The true virtue of the Bitcoin Cash price is that it has been steadily increasing month-by-month. I think this will continue moving forward, without fail. The latest bitcoin cash price forecast shows that the coin will likely rise with ease as a result of the upcoming pump. The rally that recently took place on December 18th saw BCH triple in value from around $1,400 to around $3,600 in just one day! This was an unexpected and short-lived surge following on from the main cryptocurrency’s enduring bullish trend since late September 2017. If we look back to 2017, I think the Bitcoin Cash price prediction is a strong one. Not because there was a massive rise in value, but because it steadily increased from around $200 at the start of the year to around $2,500 at its highest point in December. If we look ahead to 2018, I think the BCH price forecast is also quite positive. We may well see the coin rise even higher if a pump takes place and China and South Korea take a more favorable stance towards cryptocurrencies.
On December 18th Bitcoin Cash underwent a sudden upsurge in value. Just one day saw the coin triple in value from around $1,400 to around $3,600 in just one day. It was an unexpected and short-lived surge which took all of the surprise out of this prediction. The previous chart for the Bitcoin Cash price is taken from coinmarketcap.com, which shows the currency’s performance on a daily basis throughout 2017 and early 2018. In August 2017, from a price of just over $1 per BCH token, we saw it rise to almost $2,500 by early January 2018 [taking 6 months]. On a monthly basis, the price increased by almost 600% during this same period.
In May this year, we saw BCH rise by around 100% in value in just a few weeks [taking 5 months]. If we add this to the time this coin took to double in value from $600 to $1,000 [taking 2 months], then it becomes clear that it takes BCH about 4 months for its price to double. However, BCH took around 3 months to double from $200 to $500 [taking 1 month]. So the Bitcoin Cash price prediction rate indicates that it takes BCH about 6 months for its value to double.
I think it is safe to say that it is still early days for Bitcoin Cash and its true potential has yet to be realised. It has a lot of promise as a crytocurrency. This means that in the near future, it will rival (or surpass) the likes of bitcoin, ether and litecoin in terms of its overall market capitalisation [as well as market value]. With this we can only expect BCH’s price to continue rising, moving forward. The Bitcoin Cash price forecast is therefore quite positive because it shows that this cryptocurrency has been steadily increasing month-by-month. I think this will continue moving forward, without fail. The latest bitcoin cash price forecast shows that the coin will likely rise with ease as a result of the upcoming pump. This rally that recently took place on December 18th saw BCH triple in value from around $1,400 to around $3,600 in just one day! This was an unexpected and short-lived surge following on from the main cryptocurrency’s enduring bullish trend since late September 2017.
The true virtue of the Bitcoin Cash price is that it has been steadily increasing month-by-month. I think this will continue moving forward, without fail. The latest bitcoin cash price forecast shows that the coin will likely rise with ease as a result of the upcoming pump. The rally that recently took place on December 18th saw BCH triple in value from around $1,400 to around $3,600 in just one day! This was an unexpected and short-lived surge following on from the main cryptocurrency’s enduring bullish trend since late September 2017.
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