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Price Analysis

Bitcoin Cash Price Analysis: BCH Extended Reach is a Good Sign, Likely to have a Bullish Year Ending

  • Alagoria.com has recently given all BCH holders the access to many major retailers including Home Depot and Walmart.
  • The bullish medium-term outlook places the target at $850.

The main motive of the whole crypto industry was to set up an alternative system to the conventional financial system. Many governments over the globe are now accepting cryptocurrencies, and many huge MNCs are also partnering with crypto coins so that they don’t miss out from the growth story. In a similar turn of events, Alagoria.com has recently given all BCH holders the access to many major retailers. Using this platform, coin holders can order items from Homedepot.com and Walmart.com. Alagoria platform also has enabled this facility for other major coins like Bitcoin (BTC), Litecoin (LTC) and Zcash (ZEC). This platform also covers any damages or costs worth $10,000, resulting from purchases on its platform. These associations have worked wonderfully for Bitcoin Cash (BCH) in the past, and it is likely to work positively in the future as well. The medium-term outlook is bullish, and the target price should be 850 USD. Let us look at the current details of the coin.

Bitcoin Cash Current Statistics-

Bitcoin cash Price Chart - 12 June

Bitcoin Cash (BCH)13th June 03:08 UTC
Rank5th
Bitcoin Cash ROI-28.49%
Circulating Supply17,834,888 BCH
Market Cap7,088,257,264 USD
Value in USD397.51 USD
Value in BTC0.04902563 BTC
24h Volume1,565,176,233 USD

Bitcoin Cash Price Comparison-

Bitcoin cash (BCH) didn’t show any major price movement until the last week of March since the starting of this year. On 26th March, the coin gained over 101.62% in 12 days. But the momentum was lost soon when the coin started falling on 16th April. It lost 25% of its value over 13 days. By 7th May there was another period of growth when the coin gained 42.81% in 8 days. In the last 24 hours as well, the coin has gained over 5 USD. The market cap on 13th May was 6,221,765,784 USD, and the value of each coin was 386.63 USD. The current market cap and the value of each coin are respectively 13.92% and 2.81% more than the figures for last month.

Bitcoin Cash Price Prediction-

Looking at the strength with which the coin is advancing, it is safe to assume a bright bullish medium-term outlook for Bitcoin Cash (BCH). By the end of this year, the coin’s value is likely to roam around 850 USD.

Conclusion-

It is a good time to dive into the growth story of Bitcoin Cash (BCH). Short-term traders can also gain huge dividends playing with a little caution.

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Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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