Bitcoin Cash (BCH) was created last year, and it has emerged as one of the most valuable digital currencies in the market. In fact, Bitcoin Cash (BCH) is the fourth most valuable digital currency in the world with a market cap of $15.38 billion.
Last year was very good for BCH and its investors. But can its performance last year continue in 2018 and beyond? This article contains some of the future price forecasts of the digital currency.
What You Should Know about Bitcoin Cash (BCH)
Bitcoin Cash was hard forked from Bitcoin (BTC) in August last year. Bitcoin underwent a hard fork which separated it into two blockchains – Bitcoin Cash (BCH) and Bitcoin (BTC). The digital currency was hard forked from bitcoin due to two major issues faced by Bitcoin – high costs of transactions and scalability.
Historical Price Trend of Bitcoin Cash (BCH)
The value of the digital currency surged from $310 on August 1st last year to $3,656 on the 20th of December last year. This was a growth of about 1000 percent in a space of six months. The digital currency has seen a lot of ups and downs since this year, and just like other coins in the market, its value has also declined.
Bitcoin Cash Price Prediction 2018
Based on the technical analysis of the coin, Walletinvestor.com has predicted that the value of the digital currency will increase to about $2,363 in the next twelve months. Bitcoin Cash (BCH) is currently trading at $883, and this predicted value can be achieved in the 12 months.
Another prediction was made by tradingbeasts.com based on technical analysis. According to the prediction, the value of the digital currency is expected to be within the range of $1930 to $2,838 by the end of this year. This prediction is also achievable as the digital currency has exceeded that amount before in a less than six months.