Positive predictions are heating up on the month of may
As bitcoin having drop from a record high on the month of april BCH is on the opposite side as it was having an increase on later week of april and still having an increase on the 1st week of the month of may.
As the nearing network upgrade on may 15, Bitcoin cash(BCH) is having a blast over the past few weeks and making another historic rise and making analysts to say that it might be possible that it will retake its record high on 2017 if the rise continues.
Bit coin Cash has been gaining a lot this week and currently sitting on 9th place on CoinMarketCap, and on a 53% increase on just 7 days, and have a 24 hour high of $1,474.29 as of may 5.
due to the rising price some of proponents and organization are having their positive predictions on the month of May and some of them are predicting that it might be retaking its record high
Here are some predictions:
InvestingCube suggests that if BCH can hold itself above $1,320, the coin could potentially return to its 2018 glory.
Now BCH is currently above the InvestingCube predictions, and we are just on the early week of may, so BCH has a high chance to continue it rise in price before the end of the month.
The Economy Forecast Agency is predicting that price will rise at $4807 on the month of december.
base on DigitalCoinPrice predictions Bitcoin cash(BCH) is a profitable investment in the near future and predicting that BCH will close out at $2,032.91 USD(2021) up to $6,392.17 USD(2028)
and PrimeXBT is predicting a slow gain over the next few years. as they were predicting that 2021 will only reach $456 – $850 and will reach $1,200 – $3,600 on year 2025.
as of today, every crypto enthusiast will assume a price drop as it was a traditional dump week, but if the BCH will keep stable and stay on its current price, it is most likely to continue its rise as we are close to a network upgrade on 15th of may.
We are just on early week of may and expecting a slightly drop but still on the positive side as the predictions are having a good results in just 1 week.
being much cheaper and much easier to do transactions and lower fees, BCH is a much better option to do an investments, it might be the main reason why BTC are having a drop and BCH are getting a good increase but the possiblities of droping of price cant be set as aside, but as we are having a good week as my own opinion we can assume that it is still a good investment.