A few months ago, BCH Hard fork took place, and since Bitcoin Cash ABC won the hash run, BCH ABC and BCH were merged. Most recently, blockchain.com introduced a new cryptocurrency enthusiast tool to better understand the intricacies of their cryptocurrency. They launched Bitcoin Cash explorer, which helps people to look for transaction hashes, addresses and blocks in the BCH blockchain.
The next hardfork will take place in May 2019, which places great hopes on the BCH community. BCH ABC introduces Schnorr signatures that improve scaling properties by reducing bandwidth and storage space by more than 25%. It even offers many advantages if the protocol is associated with transaction switches.
The goal of BCH ABC is that it can be available to anyone and everyone in the world. With the recent addition of Bitcoin ABC, version 0.18.0 is the latest development, which includes instant and reliable payment without the need to change the agreed rules. BCH needs some technical improvements, such as the mempool access code, mining RPC, which can be implemented in 2019, which will allow chain scaling to be used.
The price of Bitcoin Cash today April 15, 2019 is 298.20 US dollars. Currently, the negotiable proposal is 17,729,263 BCH with a market capitalization of $ 5,286,953,652. According to the forecast of bitcoin cash today, BCH can develop very quickly.
What is Bitcoin Cash?
Bitcoin Cash was created to overcome the two main problems Bitcoin faces – scalability – by increasing the “block size”, BCH can process a larger number of transactions per second compared to bitcoins. Another factor is the transaction fee – the transaction fee in bitcoins is about $ 1.31, while for bitcoin-cash it is about $ 0.125.
For miners, Bitcoin Cash is much more profitable than Bitcoin, so if it causes more miners to switch from BTC to BCH, then this can lead to a further increase in BCH. As in the case of the mother coin, BCH in 2017 showed an exponential increase. Contrary to the predictions of the main community, Bitcoin Cash quickly reached the top and managed to reach important milestones in value. The coin was issued at a price of $ 250, and the next day it cost $ 651 per coin. By the middle of the month it was already worth $ 900.
Despite the fact that he is now experiencing storms, the cryptomir is rather optimistic about his return.
Market Forecast for Bitcoin Cash Prices
The cryptocurrency market is very volatile, and significant price changes can occur within a few minutes due to factors such as regulations, competition, the emergence of new technologies, market sentiment, and so on. Therefore, to predict the price of the fourth largest cryptocurrency in the world is not easy.
But there are some predictions of crypto traders / enthusiasts or even crypto-forecasting sites about how BCH will work in the future. Let’s check it out:
# 1 Trade Animals
Trading Animals predict that the year 2019 may be successful for the BCH, and its price may rise to $ 2,703.17 by the end of 2019. They predicted that by 2020 the price of the BCH could rise to $ 5,635.44 and reach $ 3,832.10.
# 2 Roger Ver
Roger Vere, called Bitcoin Jesus, has been an active supporter of Bitcoin Cash since its inception and predicts that Bitcoin Cash can be 2 times more valuable over the years. According to him, Bitcoin Cash is popular because it can be stored and spent like cash, which allows it to be used in everyday life.
# 3 Smartereum
Smartereum is a cryptographic website that predicts Bitcoin Cash can reach $ 6,700, which is about 500% growth in less than a year. Similarly, the five-year forecast of the value of cash bitcoins is about $ 24,600.
# 4 We were shot
Us Lifted is one of the cryptocurrency forecasting websites that is updated and predicts that the value of BCH could reach $ 9,735 by the end of 2019. This is a very optimistic bullish forecast, if we take into account the current price.
# 5 Crypto Ground
Crypto Ground predicts that Bitcoin Cash could plummet and could reach $ 707 by the end of 2019. After 5 years, BCH can reach $ 3,067 in five years.
# 6 Price Forecasting
Another forum on cryptocurrency price forecasting suggests that by the end of 2020 BCH may reach $ 9,560.28, which may or may not be true. BCH has winning characteristics that helped them develop a positive outlook on BCH.
Our bitcoin cash verdict price is 2019
BCH has several development teams that work with representatives of various projects, including Bitcoin Unlimited, Bitprim, Nchain, Bitcrust, ElectrumX, Parity and Bitcoin XT. These events occurred and begin to materialize. More recently, Bitcoin Cash ABC was credited to the Gemini Exchange, led by the Winklevoss brothers, with the approval of the NYDFS.
A couple of months ago, more than 2.1 million transactions were made in Bitcoin Cash, which accounted for 63 percent of the total number of cryptocurrency transactions conducted during this 24-hour period. It was a big success for the BCH community, as it can change the whole scenario. By the end of 2019, BCH can reach $ 2,000, which is more than 200 times the current price.
Bitcoin Cash Price Forecast 2019
BCH can be widely distributed to key users and provide a solid foundation on which businesses can rely. This will mark the beginning of a new path for the BCH, where it can partner with global institutions. Not only will it offer extravagant features, such as a timestamp, representative tokens, and more complex transaction scenarios. In 2019, the sun will be mostly everywhere.
Just in the second quarter, BCH may see a slight increase, after which it will jump and reach the level of $ 2K USD.
Bitcoin Cash 2020 Price Forecast
2020 will be a surprisingly good year for Bitcoin cash, as there will be innovation and development. There are some unconventional things planned for the development of the BCH infrastructure. In addition to supporting the wallet, the Bitcoin Cash community also plans to test the Telegram beta tipping bot, Tipmebchbot, which allows Telegram users to tip other users using BCH.
This promotion can occur until 2020. BitcoinCash can even offer its own hard forks, which can lead to many possible ways to keep Bitcoin in order to receive free coins. All year there will be an increase in prices, and by the end of the year, BCH is estimated to reach 4,039.6 US dollars.
The future of BCH cryptocurrency: Bitcoin cost forecast for 5 years
Bitcoin Cash (also BCH ABC) will pass in five years. Since Bitcoin is the parent of BCH, he is confident that BCH will never be forgotten. Bitcoin will never die, therefore, it will never allow its forks to disappear. His future performance will most likely be related to bitcoin performance. With similarities and a common history between the two currencies, BCH can trade past bitcoin successes and authority in the world of cryptocurrencies.
It is estimated that by the end of 2023, Bitcoin Cash could reach $ 5891, given the roadmaps it created. You can convert BCH to BTC from CoinSwitch at the best prices.