Bitcoin Cash (BCH) Price Analysis: Bitcoin.com’s Roger Ver Is Waving The Magic Wand For Mass Adoption Of Bitcoin Cash

Bitcoin Cash forked from Bitcoin in 2017 and has never looked back since then. The hashing algorithm used by the currency is influential enough for the traders to believe in the long term success of the BCH coin. Bitcoin Cash is far behind its parent crypto Bitcoin but has surely created a visible divide in terms of the followers of each currency. The recent news on finding a bug just before the upgrade announcement has affected the price movement slightly yet BCH token continues to move upwards as reflected in the market data.

Current Statistics:

• Bitcoin Cash is ranked at the 4^th position in the top 100 cryptocurrencies list
• As on May 20, 2019, at 03:44:02 UTC, the market cap of the coin is 7,501,700,018 USD
• The price is trading at 421.65 USD &0.05239775 BTC
• The 24 h volume has been 3,061,276,790 USD
• The ROI of the coin stands at -27.81%
• The total supply and circulating supply of BCH is same & equivalent to 17,791,725 BCH

Comparison:

In the past 30 days, the price of the Bitcoin Cash has moved between the range of 443.68 USD and 232.91 USD. The value of the coin reached a high of 443.68 USD in the last 7 days and dipped to almost 340.84 USD. The market cap of BCH was recorded at 5,454,031,495 USD as on April 20, 2019, at 01:34:02 UTC. The price was trading at 307.49 USD & 0.05809067 BTC and 24 h volume was 1,384,354,946 USD. There has been an upward trend of over 37% in the past month. The first resistance level will be noted at 447.91 USD in the next 30 days.

Bitcoin Cash Price Prediction until 2020:

Bitcoin Cash has the potential to reach as high as 4,355.62 USD as in December 2017. The coin has been moving upwards continuously since April after recording a sideways trend for a few months. In fact, BCH has grown over 3X times from its value in January 2019. The coin has the potential, confidence from the CEO Roger Ver and immense support from the community to reach up to 1000 USD by the end of 2019. The price can go as up as 10,000 USD in the next 2 years as per Bitcoin Cash predictions.

Conclusion:

Bitcoin Cash is here for a long-term game and is going to give a tough fight to its competitors in terms of technological features. The mining of BCH is highly advisable now and fruitful in the future.