This title (paraphrased) is from a cryptocyrrency website I am often visiting "The Currency Analytics". I give the link at the bottom of this post, since it is what I also see in the charts as very possible to come true.
What I see is also a natural increase in the price of Bitcoin Cash attained by the increase in users. For this we have to thank the dev of noise.cash and read.cash and Marc De Mesel that had the foresight to perceive how an increase in Bitcoin Cash users will affect positively the price in the spot markets.
Due to the price being still relatively low when considering the market phase and the effect the bull run had to other cryptocurrencies it can be expected that growth for Bitcoin Cash will be substancial with a second wave of the bull market.
The great restart of the bull run
Can we think though that the bull run has restarted? Again we are not in the position to be very optimistic, but after a very long time of Crypto prices showing strenth at support levels in all June and July we can be hopeful.
There were some signs in the chart and a short squeeze was conceivable when looking at the numbers carefuly and the change of sentiment in the environment.
Crypto was moving again and now what remains is the final part of the bull run that started in 2020. The ending with a glorious increase of price that will once again reach abstract and unimaginable numbers.
Over and over again we watch Bitcoin making these waves and since 2016 the altcoins have been also following with historical relation to BTC price fluctuation.
At least for the nonce there is no changing in the cryptocurrency assets correlation to BTC, thus this is the decisive factor. BTC is rising again and directs the rest of the market upwards.
Bitcoin Cash has this one opportunity
For Bitcoin Cash, it is not unimaginable to reach ten times higher valuation. It is within reach to have BCH at a price of $ 5,000 and also a fair estimate for the context of this market.
It is a cryptocurrency backed and respected by the rest community. Most in the crypto arena do not appreciate the maximalists calling everything else besides BTC a scam. This creates friction and toxicity in the community. This is also a reason Bitcoin Cash is well respected in the general crypto community.
As an investment this is one to be looking forward to produce excellent outcome. The chances are great and the price is still in a very early stage. Out of all the top coins Bitcoin Cash has the best chance for maximum returns.
Bitcoin Cash is a proven advanced version of Bitcoin, the best option for digital currency. Takes just a second or less to spend Bitcoin Cash, and nearly zero fees.
The decentralized dream Satoshi had is carried on with the Bitcoin that acts in accordance with the whitepaper.
Bitcoin Cash - A P2P electronic cash system.
