Price Analysis

Bitcoin Cash Price Analysis: Bitcoin Cash is Now Available On Electron Cash For Mobile Transfer

eToro
  • Electron Cash releases the option to transfer Bitcoin Cash (BCH) to mobile phones in its new updated version of 4.0.6.
  • The 2019 price target remains at $850.

A major constraint for the crypto users is the avenues to trade with it. Though there are lot many wallets and apps which are facilitating the same, this has never been enough. The idea of becoming a full-fledged currency is nowhere near the possibility if the coins cannot be traded freely. To mitigate this problem, Bitcoin Cash (BCH) has made a step forward. Bitcoin Cash (BCH) can now be transferred to Mobile Phones with the help of Electron Cash wallet. This new feature has been added with the latest updated version of 4.0.6. Electron Cash is light wallet specially designed for the Bitcoin Cash (BCH) users to offer them scalability and privacy. This is definitely going to enhance the users’ experience in the long-term. The medium-term outlook is bullish for the coin. By the end of 2019, the value is likely to be traded around 850 USD. We should now analyze the current details of the coin.

Bitcoin Cash Current Statistics-

Bitcoin Cash Price Chart - 8 June

eToro Crypto
Bitcoin Cash (BCH) 08th June 02:21 UTC
Rank 5th
Bitcoin Cash ROI -28.20%
Circulating Supply 17,825,863 BCH
Market Cap 7,111,499,612 USD
Value in USD 398.79 USD
Value in BTC 0.05002202 BTC
24h Volume 1,726,585,357 USD

Bitcoin Cash Price Comparison-

The lowest point of Bitcoin Cash (BCH) was on 29th January at 109.8 USD when considered from the start of 2019 until now. But by the end of March, the April market boom pushed the coin up. This growth has added 101.83% of value over just 12 days. But just after this hike, there was a small fall when the coin lost almost one-fourth of its value in 13 days. The Market Cap on 08th May was 5,055,500,471 USD, and the value of each BCH was 283.77 USD. The current Market Cap and the value of each coin are respectively 40.66% and 40.53% more than the values of last month.

Bitcoin Cash Price Prediction-

We have already mentioned that a bullish medium-term is likely to be seen for Bitcoin Cash (BCH). With few instances of sudden rise and fall, the coin may touch the value of 850 USD by the end of 2019. The next resistance point will be there around 450 USD and 500 USD.

Conclusion-

As the price is near 400 USD now, it is safe to buy more coins. Long-term holding will give at least 100% profit over the current investment value.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

Related Articles

Back to top button