According to the latest long-term forecast, Bitcoin Cash price will hit $2,000 by the end of 2021 and then $5,000 by the end of 2023.
Eventually, Bitcoin Cash will a 21 million cap and no more coins will be produced. At this point, miners will instead be rewarded with a small cut of each transaction.
One interesting thing to note is that Bitcoin Cash operates on a scalable difficulty.Another reason why is Bitcoin Cash so low is because of the poor working conditions of its miners.
The economic throughput in the Bitcoin Cash network is at an all-time low. ... With the hash rate dropping by 3% since bitcoin halving, Bitcoin Cash miners receive only 0.05% of revenues from transaction fees.
BCH some more benefits…
* On-chain scalability.
* New transaction signatures.
* Emergency Difficulty Adjustment (EDA)
* Decentralized development.
Interesting Facts About Bitcoin Cash
* Bitcoin Cash (BCH) is a cryptocurrency created from a hard fork of Bitcoin. The fork occurred at block 478,559.
* Anyone who held and was in control of their Bitcoin private keys at the time of the fork automatically became a holder of the same amount of Bitcoin Cash on the new fork various exchanges also honored this ‘airdrop’ to their customers.
* At launch, Bitcoin Cash immediately raised the block size limit from 1MB to 8MB as part of a massive on-chain scaling approach.
* A Bitcoin Cash Visa debit card will be launched soon according to a tweet by Roger Ver on Dec 11th.
* Bitcoin Cash enables virtually instant payments with low fees.
What wallets support Bitcoin Cash?
Various desktop, mobile, and hardware wallets are available to store your Bitcoin Cash. BitcoinCash.org recommends users to use one of their featured wallets like Bitcoin.com’s online wallet, Coinomi, BitPay, Edge, Jaxx, Mobi, Copay, Badger Wallet, Exodus, Ledger, and Trezor. Alternatively, you can store your Bitcoin Cash on a paper wallet.
Bitcoin is the DADDY of cryptocurrencies. I certainly think that Bitcoin Cash has a future, but if it is trying to be ‘Bitcoin’ and continue down this same path that it’s on now, it’s not going to end well.
If you are a Bitcoin Cash fan, then you should try to convince the community that BCH is BCH… it can’t be Bitcoin. And if Bitcoin Cash continues to be an altcoin and not attack Bitcoin, then I don’t think there are any problems.
If people find BCH more profitable and appealing, it could take off, or if it turns out to not offer anything useful to the world, it could just die an unnamed death.
Predicting or commenting on the future of Bitcoin Cash is impossible...