Bitcoin Cash Price Prediction 2023-2031
[BCH Price Prediction 2023 – up to $262.40](#Bitcoin-Cash-Price-Prediction-2023) [BCH Price Prediction 2025 – up to $469.58](#Bitcoin-Cash-Price-Prediction-2025) [BCH Price Prediction 2028 – up to $742.76](#Bitcoin-Cash-Price-Prediction-2028) [BCH Price Prediction 2031 – up to $1,994.14](#Bitcoin-Cash-Price-Prediction-2031) Bitcoin Cash (BCH) is one of the oldest and most well-known digital currencies that trade every crypto exchange.Bitcoin cash began its journey when it was forked from Bitcoin in 2017.You can easily buy Bitcoin Cash.But are you ready for this? It’s time Bitcoin Cash steals the show from Bitcoin, like in 2017.Let’s see how this Bitcoin Cash price prediction can help you with crucial decisions.
Transactions queued up on most platforms, waiting for confirmation because blocks could not handle the increase in transaction size.In order to battle this, Bitcoin Cash increased the size of blocks to between 8 MB and 32 MB, thereby enabling the processing of more transactions per block.
With a less than one penny transaction cost and the potential to process over 100 transactions per second, Bitcoin Cash is a better viable payment platform.Bitcoin Cash can handle around 25,000 transactions per block.In comparison, Bitcoin processes 1,000-1,500 transactions per block.
Bitcoin Cash is also considered a safe investment that – despite its bigger blocks – hasn’t been hacked since it was launched..
The downside is Bitcoin Cash doesn’t have the same adoption, acceptance, or demand level as Bitcoin, so investing in the coin for trading may not be a good option.BCH is never at the base of any trading pairs like BTC is, nor does it have anywhere near the level of market cap or price per token.Weighing these considerations, go through our BitcoinCash price prediction and determine whether BCH is a good coin to add to your investment portfolio.
Today’s Bitcoin Cash price today is $119.20 USD with a 24-hour trading volume of $175,535,287.Bitcoin Cash is down 1.94% in the last 24 hours.
The current CoinMarketCap ranking is #30, with a live market cap of $2,287,925,213.It has a circulating supply of 19,193,881 BCH coins and a max.supply of 21,000,000 BCH coins.
Let’s look at Bitcoin Cash fundamentals to know more about BCH and determine whether to include the coin in your crypto portfolio.
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What is Bitcoin Cash?
Bitcoin Cash cryptocurrency was created due to a hard fork from the Bitcoin network in 2017.
Due to a rise in popularity of Bitcoin among investors, its network got congested, sparking debates on how to solve this issue.
The idea of increasing block size limits was proposed.
However, this caused a divide in the developer and miner community, which resulted in a new
blockchain being split from the existing Bitcoin blockchain.
Therefore, the Bitcoin Cash blockchain was created and distributed to every BTC holder for free.
Bitcoin Cash is one of the most popular Bitcoin blockchain forks wherein the transaction cost is low.Since then, Bitcoin Cash’s value has reached an all-time high of $4,000 during the 2017 bull run.
Observers noted that Bitcoin Cash also does not have a clearly-defined governance protocol.While other cryptocurrencies, such as Dash and VeChain, have innovated and outlined detailed governance protocols that assign voting rights, the development and design of Bitcoin Cash seem to be centralized with its development teams.Let’s learn more about the Bitcoin Cash price prediction, history, & future of Bitcoin cash.
Later, in 2018 Bitcoin Cash had another fork, resulting in the creation of Bitcoin Cash and Bitcoin SV.
Additionally, in 2020 a second major hard fork created Bitcoin Cash ABC.
Bitcoin ABC and
Bitcoin SV did not manage to gain much popularity.
However, these coins are still available on practically every major cryptocurrency exchange.
Since its creation in 2017, Bitcoin Cash has seen a market cap of over $60 billion during the 2017 bull run.Right now, it trades just below the $10 billion caps after finding minimum value support at $200 last year.
After that, it regained some bullish momentum and returned above $1,000 in May.Bitcoin Cash price is equal to $577.
