the red.
The current price is also experiencing lower volatility, increasing the confidence that RSI might work adequately. But RSI hasn’t created any overbought or oversold signals yet. So, one other way to capitalize on the gains is to trade using the RSI indicator specifically for BCH crypto.
Expert’s Opinion on Bitcoin Cash
The long-term price predictions for Bitcoin Cash are in a bullish trend. The price is expected to increase little at first and then go through a phase of rapid increase that will double or triple in a matter of weeks.
The conservative outlook for the BCH token says that the future price will remain steady. In contrast, the optimistic outlook suggests that there will be high volatility where traders can jump in and out to capitalize on Bitcoin Cash cryptocurrency market fluctuations.
Price Prediction – According to Bitcoin cash prediction, it indicates that the future for BCH might be very bright. Their analysis of Bitcoin Cash’s price indicates that the coin may cross the $1000 mark in 2025. The maximum value for 2025 as per their Bitcoin Cash forecast may be $1,361.14.
Wallet Investor: According to the Bitcoin Cash Price Prediction, the BCH price might reach $1026.300. With a 5-year investment, the revenue is expected to be around +229.52%. Your current $100 investment may go up to $329.52 in 2027.
Digital Coin Price: Based on the BCH price prediction, the Bitcoin Cash price might reach $535.60 in the year 2026.
GOV Capital: As per the Bitcoin Cash forecast, the Bitcoin cash price would reach $7.838 in the next five years.
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Bitcoin Cash Price Predictions: 2022-2030
We have compiled Bitcoin Cash Price Predictions from 2022 to 2030. The forecast obtained uses technical and historical price analysis to predict future prices. Multiple factors affect price movement, and these can be difficult to adjust.
The following Bitcoin Cash price analysis should not be interpreted as financial advice, and people planning to enter the financial markets should do their due diligence before investing.
Consult with your portfolio manager and make an informed decision about the investments that you plan to make. With that out of the way, here is the forecasted data for Bitcoin Cash.
Bitcoin Cash Price Prediction 2022
Bitcoin Cash (BCH) may have a tough start as it may continue to experience a decline in value. The Bitcoin cash price forecast indicates the coin is expected to hit its lowest within the first quarter and soon take off from the minimum price drop of $250.31. By the third quarter, the BCH price is expected to reach a maximum price of $400.84 before it declines in price leading to an average price of $339.38 for 2022.
Bitcoin Cash Price Prediction 2023
According to Bitcoin cash prediction, this year is most likely going to be the year when the trend will stay stable. Lower volatility is expected, and an average price of $425.90 may be maintained throughout the year. In the second quarter, the BCH token may hit a minimum price of $382.93 before it resumes its normal uptrend creating a high of $473.38 in November this year.
Bitcoin Cash Price Prediction 2024
It is anticipated that the price may experience a high volatility period in the first two quarters. After these fluctuations, the price is likely to trend sideways as the average price of $436.68 is maintained, with the minimum price drop of $325.65 and the maximum price of $482.30. The RSI is likely to work very well this year, creating maximum profits for the crypto traders who hold Bitcoin Cash.
Bitcoin Cash Price Prediction 2025
As the market sentiment changes, investors will realize the value of Bitcoin Cash. This is likely to cause an increase in volume as more and more investors, along with institutional investors, start to buy-in. This will increase the price of Bitcoin Cash (BCH) to a high of $604.19. The minimum price for BCH may be $489.33, with an average trading price of around $575.16.
Bitcoin Cash Price Prediction 2026
According to the Bitcoin cash forecast, due to new projects and competitors emerging, Bitcoin Cash (BCH) may face some criticism as it doesn’t have enough features compared to the competition. This will change the crypto market sentiments to bearish as the Bitcoin Cash token creates a low of $479.57. This bearish trend is likely to continue for the first half of the year. The maximum price growth for BCH may be $550.21 while maintaining an average price of $497.63.
Bitcoin Cash Price Prediction 2027
Based on the Bitcoin Cash price prediction, as the project takes off, the investors are likely to cash out soon as the price increases, resulting in a minimum future value of $560.46 for this year. It is predicted that institutional investors will buy in during this sell-off, causing another rally. This may change the trend in a bullish favor, and the market will create the highest price of $794.11 for BCH. The Bitcoin Cash (BCH) average price may be around $647.63.
