Due to the current BCH bullish performance, the internet is heated with Bitcoin cash prices forecasts and analysis. Almost every cryptocurrency forum now has BCH news. While some expressed great confidence in the performance of its futures price which is moving at a higher current trend, a few others pour cold water on its latest price. Sponsors analysts believe its prices could exceed $1,500 before the middle of the year, while critics bet its price down and remain below the $300 level. However, in my opinion the BCH will continue to have a high trend based on some underlying causes.
For the second time in April the BCH hit the $1000 mark and appeared to be in good shape to continue the upward trend. This price level was first reached in the last quarter of 2017, a few months after its creation, and during a historic crypto market rally. We have entered into the fifth month of 2021, and the price of Bitcoin Cash continues to grow exponentially.
But what are the root causes of BCH's sudden rise in prices? And what effect will the coin have on the future?
Massive adoption
One of the obvious reasons for the rise in BCH prices is its widespread acceptance that continues every day around the world. Billions of people enter BCH every day through a few adoption programs. While the read.cash and noise.cash draw a string that draws tens of thousands of people into the Bitcoin cash community daily, Bbitcoincash.site and Pandoni pioneered is making a huge impact around the world bringing hundreds of thousands of merchants and other people into the Bitcoin cash network. The Satoshi Angel team also breaks many BCH restrictions in a very positive way seeing more people coming to know about BCH. One surgery is another community that does a good job of spreading BCH. We can also see the impact of SLP projects on BCH adoption.
In addition, several institutions and a big name in the digital finance sector have expressed interest in BCH, which may have led to its price Uptrend. You may not have heard of this, Rakuten a major online trading company, and Google Finance has begun processing Bitcoin Cash Payments for customers. Also, 21Shares AG in Switzerland has launched BCH ETP in the Swiss stock market. Additionally, the old Bitcoin poker platform added a BCH option for users. These developments contribute to the positive impact of the BCH price over the past month and are expected to influence its future price movements.
Unofficial Bitcoin cash road for 2021
Probably, you may not have heard of this new story about BCH. With ABC documents suspended, Bitcoin Cash does not have a Roadmap. This means that there has never been a statement or document written about BCH's future plan. Therefore, it was necessary for the developers of Bitcoin Cash and crypto experts to meet their ideas and ingenuity to open up what is now the unofficial BCH roadmap in early 2021. The presentation was put on a video record called "The road to mass adoption" a video outlining some of the key development updates the team has been participating in, what they are currently working on, and future updates. The recorded video was the basis for BCH which increases user confidence in the coin and is expected to have a significant impact on the value of the BCH going forward.
BCH haters
You might think this is weird, but I'm telling you the truth, the enemies are helping BCH more than it could have. Bents rivals BCH make Bitcoin cash most popular among crypto-verse. Most people who do not know about BCH hear about it in the forums and groups and some have decided to find out more about this money and why rants oppose it. Their discovery often leaves them with no choice but to fall in love with the coin. When you heard about Kim dotcom competing in a bar or casino with BTC maxists against him, that is an opportunity to tell the world more about BCH and Kim has done well to win the controversy with confidence that makes many people rethink BCH. If you are a Tweeter user and following @MarcDeMesel or @RogerVer you will understand what I am talking about. Those public rants about BCH whether they come from haters or lovers help spread information about BCH. If you claim anything and no one answers you, you will soon get tired. But the emergence of haters makes us talk more about BCH and thus facilitated its acceptance. Enemies are right sometimes, if BCH had no enemies it would not be where it is now. Go to Reddit and see how hot it is, there are a lot of innocent people who want to know about these controversies and they are the ones who decide who wins, and we know who wins this debate.
The bottom line of this ongoing rantings has seen individuals, investors, and retailers giving BCH a trial. The rantings against BCH makes it grow faster.
Mass adoption is the maine cause, yes. But I didn't expect haters helped it grow. Thanks to them, BCH will continue to conquer.