As we are now in a bull market, Bitcoin Cash is still consistently doing fine in terms of its price and doesn't let itself to get behind by other cryptocurrencies. Technically and fundamentally, Bitcoin Cash is showing more strength to the public about its potential to be known and accepted globally.
Since it was forked from Bitcoin (BTC) because of the arguments between the 2 Bitcoin supporters who wants the block to increase its size to solve Bitcoin's scalability and other one to make still the same, lots of fears, uncertainties and doubts are thrown to Bitcoin Cash for more than 3 years of its existence.
Bitcoin Cash Is Not Dead.
In the month of April, 2020, the BCH Network was not looking great in the public blockchain and made the miners at loss with just 6.25 BCH as a block reward where the price of BCH dropped down drastically when the pandemic hits the world.
Currently, where the market have recovered from the market, block reward are back again at 12.5 BCH for every successful mining and this will still be active until this month of April, 2021 and then it will be halved again to 6.25 BCH per block reward.
And talking about its massive adoption, Bitcoin Cash is now being accepted by hundreds, if not thousands, of merchants all around the world. Everyone can use Bitcoin Cash as a form of payment in different parts of the world where it's accepted like;
Rakuten in Japan where you can used Bitcoin Cash in their app to purchase goods in hundreds of stores.
In Thailand, where 31 goods and services are offered and can be paid with Bitcoin Cash. You can find them in https://bangkokbitcoin.cash/en/merchants.
Bitcoin Cash also have a large and very active community that are supporting and representing it to the world and helping its way for more and massive adoption.
And with the help of read.cash team, it gained nearly 60,000 Bitcoin Cash users since January, 2020. And have been onboarding new users day by day in the platform with tens of thousands of active daily users.
Bitcoin Cash Have a Future And Is Not Unworthy Of Our Investment.
In a technical view, Bitcoin Cash block size was up to 32 Megabytes while Bitcoin only have 1 Megabyte making it more possible for BCH to handle more transactions than with BTC. And with a huge difference of block size, BCH has 1000 times cheaper fee than Bitcoin making it more suitable for making a day-to-day and peer-to-peer transaction.
Currently, in whatever way we see Bitcoin Cash, it is fundamentally and technically rocking the public and the market.
Technically:
From the monthly chart of Bitcoin Cash, it is showing a very bullish uptrend and clearly shows a very strong movement for more upward heading. BCH recovered from $200 to now around $700 from the last quarter of 2020.
And one more fact, because we are still in a bull market, BCH can potentially go over $1,000 in the next 2-3 months or even less. I'm positive with that!
Fundamentally:
With the constant adoptions happening all around the world, making people to have an easy access to a peer-to-peer, cheaper and decentralized transactions, the demand for Bitcoin Cash will eventually increase in the near future.
Since BCH is way more spendable and fundamentally usable for making payments compared to Bitcoin, it will not be a very long wait for BCH's supply to be own and its demand will highly be appreciated that can make its price to surge up even more that what it is now.
Bitcoin Cash Doesn't Confuse The Crypto Market.
It was funny to read some arguments from Reddit, Twitter or even in YouTube that Bitcoin Cash was only the confusion for Bitcoin where in fact, Bitcoin was the real confusing one by recognized only to be a digital gold while Bitcoin Cash was meant to be what's on the white paper of Satoshi Nakamoto - to be a digital cash for a peer-to-peer transaction.
They say BCH was confusing because they can't ignore now the fact that BCH can potentially flip Bitcoin if the white paper of the real Bitcoin will be out reference.
Ending Statement About Bitcoin Cash.
Bitcoin Cash has been around for more than 3 years now and is constantly and actively proving its worth and potential to the public.
BCH will continuously be more adopted in other parts of the world and its price will keep on skyrocketing in the next coming months and years.
Learning source:
Alam mo yung bout IPO listings ng BCH projects? Possibly mag $4k or more ulitn yan kpg makitaan ng potential ang BCH ng investors