Bitcoin Cash (BCH) is also known as a sister to Bitcoin. It is one of the major and most valued digital currencies in the crypto space. Currently, BCH stands out as the 4th largest digital currency with a market cap of $20.69 billion.
BCH was launched in 2017 to provide faster and cost-effective transactions than its elder brother.
Bitcoin Cash (BCH) Price Today – BCH / USD
The Aspects that Will Drive BCH’s Growth
Scalability issues with Bitcoin. BCH was invented as an alternative to bitcoin’s swelling transaction wait time and charges. The more these scalability problems continue to be challenging to bitcoin, the better the adoption and value of BCH.
The attraction of more miners. BCH seems to be more lucrative for miners compared to bitcoin, hence it is drawing more miners from bitcoin leading to its growth day by day.
Its Close Connection with Bitcoin. The mutual history of BCH with BTC implies it is closely connected with the biggest digital currency in the globe. This gives more trust to BCH investors since the coin is developed on a stable platform.
Availability. BCH is available on several exchanges and backed by many crypto wallets. The ease of access offers BCH credibility and is an integral aspect when defining its demand.
Technical assessment is carried out on a piece of software pegged on historical value and historical transaction volume trends.
Walletinvestor.com has projected BCH price to stand at $2363.42 for a single year. In addition, Tradingbeasts.com have also projected the value of BCH to fall within the range of $1930 to $2838 by end of 2018.
The famous crypto analyst, Roger Ver also known as Bitcoin Jesus has been a big fan of BCH since its launch. Recently, he projected that BTC will be 10-20 times better than its present price, and BTC will be twice valuable within a period of a few years.
Ver feels that BCH is gaining more market since it is the only cryptocurrency that can be deposited and be used like traditional currency, hence it can be employed in our daily life.