In this article we’ll remember the main facts about BCH and check Bitcoin Cash price predictions provided by crypto analysts. Bitcoin Cash (BCH) is a cryptocurrency that appeared in 2017 as a fork of Bitcoin. The main difference between BTC and BCH is the block size, which was changed from 1MB to 8MB. That helped to deal with an increasing number of transactions. Developers say that a fork was necessary because Bitcoin started to act more as an investment asset rather than payment means. However, developers of BCH believe that their cryptocurrency has an opportunity to be adapted in the same way as money.
BCH runs on a protocol similar to Bitcoin:
- SHA-256 hash calculation algorithm
- Remuneration system and consensus Proof of Work
- Max supply is 21 million coins
But there are several key differences:
- The main difference is the 8 times increased block size
- The complexity change scheme is different: it does not change every 2016 blocks, as in BTC, but every 6
BCH coin statistics
Let’s look at coinmarketcap.com to check the main information about BCH coins. According to this source (as of 04/12/2020):
- BCH price is $288.27
- Market capitalization is $5 358 990 034
- Volume (24h) $2 439 206 340
- Circulating supply is 18 590 244 BCH
- Total supply is 18 590 244 BCH
- 24 Hour High $305.75
- 24 Hour Low $282.22
The main goal of the Bitcoin Cash team is to make BCH as popular as fiat money that can be adopted all over the world. They believe that this kind of technology may bring a different understanding of freedom to people everywhere.
So far they plan:
- to make block processing scalable
- to lower fees
- to increase block size up to 1TB
- to find a better transaction format
They are working on:
- faster block propagation
- cheaper transactions
- near-instant security for merchants
- more basic opcodes
Crypto experts about BCH
The appearance of Bitcoin Cash became a significant event, and all its future development got a vivid reaction on Twitter.
BCH also receives a lot of criticism from the Twitter community.
BCH price prediction 2020
The price of Bitcoin Cash in December 2018 reached $3,000, but one year later in December 2019 it dropped to $100. Let’s apply to expert opinion to find out what the Bitcoin Cash price may be expected in 2020.
TradingBeasts has the following BCH price prediction (as of 07/07/2020):
Minimum BCH price for 2020: $145.168
Maximum BCH price for 2020: $245.091
Average BCH price for 2020: $184.586
Mid-year BCH price 2020
Minimum Bitcoin Cash price expected: $166.662
Maximum Bitcoin Cash price expected: $245.091
Average Bitcoin Cash price expected: $196.073
Year-end Bitcoin Cash price predictions 2020
Minimum expected: $145.168
Maximum expected: $213.482
Average expected: $170.785
According to the Walletinvestor the Bitcoin Cash price 2020 will be the following (as of 07/07/2020):
Maximum BCH price for 2020: $764.210
Average BCH price for 2020: $119.105
Mid-year Bitcoin Cash price 2020
Maximum BCH price expected: $481.579
Average BCH price expected: $108.483
Year-end Bitcoin Cash price predictions 2020
Minimum expected: $48.886
Maximum expected: $764.210
Average expected: $348.748
Let’s look at the Digitalcoinprice BCH coin price prediction (as of 07/07/2020):
Minimum Bitcoin Cash price 2020: $415.46
Maximum Bitcoin Cash price 2020: $561.06
Average Bitcoin Cash price 2020: $486.62
Mid-year BCH price 2020: $472.67
Year-end BCH price prediction 2020: $557.56
Here is the Bitcoin Cash price prediction 2020 by Longforecast (as of 07/07/2020):
Minimum BCH price 2020: $197
Maximum BCH price 2020: $270
Average BCH price 2020: $234
Mid-year Bitcoin Cash price 2020
Minimum BCH price expected: $228
Maximum BCH price expected:$269
Average BCH price expected: $249
Year-end BCH price predictions 2020
Minimum Bitcoin Cash price expected: $197
Maximum Bitcoin Cash price expected: $252
Average Bitcoin Cash price expected: $225
Crypto-Rating has the following Bitcoin Cash price prediction (as of 07/07/2020):
In six months: $278.45
By January 1, 2021: $351.59
The next Bitcoin Cash price prediction is based on information from CoinPriceForecast (as of 07/07/2020):
The forecasted Bitcoin Cash price at the end of 2020 is $322, and the year to year change +58%.
