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Price Analysis

Bitcoin Cash Price Analysis: Greenpages.cash Adds Bitcoin Cash on its Directory, Medium-term Outlook is Bullish

  • Greenpages.cash adds a directory of merchants accepting Bitcoin Cash (BCH).
  • The 2019 prediction target should remain at $850.

Cryptocurrencies have been successful in reaching people all across the globe. But the one thing which it lags at is its market place. The true value of any Cryptocurrency is evaluated on the number of places one can spend the particular coin. Recently, Greenpages.cash has added a directory of the address where one can spend Bitcoin Cash (BCH). Greenpages.cash is a community maintained directory which caters to over 1000 merchants. It has not only physical stores but also online stores listed in the directory. It also has the address of such stores all across the globe maximum being in the American continent. There is an easy search option available on the site as well. As per our prediction, BCH may have a bullish year ending. By the end of this year, the coin may get as high as 850 USD. We should now analyze the current details of the coin to understand the growth pattern.

Bitcoin Cash price Statistics-

Bitcoin Cash Price Chart - 7 June

Bitcoin Cash (BCH)07th June 04:15 UTC
Rank4th
ROI (Return on Investment)-29.15%
Coin Circulation17,824,288 BCH
Market Cap7,028,580,086 USD
Value in USD393.20 USD
Value in BTC0.05045421 BTC
24h Volume1,780,658,184 USD

Bitcoin Cash price Comparison-

Bitcoin Cash (BCH) managed to start the year with a moderate price level, but right at the start, it faced a fall. On 6th January it started falling and lost almost one-third of its value over 23 days. On 03rd March, the coin started growing. Over 31 days, the coin gained 143.80% and reached near 300 USD. The Market Cap on the 07th May was 5,170,188,982 USD, and the value of each BCH coin was 281.14 USD. The current Market Cap and the value of each coin are respectively 35.94% and 39.85% more than the figures for last month.

Bitcoin Cash price Prediction-

As Bitcoin Cash (BCH) is becoming accessible to a larger part of the population, the chance of getting to higher prices also becomes bright. The medium term is likely to remain bullish. By the end of 2019, the coin may roam around 850 USD mark.

Conclusion-

As the price currently is below 400 USD, it is a good time to buy fresh coins. Holding until the 1st quarter of 2020 will give at least 100% yield on the current investment.

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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.

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