Bitcoin Cash (BCH) Price Analysis: Bitcoin Cash Shows Phenomenal Growth With Latest Platform Enhancements

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  • The competition toughens as Bitcoin Cash gains acceptance at thousands of stores
  • Bitcoin Cash is fast, faultless and now emerging as the preferred choice

Bitcoin Cash is on its toes and turning every opportunity in its favor. The recent developments in the platform have made it an exclusive cryptocurrency of many stores. Since its inception in 2017, Bitcoin Cash has never given the traders and investors a single dull moment. There’s always something happening at the firm or in the BCH market value, and that change is usually positive increasing the trust of market analysts manifold. Last year the company had partnered with Microsoft Corporation, which resulted in an exponential price surge and this year it has been following a similar approach like collaborating with BitPay to become accessible on Apple Pay and Samsung Pay. The market sentiment is positive.

Current Statistics:

Bitcoin Cash Price Chart

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  • Bitcoin Cash is ranked at the 4th position in the global cryptocurrencies list by the CoinMarketCap
  • The ROI of the coin is now -24.96%
  • As on May 22, 2019, at 09:14:00 UTC, the price of the coin is trading at USD 417.67 & 0.05260999 BTC
  • The 24 h volume is now 2,813,560,673 USD
  • The market cap has now reached 7,432,586,842 USD
  • The circulating supply is noted at 17,795,388 BCH and is same as the total supply

Comparison:

As on April 23, 2019, at 19:34:07 UTC, the price of the BCH coin was trading at 301.94 USD & 0.05412239 BTC. This shows an upward trend of over 38% in the value of the coin in the last 30 days. The price peaked to USD 443.68 and dropped to 232.91 USD in the last one month. The market cap of the coin was recorded at 5,357,584,815 USD, and 24 h volume was 1,397,617,471 USD at the same UTC.

Bitcoin Cash Price Prediction until 2022:

Bitcoin Cash is strong and reliable and has the potential to reach as high as USD 4,355.62 as in December 2017. The value of the coin has shown tremendous growth in 2019 with steep curves observed in April and now again in May as well. Bitcoin Cash has a strong market reputation, and it’s only a matter of time that the currency will again witness a bullish trend. The price of BCH coin can rise to 2000 USD by the end of 2019 and can cross the $5000 mark by the end of 2022.

Conclusion:

Bitcoin Cash is doing fairly well and has always beaten the competitors to climb up the coin ladder faster. It has the strong backing of all the major investors and hence mining BCH coin now is an option to jump for.

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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