Bitcoin Cash Price Prediction 2028
As per the Bitcoin cash price forecast, the third quarter may achieve a minimum price of $843.03 as Bitcoin Cash (BCH) starts experiencing some temporary volatility. This will cause the crypto market to act unpredictably, leading to an average price of $945.77 for this year. The maximum price of $1000.30 is likely to be hit by the end of the year, only if there are some good announcements regarding the platform on the official website. This might be the year when the forecasted Bitcoin cash price reaches $1000.
Bitcoin Cash Price Prediction 2029
Based on the BCH price prediction, this year, Bitcoin Cash (BCH) is predicted to reach a minimum price of $1001.08 on low volatility within the second half of 2029. A maximum of $1234.74 may be reached in the first half of the year, and the average price may hover around the $1108.11 price level. The anticipation of more growth is likely to be the reason for the highly volatile period near the end of this year.
Bitcoin Cash Price Prediction 2030
According to the Bitcoin cash forecast, BCH will finally cross the $1200 mark this year. This is an excellent achievement for BCH. The price is expected to come to its mean of $1300.49, with a minimum value of $1250.09. The maximum price of $1399.92 is expected for BCH in 2030, creating a positive outlook in the market.
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Frequently Asked Questions
Is Bitcoin Cash a good investment?
Yes, BCH is a profitable investment for the long term. So, if you’re expecting insane returns in the short term, Bitcoin Cash (BCH) might not be ideal for you. Market conditions can also change, which can impact if the BCH continues to become a leader in the crypto world or lose in the long run. It should be noted that the only reason Bitcoin Cash (BCH) hasn’t performed well is that the adoption rate is lower, and the market is still suspicious since the BCH is new.
How to buy Bitcoin Cash?
One easy option is to buy Bitcoin Cash (BCH) using a cryptocurrency exchange where it is listed. To do so, you will have to sign up & complete the registration process. The next step is to add sufficient funds using your debit or credit card. Lastly, in the search bar, enter ‘BCH’ and enter the amount or number of coins you wish to buy, and tap the ‘Buy’ button. It is also possible for you to sell Bitcoin Cash, swap out your existing BTC or other stable coins like USDT or USDH for Bitcoin Cash.
Where to buy BCH?
It is always preferred to use cryptocurrency exchanges for buying BCH since your objective is primarily to invest or trade and make a profit on your investment. The recommended crypto exchanges are Binance, Huobi Global, Gate.io, and Coinbase. We recommend Binance as it has proven itself a market leader and has an easy-to-use interface for most users. You can also sell Bitcoin Cash using the same platform when needed.
Which is better, BTC or BCH?
From a good investment perspective, Bitcoin is better. Although it doesn’t have the advantages of any of its competitors, it continues to be the number one crypto today. That said, BCH is far superior to Bitcoin in terms of performance, among other factors. For starters, Bitcoin Cash (BCH) has much faster transfer times. So it takes less time to verify a transaction. This also means that BCH can handle more transactions per second. The performance benefits also mean that BCH is much more scalable than the BTC. The block size limit is eight times bigger than a BTC block. The mining process is still the same for Bitcoin Cash, and there isn’t much difference.
What will Bitcoin Cash be worth in the next five years?
The price forecast for BCH says that the average price will be around $497.63. The maximum price for the same is forecasted to be $550.21, and the minimum price is expected to be $479.57. The year will be the least volatile period for Bitcoin Cash compared to the previous year. In all likelihood, Bitcoin Cash will overtake the competition to become the top 10 cryptocurrencies by 2026.
Will Bitcoin Cash go up in 2022?
The price predictions suggest that the Bitcoin cash price will average around $339.38. Given the current state of BCH price, it isn’t easy to believe in this prediction. The maximum price for this year is expected to be $400.84. The current price trajectory is most likely temporary as the asset may be experiencing some drop in price due to the market losing interest.
Does BCH have a future?
According to the Bitcoin cash prediction, the price might reach $400 in 2022 to an average of $575 in 2025 and $945 in 2028.
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