Like Bitcoin mining, the Bitcoin Cash network uses something called ASIC miners to validate network transactions in mining, with various Bitcoin miner pools distributed across the world.
Due to increased block size, BCH is harder to mine since it requires more energy per block.
Additionally, BCH was the first of all cryptocurrencies to introduce and effectively test the Segregated Witness (SegWit) upgrade, which separates the transaction data to allow more transactions to be sent at once.
Another advantage that BCH has over Bitcoin is developing smart contracts by using CashScrypt.
Bitcoin Cash Price History
Bitcoin Cash currency traders have seen massive volatility over the past weeks.
However, first, let’s look at the BCH value over the past years.
As we can see on the long-term chart, the coin price increased to $4,000 during the bullish trend in 2017.
Over the first weeks of 2018, the BCH price moved significantly lower with the Bitcoin price until support was found at the $600 mark.
BCH regained some of the retracement and reached a local several-day price high of $1,800.
Over the second half of 2018, the Bitcoin Cash forecast price became even more bearish as analysts predicted a complete crash.
At the end of 2018, the lowest point was finally reached at $62.
A brief push higher followed, with a further consolidation range established between the $200 support and $450 resistance, where the coin spent the second half of 2019 and 2020.
On the technical chart for BCH over the past year, we saw that the price action had turned bullish after breaking through resistance around $36 at the end of 2020.
The price of the cryptocurrency asset saw increased demand, leading to a test of the $600 mark.BCH/USD retraced and retested the $360 previous resistance as support.
After some consolidation, the crypto market reversed and started moving higher in February.
After several weeks of bullish momentum, a new high of around $750 was reached, meaning a clear medium-term higher high was made.
In May, the entire cryptocurrency market was at its peak, and BCH crossed $1,000.Cryptocurrencies like bitcoin cash, bitcoin, and litecoin boosted in early October when US Bank, the country’s fifth-largest retail bank, first offered a cryptocurrency custody service with assistance from sub-custodian NYDIG for fund managers to store their private keys.
Later in October, a leading ETF provider launched the first Bitcoin-linked service in the US.Pro Shares Bitcoin Strategy ETF (BITO) gives investors the chance to take their bitcoin returns through a brokerage account.
The volatility of coin pricing was demonstrated in November 2021 when a
fraudulent press release stating that supermarket major Kroger would accept the coin during the holiday season caused a price spike of 4% in 15 minutes.
Is this recent dip an opportunity to buy into the cryptocurrency before it resumes its upward trend, or is there potential for the price to fall further?
Nevertheless, depending on how the cryptocurrency market responds to various forces, BCH could prove to be a profitable asset or not in the future.Individuals considering this coin an investment option should do their due diligence before engaging the market
Bitcoin Cash New developments
The BCH platform has witnessed relatively slow growth rates over the years, with minimal changes on the platform.
However, development is key in ensuring growth within the crypto space.A project known as Anyhedge is a Bitcoin Cash-centric project that seeks to ensure the execution of smart contracts following its release; close to 300 onchain smart contracts were created, which led to more than $32000 being successfully hedged.
The recently released project allows users to mitigate risks and bet on the future price of Bitcoin based on their understanding of future price projections.
Individuals can buy Bitcoin cash and take a long position as long as their Bitcoin cash price forecast is optimistic.The Anyhedge is among the few projects that have been built around the BCH ecosystem.
Bitcoin Cash Technical Analysis
Bitcoin Cash is in a falling trend channel in the short term, and investors have accepted lower prices over time to sell off their assets to avoid further losses.This signals increasing pessimism among investors and indicates a further decline for Bitcoin Cash.
BCH has support at $95.00 and resistance at $106.A further drop in price below the support level could spark even more sell-offs.The crypto is assessed as technically unfavorable for the short term.
Similarly, Bitcoin Cash is in a falling trend channel in the long term.The coin is experiencing a negative development and a decrease in buy interest among investors, as indicated by dropping trends in the market.There is no support in the price chart, and a further decline is predicted in the long run.In case of a price reversal, the BCH has resistance at $160.If the bulls support the coin above the resistance level at $160, we could be set for a bullish market.
