Bitcoin Cash (BCH) plays a huge role in the cryptocurrency industry. The first purpose that BCH serves is to increase the block size. This is mainly because Bitcoin Cash can process a higher number of transaction per second as compared to BTC. BCH can also lower the transaction fee. For example, BTC usually has a fee of $1.31, whereas BCH would charge a fee of $0.125 instead. This is significantly cheaper and can save you money in the long run. Keep in mind the mining industry, Bitcoin Cash is proven to be more lucrative than BTC. Therefore, it entices miners to switch from BTC to BCH. Records and statistics have shown that Bitcoin Cash has experienced exponential growth. Because of the rapid growth and all the advantage that Bitcoin Cash has, the community has predicted that it could reach a new milestone. As a matter of fact, Bitcoin Cash has a wonderful future and can definitely change the way we do crypto.
The cryptocurrency market is very volatile, and the prices can change without a warning. Some of these changes are due to competition, regulation, and the advancement of new technology.
Trading beast: The trading beast predicts that in 2019, there could be an upward trend for Bitcoin Cash. In 2020, the price can increase to as much as $4,795.05. By 2022 they’re predicting Bitcoin Cash to reach as high as $33,473.36.
Smartereum: Smartereum is a cryptocurrency prediction website, they made a five-year prediction that Bitcoin Cash can grow to around $24,600.
Crypto ground: Crypto ground reviews that in the future, Bitcoin Cash can grow and reach up to $700 by the end of 2019. In five years, BCH can reach up to $3000. The prediction seems to be a little bit lower compared to Trading Beast and Smartereum.
Take home message: Bitcoin Cash will experience a bright future mainly because of its fast growth, lower transaction fee, and a lot of industries are switching to using it.
Disclaimer: This article serves as an educational purpose only to give you general information and a general understanding of the cryptocurrency world. I do not own any cryptocurrency that is indicated in this article, and by using this article, you understand that this is only for informational purposes.