- Bitcoin Cash is worth investing in as it offers pleasant benefits.
- However, it might follow the unpleasant Bitcoin trend as well.
Since its creation last year, the Bitcoin Cash (BCH) has ever been increasing in value tremendously. This has made many investors wonder if indeed Bitcoin Cash would rise towards the value of Bitcoin or whether its value would remain at its current level for a long time.
Currently, Bitcoin Cash trades for $645 on marketcoinprice.com. The 1yr price forecast of BCH that will approx. end this calendar year is about $6700. Likewise, a 5-year forecast of the value of Bitcoin cash is about $24,600.
Presently, BCH is very volatile and plays the second fiddle to BTC. Though it remains secondary to BTC, there is potential that BCH ay appreciates higher in the future. This is a very big reason to consider the cryptocurrency when it comes to making investment decisions.
Benefits of BCH:
Bitcoin Cash, in comparison to Bitcoin, was created to speed up the rate of crypto transactions. BCH has a much faster transaction time than Bitcoin. More so, it also comes with lower transaction fees, which makes the digital coin to do well among cryptocurrency enthusiasts. And there is a tendency that the value of BCH would increase more if the faster transaction times of BCH earns more usage.
However, remember that with BCH’s increasing volatility, investors must ensure that the bearish phases – which could be pretty severe – are held on to as well. This is why sufficient patience is required when one is investing in BTC with the mind of making profits.
Therefore, if you desire a digital currency you can invest in for the long period of time to earn profits, BCH could be the best option for you. However, always remember that Bitcoin cash might also follow similar paths as Bitcoin.
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