Otherwise, more bearish runs await.
Bitcoin Cash Price Predictions by Cryptopolitan
The cryptocurrency market has continued to experience a sustained period of poor performance, even though some coins made gains in the turbulence.Bitcoin Cash has also had its fair share of a downturn in market value.The price of BCH has dropped by over 15% in the past three months and about 10% in the last four weeks, signaling that the coin is in a dip at the moment.
Despite the sustained market downturns, Bitcoin Cash has solidified its place as one of the most transferred assets given its large whale-tier transactions, according to IntoTheBlock.What does the continued interest mean for the coin’s valuation in 2023 and beyond? With the current bearish price movements, is this the best time to buy Bitcoin Cash? To provide some more perspective into the market performance of BCH, here are our Bitcoin Cash predictions for 2023 – 2031.
Bitcoin Cash Price Prediction 2023
Our Bitcoin Cash price prediction 2023 is a maximum of $262.40.Investors can expect the price of BCH to be around an average of $252.80 and a minimum of $219.21.A turnaround in the cryptocurrency sector is anticipated for the first quarter of 2023.
In that case, the forecast prices might be within reach.
Bitcoin Cash Price Prediction 2024
Our Bitcoin Cash price prediction 2024 assumes a continuation of Bitcoin’s ascent, with the coin’s value topping out at $371.74.We anticipate a minimum price of $301.34 and an average value of $357.44.
The spread between the highest and the lowest prices for Bitcoin Cash keeps widening.The growing disparity portends more significant price swings in 2024.
Bitcoin Cash Price Prediction 2025
According to Bitcoin Cash price prediction 2025, the maximum price of BCH is $472.92.Investors can expect BCH to have an average price of $434.60 and a minimum of $393.95.As the price of Bitcoin Cash rises in response to increasing demand, the coin’s trading volume is expected to rise dramatically.Bitcoin Cash’s platform infrastructure token makes cheaper and quicker transactions possible, which could propel the coin’s price.
Bitcoin Cash Price Prediction 2026
According to our Bitcoin Cash price prediction 2026, the coin’s value will reach a maximum price of $469.58.
Investors can anticipate the price of BCH to trade at a minimum price of $393.95 and an average price of $434.60.
Bitcoin Cash Price Prediction 2027
Our Bitcoin Cash price prediction 2027 is a maximum of $560.78.
The BCH price should be around an average of $521.13 and a minimum of $485.91.With increased adoption in 2027, BCH could approach the $600 mark.
Bitcoin Cash Price Prediction 2028
According to our Bitcoin Cash price prediction 2028, the coin’s market price will reach a maximum value of $742.76.We anticipate that BCH’s price will be between a minimum of $690.33 and an average of $735.73 throughout the year.If the uptrend from the previous years persists, the predicted exponential increase for 2028 can be achieved.
Bitcoin Cash Price Prediction 2029
Our Bitcoin Cash price prediction 2029 expects BCH to hit $1,000 for the first time since 2021, leaving the maximum price of the coin at $1,073.72.
The forecast minimum and average price for 2029 are $997.18 and $1,034.06, respectively.
Bitcoin Cash Price Prediction 2030
According to our Bitcoin Cash price prediction 2030, BCH will reach a peak market value of $1,472.74 by the end of the year.The minimum price estimate for BCH is $1,472.74, while the average price is $1,447.05.
Bitcoin Cash Price Prediction 2031
According to our Bitcoin Cash price prediction 2031, the value of this cryptocurrency is expected to increase to a maximum of $1,994.14 by that year, which is approximately 20 times its current market price.Based on our Bitcoin Cash price analysis, BCH’s expected minimum and average price will be $ 1,918.86 and $1,982.72, respectively.
Wallet Investor Bitcoin Cash price prediction
According to Wallet Investor, the market price of Bitcoin Cash will fall to $3.137 by 2023.This is a significant drop from its current level.Therefore, they consider it to be a bad long-term investment.
Cryptopredictions.com Bitcoin Cash price prediction
The Bitcoin Cash price forecast from Cryptropredictions.com expects slow and steady growth for BCH, indicating a consistent rise in the price of the crypto.
