Bitcoin Cash price predictions 2018. Bitcoin Cash was created after a fork in Bitcoin. Ever since then it has increased in value tremendously. It went on to hit a high of almost $ 3600 before coming all the way down to $900. This is the reason why many of investors are trying to figure out if indeed, it would rise once again or whether the price of Bitcoin cash would languish around these levels for a long period of time.
Today we would shed some light on Bitcoin cash price predictions 2018.
Bitcoin cash price predictions 2018:
The current trading price of Bitcoin cash is around $ 1520. The one-year forecast of Bitcoin cash that is approximately by the end of this calendar year is around $ 6700. Similarly, the five-year forecast of Bitcoin cash price is around $ 24,600.
See the cryptocurrency ticker at the end of article for current prices!
Currently, it is very volatile as it is playing second fiddle to Bitcoin. In the future as well, while it might remain secondary to Bitcoin but the prospect of appreciation is pretty high. This is the reason why it might merit a look when it comes to investment.
Advantages of Bitcoin cash:
When you are comparing Bitcoin and Bitcoin cash, you would realize that Bitcoin cash was created in order to speeden up the transactions. The transaction times of Bitcoin cash are much faster. Moreover, the fees are on the lower side. Owing to this very reason, as a cryptocurrency, it might do well. A lot depends on the kind of traction which it is able to garner among cryptocurrency enthusiasts. If indeed, the shorter transaction times merit more usage, the value of Bitcoin cash would increase even more. This is the reason why the prospects are still pretty good enough.
With increased volatility, however, you need to make sure that you are holding the bearish phases as well. The down phases in Bitcoin or the bearish faces as we often call them are pretty severe. This is the reason why patience is needed if you want to make money by investing in Bitcoin cash.
Thus, if you’re looking for a cryptocurrency in which you can invest in for the longer term, Bitcoin cash might be a good option for you. You just need to keep in mind that Bitcoin cash would also mimic the trend in Bitcoin. Owing to this very reason, during a bearish phase in Bitcoin, Bitcoin cash would also move in the same way temporarily.
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