Bitcoin Cash (BCH) is a cryptocurrency that appeared as a result of the Bitcoin hard fork on August 1, 2017, from a block number 478558. Any user who had Bitcoin at the time of the fork became the owner of an equivalent amount of Bitcoin Cash.
The block size in the Bitcoin blockchain does not exceed 1 Mb. With the increase in the number of users in the network, the block size became insufficient and it became necessary to make changes to the network. Two options were proposed as a solution: to increase the size of the block or to remove some of the information out of the blockchain, making room for new operations. In June 2017, the situation became critical, and the blockchain community decided to compromise on the introduction of the new SegWit2x protocol, which removed some of the information from the blockchain, and also should increase in the future blocks to 2 Mb. 95% of miners voted for it.
A group of developers led by Facebook ex-engineer Amory Szechet was in favor of maintaining the previous structure by increasing the blocks to 8 Mb. They brought this idea to life, on August 1, 2017, having separated from the Bitcoin blockchain and named the new cryptocurrency Bitcoin Cash coin.

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

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

TradingBeasts, 07/07/2020

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

WalletInvestor, 07/07/2020

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

DigitalCoin, 07/07/2020

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

Longforecast, 07/07/2020

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

Crypto-Rating, 07/07/2020

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.

CoinPriceForecast, 07/07/2020

Let’s check the Bitcoin Cash price predictions from Twitter.


Vin Armani

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.”

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!

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.