Bitcoin Cash Price Prediction 2023-2032
- BCH Price Prediction 2023 – up to $215.93
- BCH Price Prediction 2026 – up to $665.49
- BCH Price Prediction 2029 – up to $1,987.16
- BCH Price Prediction 2032 – up to $6,078.12
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.
How much is BCH worth?
Today’s live Bitcoin Cash price is $138.61 with a 24-hour trading volume of $210,168,340. Bitcoin Cash is up 4.80% in the last 24 hours. The current CoinMarketCap ranking is #27, with a live market cap of $2,675,290,555 USD. It has a circulating supply of 19,300,681 BCH coins and a max. supply of 21,000,000 BCH coins.
BCH is +0.48% in the last 24 hours. It is currently -0.29% from its 7-day all-time high of $104.32, and 6.18% from its 7-day all-time low of $97.95. The lower price doesn’t make it a better or more accessible investment since Bitcoin has historically performed much better.
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.
Why is Bitcoin Cash cheaper than Bitcoin?
The main difference is related to the block size of each network. While Bitcoin maintains its 1 MB block size, with Bitcoin Cash, block sizes have grown to 32 MB. This means that transactions on BCH now cost less than a penny and it can process as many as 200 transactions per second.
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.
What’s the difference between Bitcoin Cash and Bitcoin?
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.
Here are some differences between the two:
- 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 processes transactions more quickly and at a lower cost than Bitcoin because it requires less mining power to verify new blocks. This makes the system less secure than Bitcoin
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. Following 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.
The reason that Bitcoin Cash’s technology was rejected by many Bitcoin developers and users is that a larger blockchain (that can support a greater number of transactions and thus cheaper transactions) comes with a key trade-off. A larger blockchain is harder to validate and store on thousands of computers around the world, which are the foundation of Bitcoin’s decentralized nature (such as ensuring that no individual, company, or organization can tamper with Bitcoin’s blockchain at its core). How are things looking right now for BCH?
Some disadvantages of BCH include branding issues, low adoption, and high volatility. While Bitcoin Cash may be a millionaire-maker, one should consider the risk-reward profile of Bitcoin Cash.
Bitcoin Cash is designed to be a transactional cryptocurrency that functions as an electronic cash payment system. BCH offers a solution to Bitcoin’s perceived scalability problem and provides more utility in everyday life — spend it, rather than hold it as a store of value.
Bitcoin Cash Technical Analysis
The upward trajectory of Bitcoin Cash (BCH) is being monitored by investors as the trend channel continues to rise. This is seen as a positive sign, reflecting growing confidence in the coin’s potential and suggesting a continuation of its upward trend. Currently, BCH has a support level at $126.19 and a resistance level at $138. If the price surpasses the resistance, it will likely attract more investment attention. On the other hand, if the price drops below the support level, it may result in a significant sell-off.
The Relative Strength Index (RSI) of 66.29 is considered to be in the “Overbought” range. This suggests that Bitcoin Cash has risen in price rapidly relative to its recent history and is potentially becoming overvalued. As a result, there may be a higher likelihood of a price correction or pullback in the near future.
It’s worth noting that when prices are trading around the upper band of the Bollinger Bands, as in this case, it can indicate that the market is overbought and potentially due for a correction or price decrease. As such, monitoring market trends and considering factors such as support and resistance levels before you sell or buy bitcoin cash is essential.
Bitcoin Cash Price Predictions by Cryptopolitan
The cryptocurrency market has experienced some positive developments since the start of 2023, which has seen Bitcoin hit 23k, and other crypto assets recording gains too. Bitcoin Cash is up by 4.25% in the past week and 37.95% in the past month. With the seemingly bullish price movements, questions have been raised about whether now is the right time to invest in Bitcoin Cash. To gain a deeper understanding of BCH’s market performance, here are our expert predictions for its price trend from 2023 to 2032.
|Year||Minimum Price ($)||Average Price ($)||Maximum Price ($)|
Bitcoin Cash Price Prediction 2023
Our Bitcoin Cash price prediction for 2023 suggests that it could reach a maximum of $215.93. As an investor, you can anticipate the average price of BCH to be around $190.14, with a minimum expected value of $184.91. The cryptocurrency industry is expected to experience a positive shift in the first quarter of 2023, which could make the forecast prices more attainable. In other words, if the cryptocurrency sector improves as anticipated, the estimated prices for Bitcoin Cash could be achievable.
Bitcoin Cash Price Prediction 2024
Per our Bitcoin Cash price prediction for 2024, we anticipate that the maximum value of Bitcoin Cash could reach $319.42. Our forecast includes an estimated minimum price of $268.31 and an average value of $260.71. These predictions are based on the assumption that Bitcoin’s upward trend will continue and will have a corresponding impact on the value of Bitcoin Cash.