The forecasts show the token could trade at an average price of $135.690, a maximum price of $169.613, and a minimum of $115.337, by the end of 2023.Based on their price analysis, BCH coin could reach a maximum price of $275.727 by the end of 2025 and $312.198 by the end of 2026.
Technewsleader Bitcoin Cash price prediction
Technewsleader predicts a BCH trading range of $153.03 to $186.83 in 2023.By 2025, they expect a minimum market price of $316 and a peak price of $382.90.The predictions for 2028 expect BCH to shoot past the $1,000 mark to reach a maximum value of $1,121.69.By 2031, the forecast trading range for Bitcoin Cash is $2,958.61 to $3,465.01.
Bitcoin Cash Price Predictions by Industry Influencers
According to HueFin News, Bitcoin Cash has continued to trend downward for weeks and months.However, he suggests that BCH could reach a price target of $110.86 soon.
The Bitcoin Cash movement is a result of its separation from the Bitcoin team in a quest to make a better blockchain network that can achieve the fundamental goals of Bitcoin, such as being widely used as a currency.The idea led to the development of Bitcoin Cash, a cryptocurrency that settles transactions in a much faster and more affordable way compared to its parent, Bitcoin.
Despite achieving some of its goals, the platform has failed to earn individuals’ trust compared to Bitcoin.
According to many crypto industry experts, Bitcoin Cash networks provide mixed emotions for many.Several critics of the platforms encourage crypto enthusiasts to
sell bitcoin cash.However, a solid online community supports the ecosystem and its projects, making it a largely acceptable cryptocurrency.
According to Kim Dotcom, “The global markets will crash very hard.Banks invest the majority of customer deposits (your money) in stock markets.Soon you’ll not be able to withdraw your funds.Banks & ATMs will have daily withdrawal limits like in 2008.
This is when crypto UTILIZATION takes off.
The current crypto crash is like the Dotcom bubble.Most crypto projects will disappear.A few will survive.
Those that become the most utilized for payments will strive.
I believe #BitcoinCash is one of them.My favorite for utilization.”
The future price of Bitcoin Cash is difficult to predict, as different analysts hold different points of view.Some experts think it has excellent growth potential in a world where digital payment methods and cryptocurrencies are gaining popularity.
Conclusion
Bitcoin Cash is a highly rated cryptocurrency with proven market resilience.This stance is further backed by recent developments in Canada, as several provinces
placed a yearly net buy limit on all cryptocurrencies, excluding Bitcoin Cash and three other assets.
As a cryptocurrency with great fundamentals, Bitcoin Cash potentially could someday go to the moon again.
But that will depend on the crypto market’s behavior in the coming months.If the crypto market continues to follow its trajectory from 2017-2021, then BCH will have growth potential and be a good investment.
When considering investing in Bitcoin Cash, it’s important to stay abreast of developments in the market and not just depend on Bitcoin Cash price predictions.Monitor the trading price, support, and resistance levels to make an informed decision.
Despite the overall positive outlook of our Bitcoin Cash prediction, there are still several issues investors should consider.Regulation is a significant factor most experts agree will affect cryptocurrency prices soon.
Since its inception, the adoption of Bitcoin Cash has increased steadily.In June 2022, BCH received a significant boost as a renowned crypto exchange, Bitcoin of America, made the token accessible on its crypto ATMs across the U.S.Such developments reflect an unwavering interest in the Bitcoin hard fork.In the coming years, BCH network developers will roll out new features that we believe could further fuel interest in Bitcoin Cash, thus positively impacting its value.
Nevertheless, depending on how the cryptocurrency market responds to various forces, BCH could prove to be a profitable asset or not in the future.
Individuals considering this coin an investment option should do their due diligence before engaging the market.
If you want to buy BCH, it’s worth checking out some of its top cryptocurrency platforms.Some of these include
Binance, Coinbase, Huobi Global, and eToro.We strongly advise you to conduct your research and analysis before investing in cryptos.It’s important to understand that the crypto market is a high-risk zone, and crypto traders are susceptible to losing money rapidly.Never invest more than you can afford to lose.
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