Bitcoin Cash Price prediction 2020
2020 for BCH began on a bearish note. The cryptocurrency was trading at around $190 per coin. However, BCH was bullish for most of the first quarter. The price grew from the sub-200 level to surpass $300 by March.
To further the Q1 gains, BCH progressed to touching $400 by the beginning of February and later $500 in the middle of the month.
A sharp price decline set in in March and BCH crashed to around $150. The crash proved fatal and BCH is still recovering from the loss accrued since then.
2020 might prove to be a remarkable year for Bitcoin cash as we expect many innovations and developments. The Bitcoin Cash community is planning on testing a beta Telegram tipping bot “Tipmebchbot”. This bot enables Telegram users to tip other users using BCH. With this development, 2020 might the price surge and by the end of the year, BCH might reach $1000 USD.
Bitcoin Cash Price Prediction 2021
By 2021, the price of Bitcoin Cash may skyrocket to highs unimaginable. The price may be hovering around $1500-$2000 per unit by mid 2021. According to technical analysis, the coin is set to rally alongside BTC during the next bull market. If a successful bull market is launched later this year, then this may escort BCH price to as high as $2500 by the end of year 2021.
Bitcoin Cash 5 Years Price prediction
Bitcoin Cash will go through a number of developments in 5 years. As Bitcoin is the parent of BCH, it is certain that BCH can’t blackout. The future projects and developments might most probably link to that of bitcoin’s performance. By analyzing the roadmaps, it is estimated that Bitcoin Cash might reach $5000 USD by the end of 2025
Bitcoin Cash Market Prediction
TradingBeasts predicted that for 2020, BCH price can increase as much as $5,635.44 and be as low as $3832.10.
DigitalCoinPrice predicts that Bitcoin Cash will trade at $500 by the end of 2020 and will increase to $1100 by 2025.
Our Bitcoin Cash Price Prediction
Overall, the majority of crypto markets seem to be in a good place right now. Currently, if you are investing in Bitcoin cash keep in thought that Bitcoin cash would also simulate the drift in Bitcoin. During a bearish point in Bitcoin, BCH would also move in the same way briefly. Bitcoin cash is rising up a lot quicker than all of its market cap competitors. An exert to $2000 seems likely, reaching $4000 will cause a very different set of challenges.
Bitcoin Cash Influencer Prediction
Roger Ver believes that BCH price will double itself in the upcoming year.
Bitcoin Cash News
BCH Development Team Plans To Implement “Storm”
With the new Storm implementation, weak blocks are linked to the strong blocks, thereby allowing 0 confirmation verification of transactions. Once this feature has been implemented on the BCH network, instant transactions using digital assets will be possible.
Cashscript Implementation
Cashscript is a high-level programming language. Using this for smart contracts on the BCH network is going to be easy. Smart contracts were the essence of the Ethereum network.
Graphene v2
This is a feature under development that mainly focuses on improving the performance of the Graphene protocol. The implementation of this will happen in two different phases. In the first phase, the performance of the Graphene protocol will get a boost. By improving the performance of the existing protocol, the speed would be significantly improved.
Vitalik Buterin to use Bitcoin Cash blockchain
Recently, Ethereum co-founder Vitalik Buterin announced to use Bitcoin Cash blockchain as a temporary scalability solution for the Ethereum network.
The Ethereum community has been working on Ethereum 2.0, a major network upgrade that is expected to come in early 2020. Buterin suggested incorporating other blockchains as a new option for improving Ethereum scalability in the short term.
In particular, Vitalik claimed the Bitcoin Cash blockchain is a perfect match for this purpose as BCH provides a data throughput of around 53 kilobytes (KB) per second.
👍