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Why I choose to believe more in Bitcoin Cash in this year's market.
I trade a lot in exchanges and at the same time having lots of research about a certain cryptocurrency where I want to invest in. I've witnessed lots of cryptocurrencies, whether it's new or not, consecutively booming and most of them are breaking their all-time highs. Bitcoin (BTC) above $50,000, Ethereum (ETH) attempting again to break its ATH of $1,871.72 and BNB surges from $45.29 to $144.04 just within the first 2 weeks of February, 2021.
But on the other hand, Bitcoin Cash (BCH) is also doing well when it comes to its price. From the start of the year, from $342.05 per BCH, Bitcoin Cash is now above $700.00 but still very far away from its all-time high of $3,721. But even though Bitcoin Cash is very undervalued, I still believe that Bitcoin Cash will be more within this year.
Day by day, more and more people are being aware about Bitcoin Cash and lots of people are being onboarded.
Read.cash and Noise.cash is making a big impact for it's growth by making/creating quality authors that creates quality articles about Bitcoin Cash and onboarding new people to the community. These two platforms are constantly growing its userbase, and it means more and more people will know about Bitcoin Cash.
Bitcoin Cash (BCH) as a peer-to-peer payment for every transactions is actively being represented anywhere in the world by different individuals, mentioning JajaaSB from Thailand, SofiaBCH from Japan, SjBuena from Philippines and all of the authors from #Club1BCH who are actively making their way for a Bitcoin Cash adoption in their place, just to name a few.
And of course, one of the big reasons why this is pursued by the most is because it (read.cash and noise.cash) is being supported by the name of Marc DeMesel, who funded the two platforms with nearly a million dollar.
Like I mentioned above, large caps like Bitcoin, Ethereum and BNB are already showing their potentials and are pumping and breaking highs, but Bitcoin Cash (BCH) haven't yet.
I did mention that BCH grows more than 100% for this month of February but still, that was not all.
In my personal observation and analysis, in the daily timeframe of Bitcoin Cash, it is showing bullish flag trendline which means that the price of Bitcoin Cash (BCH) can go up even more even if it will have some dumps. And this shows me a possibility that in the next couple of months, we will be seeing Bitcoin Cash above the $1,000 mark.
So, as long as we are still not in that place, this is a good opportunity to save, accumulate, buy or invest in Bitcoin Cash. It still early and it will be profitable in the long run if we accumulate more Bitcoin Cash when its still below $1,000.00
I am just normal person who trades cryptocurrencies, writes articles and learn from the articles I read and trying to earn online, and I am not a financial advisor. I am just sharing my personal opinion and hoping that my perspectives can help a little for everyone who reads it.
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