Bitcoin Cash BCH Price Analysis It only took 120 days for the Bitcoin Cash BCH price to drop from nothing to $ 3,600. Indeed, Bitcoin Cash BCH is one of the fastest growing crypto currencies.
Thus, in 4 months, it has become the 3rd crypto currency in the world with $ 58 billion in capitalization, far ahead of Ripple and Litecoin. BCHEUR chart by TradingView While Bitcoin Cash BCH prices reflect the announced success story, it is true that its adoption by 2 of the world's most popular cryptocurrency exchange platforms has a big impact. As proof, on Wednesday, December 20, when mainstream trading platform COINBASE announced the addition of Bitcoin Cash BCH to its cryptocurrency catalog.
The Bitcoin Cash BCH price has skyrocketed with an increase of 45% in 24 hours. The price of Bitcoin Cash has doubled in value from around $ 1,600 to $ 3,200. Bitcoin Cash BCH prices confirm its democratization This example is indicative of the current trend, a generalization of crypto currencies in the world, with its adoption by the world of finance. The examples of institutionalization of crypto currencies are multiplying, especially in traditional banking with Swissquote Bank, or the leaders of the stock market listing.
Bloomberg and Reuters now offer real-time quotation of Bitcoin, but also of alternative crypto currencies such as Ethereum, or Litecoin. Stock exchanges are also beginning to develop financial products, and other investment vehicles with cryptocurrency as their underlying. The latest being the Chicago CME Stock Exchange, after the CBOE Chicago Board of Exchange still in the Illinois capital, and offering Bitcoin futures. Bitcoin Cash can count on many supporters in the community, including that of Roger Ver, one of the most famous cryptocurrency investors. The latter claims that Bitcoin Cash is closer to the original spirit of Bitcoin invented by the mysterious Satoshi.
Bitcoin Cash BCH resuscitates the spirit of Bitcoin Core Bitcoin cash cours The democratization movement and the media hype alone do not explain the meteoric trajectories of cryptocurrencies. The price of Bitcoin Cash BCH more particularly, responds to an intrinsic problem of the Bitcoin Blockchain, its saturation. Blockchain saturation slows down transactions and increases their cost.
A Bitcoin transaction currently takes several hours to be validated by the network, and incurs fees in excess of $ 20, with miners logically preferring to process the most profitable transactions. The technical limitation of the block size of the Bitcoin Blockchain to 1 MB is a bottleneck that is difficult to get around without modifying its source code. The Bitcoin community is trying to remedy this with the Segwit2X protocol, a decision that is constantly being pushed back for lack of a common vision. The consensus struggling to build around such a fundamental change in historic Bitcoin. It is therefore the most pragmatic members of the crypto sphere who have decided to remedy this, by launching a "hard fork" of the Bitcoin Blockchain. This was executed on August 1, 2017 giving birth to Bitcoin Cash BCH with a block size of 8 MB, thus ensuring faster transfers of the order of a few seconds, at a cost of a few cents. . Towards $ 12,700 Bitcoin, and $ 5,000 Bitcoin Cash BCH?
The Bitcoin Cash price showed a spectacular performance in December 2017, a real success, as far as it will be in the next quarter. Those familiar with investing in cryptocurrencies, or traders in particular, know that volatility is extremely high in these types of assets. So many investors are predicting a possible decline in Bitcoin, a decline that would benefit Bitcoin Cash BCH whose technical analysis forecasts prices at $ 5,000 for the most optimistic .... So, trading focused on the BCH / USD pair, a big beneficiary of Coinbase’s announcement now offering Bitcoin Cash BCH on its exchange platform.
