Bitcoin Cash (BCH), often considered Bitcoin’s sibling, has carved its path in the cryptocurrency landscape. While some view it as merely a 2017 fork of Bitcoin, BCH boasts a solid technical foundation and potential use cases. Despite its controversial origins, BCH has shown a lot of promise and is currently one of the 30 biggest cryptocurrencies in the world.
With a market capitalization standing at an impressive $6.95 billion, BCH, which kicked off the year at $259, is up by 32.17% in terms of YTD growth per CMC data at the time of writing, thanks to the Bitcoin halving in April.
Bitcoin Cash BCH Economy, Source: CoinMarketCap
Current State of BCH, Short-Term, and Long-Term Projections
As of now, the real-time BCH to USD price stands at $352.26. Here’s a closer look at the short-term predictions for July, per data from the Changelly blog.
BCH 2024-2030 Price Prediction Bar Chart Source: Coinpedia
July 25-31
For July 25, BCH’s price might hover around $371.34, marking a slight decrease of 0.56%. The following day, the price could dip further to $365.10, a decline of 2.23%. However, on July 27, we might see a minor increase, with the price reaching $373.54. A bullish trend on July 28 could push the price up to $405.99, a significant surge of 8.72%. This upward trajectory could continue on July 29, with BCH potentially hitting $400.67. On July 30, we might see a moderate rise to $381.15, and by July 31, the price could stabilize around $378.49.
To cap it, looking ahead, some forecasts suggest that BCH could reach anywhere between $242.02 and $589.21 by 2024. Some even propose that BCH could hit the $750 mark by the end of 2024. These predictions are based on BCH’s market value, solid technical foundation, and potential use cases. However, it’s crucial to remember that the cryptocurrency market is highly volatile. For instance, some predict a 0.03% decrease in BCH’s price, dropping to as low as $365.10 by July 26, 2024. Despite this, BCH might end 2024 on a high note, with predictions suggesting a value of $985.
BCH Projections, Source: TradingView
A Conservative Long-Term Projections, 2024-2030
Looking further into the future, our conservative long-term projections for BCH are as follows:
2024: Bitcoin Cash could reach $750 by November, demonstrating steady growth. However, it may pull back slightly to $710 by year-end.
2025: BCH might be worth between $856.30 and $1,035.90, with an average price of around $999.50.
2026: The price of BCH could be as low as $956.34 or as high as $1,132. The average price might be $983.15.
2027: The price of BCH might go down to $1,380, but it could also go up to $1,683. The average price might be around $1,429.
2028: BCH could go past the $1,900 mark and reach up to $2,013.93. Some even think that BCH could hit $2,500.
2029: BCH could go up to $703.98, but it could also go down to $345.40. The price at the end of 2029 might be around $586.18.
2030: The highest price of BCH could be an impressive $4,668. The average price could be around $1,867, with the lowest price around $1,494.
Further, some sources are very optimistic about BCH’s future. They predict that by 2030, BCH’s price could go beyond $1,900 and might even reach up to $2,013.93. Some are even more hopeful, predicting that BCH could reach $2,500, a significant jump of 545% from its price today.Market sentiment, whether bullish or bearish, plays a crucial role. Currently, 28% of the market feels positive about BCH. BCH’s potential lies in its continuous development and enhancements. With its high market cap and solid technical foundation, BCH makes for a promising investment. DYOR.
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