Bitcoin Cash (BCH) Predictions: Is Bitcoin Cash the Most Promising Crypto of Current Times?

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Bitcoin Cash (BCH) is one of the leading decentralized, peer-to-peer Cryptocurrencies in the global crypto market. It was split out of Bitcoin in August 2017. It differentiates itself from the market pioneer Bitcoin in terms of its speed of transactions and scalability. It allows the transfer of all kinds of values irrespective of size and the turnaround timing for cross-border transfer is the major USP of this coin.

Current Statistics-

Bitcoin cash

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  • Bitcoin Cash (BCH) is the 3rd largest coin in the global crypto market.
  • It has a negative ROI (Return on Investment) of 48.37 %.
  • The coins in current circulation are 17,744,800 BCH.
  • The current market cap as on 24th April at 02:04 UTC is 5,066,680,707 USD.
  • The value of each coin stands at 285.53 USD and 0.05150216 BTC.
  • The 24 h volume at the same UTC stands at 1,507,604,380 USD.

Comparison-

Bitcoin Cash (BCH) started the year with 150 USD mark. It was stable on a larger part of the year till now. The 1st April boom had given the current momentum where this coin managed to gain almost 100 % of its value in just 4 days. Since then, it has been showing inconsistencies on the pricing front. The market cap on 24th March was 2,943,187,170 USD. The value of each coin was 166.38 USD and 0.04135878 BTC. The current market cap has inflated by 72.14 % in the last 30 days, and the value in USD has also gained 71.61 % in this period.

Prediction-

As mentioned earlier, the coin has been growing consistently since the start of 2019. However, the major growth was achieved by almost 100 % in just 3 days. The value of each coin is now hovering around 305 USD. And we predict the coin to inflate further. The next resistance stop should be at 315 USD. It will grow further without any signs of bear on its path. By the end of 2019, the price of one Bitcoin Cash (BCH) should be at 700 USD. The 2020 long term outlook is absolutely bullish with a target of 1000 USD.

Conclusion-

We advise the short term investors to buy now as the price is on the lower side. This may give them 15 USD to 25 USD per coin holding just a few weeks’ time. Long term and medium term holders will be profited by thrice the current price of they retain their holdings till 2020.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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