Bitcoin Cash (BCH) price prediction 2020, 2025, 2030. Within 2 years, Bitcoin Cash has proved to be a good investment, ranking 5th among all cryptocurrencies by market capitalisation, according to Coinmarketcap. As a prosperous Bitcoin fork, BCH is predicted to grow further.
Bitcoin Cash is a hard fork of Bitcoin. It appeared in August 2017, as a decision of influential miners, developers, investors and users who were opposed to the SegWit2x consensus. Now, it's a P2P decentralised payment system. The idea of BCH is "a coin for everyday transactions".
Bitcoin Cash's developers decided to change the block size to enable a greater number of transactions and improve the cryptocurrency scalability. They, therefore, increased it from 1 MB to 8 MB.
After its creation, BCH quickly became popular. Almost 1,500 blocks were created within a month. Mining pools such as Antpool and ViaBTC recognised this cryptocurrency and routed high volumes of hashrate to mine BCH.
BITCOIN CASHPRICE PREDICTIONSCRYPTOCURRENCY ANALYSIS
Bitcoin Cash (BCH) price prediction 2020, 2025, 2030
20 Mar, 2020
6 min read
Within 2 years, Bitcoin Cash has proved to be a good investment, ranking 5th among all cryptocurrencies by market capitalisation, according to Coinmarketcap. As a prosperous Bitcoin fork, BCH is predicted to grow further. However, before we delve deep into our Bitcoin Cash price prediction, let's take a look at its history.
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What is Bitcoin Cash (BCH)?
Bitcoin Cash is a hard fork of Bitcoin. It appeared in August 2017, as a decision of influential miners, developers, investors and users who were opposed to the SegWit2x consensus. Now, it's a P2P decentralised payment system. The idea of BCH is "a coin for everyday transactions".
Bitcoin Cash's developers decided to change the block size to enable a greater number of transactions and improve the cryptocurrency scalability. They, therefore, increased it from 1 MB to 8 MB.
After its creation, BCH quickly became popular. Almost 1,500 blocks were created within a month. Mining pools such as Antpool and ViaBTC recognised this cryptocurrency and routed high volumes of hashrate to mine BCH.
A brief overview of Bitcoin Cash:
Project name
Bitcoin Cash
Created by
Amaury Sechet, Roger Ver Jian Wu
Market capitalisation
$3.7 billion
Market price
$206
Protocol
Proof-of-work
Algorithm
SHA-256
Block size
8 MB
Github stars
866
Official website
Bitcoin Cash main information
Bitcoin Cash (BCH) price analysis
Many cryptocurrency community members, including Ethereum and Bitcoin miners, don't accept Bitcoin Cash. Nevertheless, BCH has become a great investment tool. It's listed on different digital currency exchanges including Bitstamp, Coinbase, Gemini and Kraken.
BCH's price history
It all started at about $200 for 1 BCH. Even at this rate, the cryptocurrency immediately hit the top of Coinmarketcap's charts by market capitalisation. The rate doubled the next day. The price was stable, but after three weeks, it rose to $1,000. The community must have been convinced that it was an intentional rise because the price immediately fell to $700.