Bitcoin Cash Price Prediction 2025
According to the Bitcoin Cash price prediction for 2025, the maximum price of Bitcoin Cash (BCH) is expected to be $465.23. On average, BCH is predicted to have a price of $397.51, with a minimum of $386.78. The increase in demand for the coin is expected to drive up its price and significantly increase its market cap.
Bitcoin Cash Price Prediction 2026
Per our BCH price forecast, the maximum Bitcoin Cash price in 2026 is expected to be $665.49. The average price is estimated to be $577.55, with a minimum price of $557.67. These projections indicate that the value of BCH is expected to rise over the next few years, offering potential investment opportunities for those interested in this cryptocurrency.
Bitcoin Cash Price Prediction 2027
As per our Bitcoin Cash (BCH) price prediction for 2027, the maximum value of the coin is expected to reach $963.65. It is estimated that the average price of BCH will be around $799.39, with a minimum price of $770.51. With the increasing adoption of cryptocurrency in 2027, it is possible that the price of BCH could approach the $1000 mark. This prediction highlights the potential for significant growth in the value of BCH in the coming years, making it a potentially profitable investment opportunity for stakeholders in the cryptocurrency market.
Bitcoin Cash Price Prediction 2028
Per our bitcoin cash price forecast, the maximum price of BCH in 2028 is expected to reach $1,350.95. The average price of the coin is predicted to be $1,172.71, with a minimum price of $1,132.74. These projections suggest that if the upward trend from previous years continues, the exponential increase in value for 2028, as predicted, could be achieved.
Bitcoin Cash Price Prediction 2029
Per our Bitcoin price prediction for 2029, the future outlook for BCH appears promising, with the potential for the coin to reach a maximum price of $1,987.16. In addition to the maximum price projection, we also anticipate a minimum price of $1,673.62 and an average price of $1,720.53 for BCH in 2029. These predictions provide a range of potential outcomes for investors, giving them a clearer picture of the market trends and potential return on investment.
Bitcoin Cash Price Prediction 2030
Our Bitcoin Cash price prediction for 2030 envisions Bitcoin Cash reaching new heights. We anticipate that by the end of the year, the price of BCH will reach a maximum of $2,876.43. Despite the expected volatility in the cryptocurrency market, the minimum price forecast for Bitcoin Cash is still set at a substantial $2,341.62.
The average price for 2030 is estimated to be $2,427.65, reflecting the positive outlook for the growth of the coin. This upward trend of BCH is expected to continue as more individuals and organizations adopt the cryptocurrency, driving demand and increasing the value of Bitcoin Cash in the process.
Bitcoin Cash Price Prediction 2031
Our Bitcoin Cash price prediction for 2031 predicts that this cryptocurrency will reach a maximum value of $4,038.98, which would be around 30 times its current market price. Our analysis estimates that BCH will have a minimum price of $3,430.02 and an average trading price of $3,527.13.
Bitcoin Cash Price Prediction 2032
According to our Bitcoin Cash price prediction for 2032, we expect this cryptocurrency to reach a maximum BCH price of $6,078.12 by the end of the year. Our analysis projects a minimum price of $5,048.19 for BCH and an average price that is estimated to be around $5,224.54. These predictions are based on various factors and trends that influence the crypto market, and we believe that BCH has the potential to achieve this growth in the next 10 years.
Wallet Investor Bitcoin Cash predictions
Wallet Investor predicts that the market value of Bitcoin Cash will experience a substantial decrease, reaching a price of 8.879 USD by the end of 2023. This would result in a drop of 93.47% from its current market price. Based on this outlook, Wallet Investor considers Bitcoin Cash a questionable long-term investment.
Cryptopredictions.com Bitcoin Cash price prediction
The outlook for Bitcoin Cash, as per Cryptropredictions.com, is positive, with a projection of gradual growth. They believe that the crypto’s price will steadily increase, reaching an average value of $155.239, with a potential maximum of $194.049 and a minimum of $131.954 by 2023. The forecast for the next couple of years shows the possibility of the crypto reaching its peak value of $328.244 by 2025 and $375.364 by 2026.
Technewsleader Bitcoin Cash price prediction
According to Technewsleader, the estimated trading range for Bitcoin Cash in 2023 is between $177.69 and $215.71. They anticipate a minimum market price of $379.52 in 2025 and a high price of $455.04. The price predictions for 2028 suggest that BCH will surpass the $1,200 mark and reach a maximum price value of $1,394.56. By 2032, the forecasted trading range for Bitcoin Cash is between $5,121.54 and $6,189.23.
Bitcoin Cash Price Predictions by Industry Influencers
HueFin News discusses the potential for the price of Bitcoin Cash (BCH) to 2x in the next couple of months. He adds that BCH will continue to trend higher, and buyers are currently controlling the price. The resistance level of BCH is around $138; a break through this point could push BCH to $138, $147, $157, or more in the coming days.
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.
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.