Bitcoin Cash Price Prediction
Bitcoin Cash Price Prediction Making predictions in the cryptocurrency market is an easy way to look foolish. Things rise and fall with such wild swings that it’s virtually a guessing game half the time because so many unexpected things can happen. That being said, this doesn’t necessarily apply for long-term predictions.
If you’re high on cryptocurrencies as a powerful tool for the future, then it’s easier to make a more informed Bitcoin Cash price prediction.
It’s also easier to project whether this upstart player in the market will be able to derail some of Bitcoin’s (BTC) success. Those looking to buy Bitcoin Cash (BCH) through a BCH exchange, however, are better off looking elsewhere. While an updated Bitcoin Cash block could be interesting down the road, its falling cryptocurrency market cap, alongside its value, makes it too risky in my opinion.
I don’t see a lot of potential in Bitcoin Cash futures. I believe there’s very little chance that the coin surpasses $500.00 this year, and may even top out closer to $450.00 or lower. While that’s a not a bad gain over four months, there are better and more stable investments that will yield higher returns. Other cryptocurrencies that I am higher on—like Ripple (XRP), and especially Ethereum (ETH)—are better options in the cryptocurrency market.
Right now, the action we’re seeing is hype and excitement that will die down sooner rather than later, and then the cryptocurrency will taper off. There’s nothing that makes BCH special in my eyes, and, until it can create some separation from other currencies, investors might want to look at more solid options like Ripple and ETH, both of which have interesting and novel approaches to the market that could set them apart and make them top earners among cryptocurrencies.
Bitcoin Cash Price Prediction
|Cryptocurrency||Market Cap (billions)|
|Bitcoin Cash (BCH)||$5.34|
(Source: “CryptoCurrency Market Capitalizations,” CoinMarketCap, last accessed August 4, 2017)
The Bitcoin Cash block is supposed to be something that will separate this cryptocurrency from the umpteen others on the market, but, until it can prove that its usage of the tech is superior to competitors, I’m not sold on the new cryptocurrency.
BCH Price Predictions and Bitcoin Cash Futures
While I definitely think that BCH is a bad choice right now, that doesn’t mean it has no chance of one day becoming a valuable asset. The Bitcoin cash price prediction looks gloomy right now, but it’s not hopeless.
During the Bitcoin hard fork, after all, the BCH backers did have some valid reasons for wanting to split off from BTC. One of the major reasons that BCH came about was due to the backers’ issues with the speed of transactions and size of the blocks, both of which could play a big role in the development of BCH should the Bitcoin Cash block technology surpass BTC.
Cryptocurrency Market Cap
Now that we’ve sorted out the Bitcoin Cash price prediction and the Bitcoin Cash futures, let’s broaden our view to the cryptocurrency market as a whole, and examine options that I think could be great investments—certainly better than BCH.
Basically, the three cryptocurrencies that currently sit above BCH are all superior investments, at least in terms of a long-term view.
Ripple is an interesting cryptocurrency choice in that, unlike ETH and BTC, it’s not nearly as ideologically-driven. The reason that the two biggest cryptocurrencies split is that many people who invest in these virtual coins not only see them as ways to make money, but also as tools to help shape the future of currency. These people can be hardheaded, and even harder to deal with, so using a cryptocurrency without that sort of drag on it is great.
Ripple is being promoted more as a service for international payments instead of being marketed with more grandiose claims, like trying to make fiat currency obsolete.
It’s also worth noting that XRP has a had a huge 2017. The Ripple price soared by nearly 4,000% in the first half of the year. It’s a penny stock, so these sorts of jumps are not unheard of, but still, that’s a great payday for early investors, and I believe that the cryptocurrency still has room to run. (Source: “It’s not bitcoin or ethereum: This digital currency rose 3,977% in the first half of 2017,” CNBC, July 21, 2017.)
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