Are you holding Bitcoin Cash coins and worried about the future price in 2020? Take a look at this article about Bitcoin Cash Price Prediction and know where it heads in the future.
Firstly, let’s know what Bitcoin Cash is…!
What is Bitcoin Cash?
The developers of Bitcoin-ABC proposed a hard fork of the Bitcoin blockchain to increase the block size on August 1, 2017. The new chain had 8MB blocks and was named as Bitcoin Cash.
Bitcoin Cash is a decentralized peer-to-peer electronic cash system that does not build on any central authority like a government or financial organization.The Bitcoin Cash(BCH) Chain replaces peer to peer electronic funds as a feature of Bitcoin by canceling high fees and inaccurate transactions.
Bitcoin Cash Price Today
At present the coin holds 5th position in the ranking with total supply and circulating supply 18,418,319 BCH.
Bitcoin Cash Price Analysis
At the beginning of 2019, the BCH price was at $165.33. At the beginning of April, the coin enjoyed a forceful trend reaching $302.31. However, the battle is maintained within $300 and the coin is currently valued at $316.
Bitcoin Cash Price Prediction 2020
The year 2020 can be fruitful for Bitcoin cash coin as many developments and innovations are expected. With this development, the year 2020 might make the price flow and BCH might reach $4000 USD by the end of 2020.