Bitcoin Cash (BCH) Price Prediction: Crypto Investors Frown As BCH Is Losing Worth Amounting To 700 USD In Just 3 Days

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Bitcoin Cash or BTC is a peer to peer digital cash. BCH is a lot like BTC but has some differences also. BTC does not segwit, and it also lacks “replace by fee” feature. It enables to fix the “proof of work” difficulty to provide faster transactions. BCH is actually the result of a hard fork. Anybody who has BTH has got an equal amount of BCH provided, he did not have BTC in the exchanges and had private keys during the hard fork.

Current status of BCH:

Current trading value: 239.08 USD

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Market cap: 4,245,077,374 USD

Market rank: 6

Circulating supply: 17,756,088 BCH

Price analysis of BCH:

Bitcoin cashFrom the above chart, we can see that at present BCH is getting traded at 239.04 USD or 0.04572217 BTC (UTC time: 09:55). Its present market cap is worth of 4,244,368,029 USD with a 24h volume of 1,550,030,331 USD. The same chart also shows that towards the end of March 2019, BCH had a trading value of 168.39 USD. So, within this period, its price spike up by 41.95 USD.

Future price prediction of BTC: 

BCH is running at a great loss with the consistent bearish trend, and this has resulted in great dismay among the investors who have already splurged in BCH or were waiting to do the same. Many developments are going on BCH, and these have already started getting materialize. Recently, it got enlisted on Geminin exchange with the approval of NYDFS. A few months earlier also, BCH experienced approx. 2.1 million transactions on its platform within just 24 hours but now, it is facing great losses.

Conclusion:

As the crypto market is highly volatile now, it’s better not to invest in BCH and to wait for the right time for making any sort of investment.

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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