Bitcoin Cash is the most successful fork of Bitcoin (BTC) and one of the most prominent cryptocurrencies in the industry. For a long time, Bitcoin Cash was in the top-3 cryptos in terms of market capitalization alongside Ethereum and Bitcoin.
The coin got through a number of technological changes which may very positively affect BCH price prediction. In 2019, we saw a big jump in BCH price. What is Bitcoin Cash price prediction for 2020-2025? Find out in the new Bitcoin Cash (BCH) price forecast.What is Bitcoin Cash?
Bitcoin Cash is a fork of the first cryptocurrency, Bitcoin. It was designed to provide a more scalable and easy-to-use alternative to the original coin. The coin was established on August 1st, 2017. The coin should’ve become a cryptocurrency suitable for day-to-day transactions. In order to achieve that goal, the block size of the new coin was increased from 1 MB to 8 MB making transactions much faster. The newborn crypto was a success; the Bitcoin Cash price predictions were mostly positive, it was listed on multiple exchanges and became widely used by the community.
Still, BCH price history is not a one of stability. Bitcoin Cash price chart shows that the coin is very volatile in its value and is strongly linked to the overall state of the market. However, the coin is far from being a failure. Its price got to the peak shortly after its creation. On December 20, 2017, one BCH coin had a value of more than 4000 USD. Despite the fact that the BCH price today is significantly lower, the coin is still actively traded on almost every cryptocurrency exchange.Bitcoin Cash Live Price Bitcoin Cash (BCH) Price Analysis
In August 2017, when altcoin first appeared on the market, the price was $200. By the end of the month, the exchange rate rose to $550, with a capitalization of $9 billion. A sharp jump was triggered by the interest of miners and the buying activity of traders. The first transferred power to a m...