It has been recently tweeted how Bitcoin Cash is becoming one of the favorite modes for the merchants in Australia. Some merchants of Brisbane Australia are feeling more comfortable with BCH acceptance because of its competitive speed and low fees. They seem to drop TravelbyBit these days.
Merchants in Brisbane Australia are dropping support for the broken @TravelbyBit point-of-sale system in favour of #Bitcoin #BCH only! Business owners are using #BCH for its competitive speed advantage & low fees, a UX capable of pulling business away from fiat.#BitcoinCash #BTC pic.twitter.com/NVkkCAT6U5
— Hayden Otto (@haydenotto_) June 14, 2019
But is that going to increase the users in the region easily? Or let’s see if the price valuation is affected by any such usages.
Price Analysis From Bitcoin Cash Price Chart:
AT UTC 06:17, BCH is trading at $422.17 as on 15th June 2019. The remaining essentials are as follows:
|Return on Investment||-24.22%|
|Circulating Supply||17,838,675 BCH|
|Total Supply||17,838,675 BCH|
|Market Cap||7,514,814,619 USD|
|24 Hour Volume||1,793,508,682 USD|
Bitcoin Cash Price Comparison:
Analyzing the statistics from past 5 days Bitcoin Cash chart, the value right now is trading in the bullish zone, which means the value is gradually surging upwards. The lowest of the value in the said time frame was seen on 10th June when the trading value was $374.67. The value today has increased by 12.6% after the same.
The highest, in the time frame, was realized 2 days back on 13th June, when the coin was trading at $424.87. However, the value now has dropped off 0.6% only, which may not be a serious concern to the traders yet. Comparing the statistics, the Bitcoin Cash value might surge in the same direction with increasing popularity and acceptance of Bitcoin Cash in different global regions.
Bitcoin Cash Price Prediction & Conclusion:
To bid in the safer zone, traders might want to consider resistance level and support between $447.266 and $390.058 respectively. The market right is following a bullish Trend as of now. By the end of the year, BCH might touch $850, but investors must keep a close look at the trend all times.
If you are new to the trends of BCH, you might want to buy fresh coins right now and patiently wait for the profits to be achieved. And for those, who already have the same in their portfolios, must branch till the end of the year or till the start of 2020 for better considerable gains.