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Price Analysis

Bitcoin Cash Price Analysis: Bitcoin Cash (BCH) Records 3% Downtrend in the Last Month

  • Crypto exchange Kraken has switched to CashAddr which may benefit BCH users
  • Bitcoin Cash price may surge up to $320 in the next one week

Bitcoin Cash has slowed down after showing rapid price surge in the past two months. The coin started trading below $300 for some time in the last seven days but quickly gained up speed to bounce back above it. It may cross $320 mark in the next week, and the usage of the coin may also increase owing to Kraken’s switch to CashAddr. The current price statistics of BCH show progressive trends ahead.

BCH to USD Price Comparison

BCH Price Chart - 17 Aug 2109
Bitcoin Cash Price Chart by TradingView

As on August 17, 2019, at 09:13:26 UTC, the price of BCH coin is noted to be $309.74, and it is found to be moving in the upward direction. In the last 30 days, Bitcoin Cash price has recorded a downtrend of over 3% dipping from $320.05 to its current value. The journey has been a mix of high and low trends. BCH coin showed upward movement almost consistently till the early August rising as high as $354.75 but then started slumping and hit $305.24. Bitcoin Cash price again gained some momentum to cross $355 mark, and the fell steeply to hit $283.80. It has recovered a bit since then.

Current Statistics of Bitcoin Cash:

  • BCH price is noted to be $309.74 and 0.02990682 BTC
  • The Market Cap of the coin is now $5,551,983,955
  • The 24-hour volume is now $1,306,783,928
  • Circulating Supply of the coin stands at 17,951,550 BCH
  • ROI of the coin is now -44.33%

The lowest recorded value in the last seven days of BCH was $282.04, but it has gained enough pace now to trade above $300 again.

Bitcoin Cash Price Prediction:

BCH coin had shown almost 2X growth since the beginning of the year when the coin was trading at $160. It may have tumbled down a bit in the last few months but may cross its 90-days high value at $522 in the upcoming months. It is a good time to invest in the Bitcoin Cash now and save for future benefits.

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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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