The BCH price in the middle of 2020: $222.
Let’s check the Bitcoin Cash price predictions from Twitter.
On January 22, Jiang Zhuoer (BTC.TOP CEO) posted on Twitter link to Infrastructure Funding Plan for Bitcoin Cash. Vin Armani (CounterMarkets Co-Founder and CoinText CTO) replied on that Funding Plan:
“My intuition is that not only will this cartel initiative go as planned, but that it will result in solid price gains for BCH and go down as one of the most important innovations in Bitcoin.
Voluntary, time-constrained, free market solution to one of Bitcoin’s greatest problems.”
Crypto enthusiasts and traders also make their Bitcoin Cash price predictions and discuss BCH coin on Twitter. Cryptotrader @TheMattMan5 thinking about the BCH price pump up to the BTC price: “If for whatever reason $BCH pumps to the price of $BTC like the last bull run, I’m prepared. Are you?”
Bitcoin Cash supporter @BCHcain noticed the correspondence between the Bitcoin price and BCH price: “BCH price today is where BTC price was in 2015. But instead of capping the blocksize at 1MB, BCH is building to enable as many on chain txs as needed. Bitcoin Cash is shooting for the stars while BTC stopped at the moon.”
Bitcoin Cash price prediction 2021
In 2021 BCH is expected to stay in the corridor $600 – $900. Other analysts are a little bit less optimistic. They see it go no higher than $250. Longforecast predicts 2021 to be even harder on BCH. According to this resource the price should go below $100. It is hard to make a forecast based on the past of Bitcoin Cash. Before 2021 we see a lot of price changes that were stimulated by different reasons.
BCH price prediction 2025
Bitcoin Cash is expected to go through improvement during the next several years. The most optimistic prognosis sees the price of BCH go up and stay between $900 – $1000 in 2025. WalletInvestor gives a wider range of prices for Bitcoin Cash in 2025. It supposes the prices from $50 to $500.
Historical price analysis of BCH
The Bitcoin Cash price had its highs and lows. Let’s take a look at them.
- All Time High is $4 355.62 (Dec 20, 2017)
- All Time Low is $75.03 (Dec 15, 2018)
Since the beginning of the year Bitcoin Cash price has increased by 36,9%. It is expected to continue showing stable growth. Probably repeating the main trends of this year.
On November 15 BCH had a hard fork that resulted in a price decrease by 5%. However, by the 20th of November, the price bounced back and hit $304.
BCH price had a couple of interesting moments. In December 2017 its price suddenly leaped in 90 minutes. It was selling for $1 895.89, then hit $2 353.65. This increase made Bitcoin Cash popular with investors and exchange services.
Bitcoin Cash forked from Bitcoin in August 2017. It started from $200 for 1 BCH. Within one month it exploded to $1,000 and fell back. This happened several times in one year. Until it reached its absolute peak of $4,091 in December 2017.
2018 was an unsuccessful year for Bitcoin Cash. Its price fell by 94% within one year. BCH started 2018 at $2 359.30 and ended at $148.66.
In 2019 Roger Ver suggested that BCH price would be 2 times higher to the end of the year. He also explained his attraction to Bitcoin Cash:
Brian Kelly, a CEO of an investment company (BKCM LLC), was satisfied with the development of BCH, he said: “That’s how blockchains gain value. You’re going to be getting more use cases to the extent that usefulness translates into value. That could be a positive for Bitcoin Cash.”
Technical analysis from several resources (tradingbeasts.com, walletinvestor.com) predicted a significant growth up to $1900 — $2800. In 2019 BCH became more valuable than ETH.
As we can see the Bitcoin Cash price predictions are quite different. But BCH is still in the top 10 of coins by cryptocurrency market capitalization, so it’s still one of the most popular crypto assets for trading and holding! It is very important to remember that this variety of prices has a lot to do with the volatility of cryptocurrency. They very much rely on human factors and thus can change their price quickly.
Thank you for your attention to this topic. SimpleSwap would like to remind you that this article has informational purposes only and does not provide advice on investment. All investments are your personal responsibility.