BitcoinCash (BCH)
$ 602.33 14.44%
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The hard fork of 2018 hit Bitcoin Cash hard. Both the price of the currency and the market capitalization decreased significantly. What will the Bitcoin Cash forecast for 2020 and the coming years look like? Can the popular cryptocurrency recover from the internal dispute?
That moves the Bitcoin Cash price in March
Current course development
The turn of the year was also positive for Bitcoin Cash . Since January 1, 2021, the price has risen by almost 40% to currently $ 475 (Sand: January 17, 2021). Nevertheless, after the significant correction on January 11, 2021, BCH is still in the discovery phase. In the meantime, the BCH rate rose to over $ 613. Since that correction, BCH has been sideways in a channel between $ 450 and $ 500. Often referred to as the sister currency of Bitcoin, the cryptocurrency is often tied to the rate of the leading digital currency. Analogous to Bitcoin, the price of Bitcoin Cash often rises and falls in a similar way.
Prominent supporters
With Kim Dotcom, Bitcoin Cash has a prominent supporter who regularly advertises BCH. He has already announced several times on Twitter that Bitcoin is a store of value for him and Bitcoin Cash is a means of payment. The founder of a legendary file-sharing service also announced in January 2021 that he wants to work actively to make BCH suitable for the masses. Dotcom considers the Bitcoin Lightning Network to be far too unstable. He himself plans to use Bitcoin Cash exclusively for his own innovations in the future. It is not known what exactly Kim Dotcom is pursuing. His last project, which should be published on Bitfinex, was discontinued before the end of development.
The Bitcoin Cash War took its toll
Bitcoin Cash (BCH) was created in 2017 as a hard fork of Bitcoin . A group within the Bitcoin network saw the solution to the scaling problem in increasing the block size from 1 MB to 8 MB. Since there was no agreement, Bitcoin Cash split off from Bitcoin. Although BCH was never able to overtake Bitcoin, the crypto currency is still successfully in the upper echelons.
A discussion started again about a year after this hard fork . Again there were two camps: Bitcoin Cash Satoshi's Vision (BSV) and Bitcoin Cash ABC . The community was allowed to vote and the majority ultimately opted for the ideas of the BCH ABC group, to which Roger Ver belongs. Since then, BCH ABC has continued as Bitcoin Cash on most exchanges. However, the dispute resulted in the Bitcoin Cash course losing a lot of points. A bright spot for the Bitcoin Cash forecast could be the strong development of the Bitcoin.com brand, which is expanding into various areas and now also offers a crypto exchange .
source:
www.blockchainwelt.de