Launched on August 1, 2017, Bitcoin Cash was made to solve the two main problems of bitcoin which were scalability and transaction fee. It can able to process a much higher number of transactions and has a lower transaction fee compared to bitcoin. Also, it is more lucrative therefore prompting miners to shift from BTC to BCH in which adds to its growth. Its coin which was launched with a price of $250 had a surprising increase of about $651 on the next day.
Bitcoin Cash (BCH) and Crypto Market Trends
Due to the ups and downs of the crypto market, it affected many digital assets including BCH as price changes may happen due to many factors such as competitions, regulations, mark sentiments and many more. But as the bear market of last years starts to end, many people are now anticipating what the market holds in for Bitcoin Cash predictions 2019.
Bitcoin Cash (BCH) Forecast
Crypto enthusiasts have now made a prediction for Bitcoin Cash in which most of them have a positive expectation for its markets. Some of them are Trading Beast wherein they predict that its price will increase to $2703 by the end of the year, Smartereum says that it will reach up to $6700, and Us Lifted predicts that BCH’s value will peak to $9735 by the end of 2019. All of these predictions hold a positive outcome for its market value making it a perfect investment in 2019.
Bitcoin Cash (BCH) Adoption Towards 2020
Due to these reasons, Bitcoin Cash may seek for worldwide adoption and be able to give businesses a solid foundation to depend on. It may even have a partnership with global organizations while also have added features such as timestamping, complex transactions scripting, and tokens. It might have a marginal increase and reach as high as $2k USD level. 2019 will be indeed a good year for BCH as many positive outcomes are on its way which will even continue to the year 2020.