Bitcoin Cash price prediction 2024, 2025, 2030: Insights and forecasts

Explore Bitcoin Cash price predictions for 2024, 2025, and 2030. Gain insights into potential trends and forecasts for BCH in the coming years.

May 28, 2024 - 11:38
May 28, 2024 - 11:38
Bitcoin Cash price prediction 2024, 2025, 2030: Insights and forecasts
Bitcoin Cash

Bitcoin Cash originated from a 2017 Bitcoin hard fork stemming from a disagreement over the Bitcoin network’s design. While initially showing strong growth, its price has lagged behind Bitcoin’s in recent years. However, recent developments suggest a potential turnaround. This prediction delves into Bitcoin Cash's price prospects, utilizing fundamental and technical analyses to forecast its performance from 2024 to 2030.

Bitcoin Cash price history

Bitcoin Cash emerged in 2017 as a result of a hard fork initiated by a disagreement within the Bitcoin community over the implementation of the Segregated Witness (SegWit) upgrade. SegWit was intended to reduce the data size of each transaction stored on the Bitcoin blockchain. However, some in the community believed that Bitcoin should go further by increasing the block size limit.

This disagreement led to a split, with Bitcoin Cash's hard fork increasing the transaction block size from 1 MB to 8 MB. This change allowed Bitcoin Cash to offer faster and cheaper transactions compared to Bitcoin, positioning it as a more suitable option for day-to-day transactions rather than just a store of value. However, this came at the cost of increased data storage requirements for miners, potentially leading to higher hardware costs and increased centralization.

Since Bitcoin Cash was created as a hard fork, existing Bitcoin holders received an equivalent amount of BCH for free. Initially, Bitcoin Cash traded at around $412 and reached an all-time high of $4,355.62 on 20 December 2017. 

During the 2018 bear market, Bitcoin Cash dropped to its all-time low of $75.08 on 15 December 2018. Throughout 2019, it traded between $200 and $500, experiencing a peak around $1,500 in 2021.

In 2022, Bitcoin Cash followed the market downtrend, often trading below $200. However, a recent surge has made BCH one of the top performers after being listed on the institutional-backed EDX exchange.

At present, BCH is priced at $184, rising by 73% over seven days but falling by 2.53% in the last 24 hours. Despite this recent increase, the price remains 95% below its all-time high.

Key points in the price history of Bitcoin Cash include:

  • Bitcoin Cash was launched in 2017 as a hard fork, initially trading at $412.
  • Its all-time high (ATH) of $4,355.62 was reached on 20 December 2017.
  • During the 2018 bear market, the price hit an all-time low of $75.08.
  • Throughout the most recent bear market, Bitcoin Cash has mostly traded below $200.
  • A recent listing on an exchange led to a 73% surge over seven days, bringing the price to $184.

Bitcoin Cash price prediction 2024

Experts foresee Bitcoin potentially reaching $100,000 by the end of 2024, a surge that could lift other cryptocurrencies as well. However, Bitcoin Cash (BCH) has struggled to reclaim its all-time high (ATH) from 2017, as illustrated in the BCH price chart below, despite the bullish market conditions in 2021.

Based on the macro trend line, BCH could potentially reach highs of $297 by the close of 2024. However, Bitcoin Cash possesses several fundamental factors currently operating in its favor.

Initially, as previously noted, Bitcoin Cash represents a hard fork of Bitcoin, allowing for less expensive and quicker transactions. Presently, it features a 32 MB block size limit, in contrast to Bitcoin's 1 MB.

With the recent implementation of Bitcoin Ordinals, transactions have become slower and more costly on the Bitcoin network. This trend is likely to intensify as the price of Bitcoin rises in 2024, prompting some investors to explore more cost-effective alternatives like Bitcoin Cash.

Another crucial consideration is the SEC's ongoing legal actions against Coinbase and Binance for the sale of unregistered securities. SEC chair Gary Gensler has previously stated that Proof-of-Stake cryptocurrencies are considered securities.

Nevertheless, Bitcoin Cash employs a Proof-of-Work consensus mechanism, making it less susceptible to regulatory assaults. Consequently, it could garner interest from institutional investors and those less averse to risk who seek cryptocurrencies with clear regulatory standing.

In summary, these factors indicate significant bullish potential for Bitcoin Cash. Therefore, our Bitcoin Cash price forecast predicts a maximum price of $450, a minimum price of $200, and an average price of $325 by the conclusion of 2024.

Bitcoin Cash price prediction 2025

Crypto bull markets typically span 12 to 18 months, so if one begins in 2024, we anticipate the peak to occur around the end of 2025.

Nevertheless, Bitcoin Cash's advantages over Bitcoin, such as scalability and speed, come with a trade-off. As previously noted, the hardware requirements for processing 32 MB blocks can become quite costly, making it feasible for only mining farms and institutions to mine Bitcoin Cash.

Furthermore, the lower transaction fees for Bitcoin Cash make the coin significantly less profitable to mine. In essence, miners are willing to allocate less computational energy to mine blocks, resulting in a lower hash rate and diminished network security.

What is hash rate?

Hash rate refers to the measure of computational power utilized to mine blocks on a cryptocurrency network. A higher hash rate signifies greater network security. This is because the hash rate reflects the competitiveness of mining, meaning that a higher hash rate necessitates more computational power to compromise a blockchain.

According to CoinWarz, the average hash rate for Bitcoin is 377.70 EH/s. In contrast, the current hash rate for Bitcoin Cash stands at just 4.04 EH/s, and prior to the recent increase in BCH price, it remained below 2 EH/s throughout the past year.

As depicted in the Bitcoin Cash chart below, the hash rate has consistently remained below 5 EH/s since 2017.

However, over the same period, the hash rate of Bitcoin has steadily increased, indicating a more robust growth in network security.

Bitcoin Cash has prioritized faster and cheaper transactions over security and decentralization. In contrast, Bitcoin has implemented a layer two solution, the Bitcoin Lightning Network, which enables secure, decentralized, fast, and cost-effective transactions.

Given these factors, Bitcoin Cash might find it challenging to surpass its previous peak in the bull market. However, recent interest from institutional investors suggests there is still room for growth.

Considering these factors and historical price trends, our Bitcoin Cash price projection for 2025 anticipates a potential high of $807, a low of $450, and an average price of $628.5.

Bitcoin Cash price prediction 2030

Predicting long-term prices, especially for cryptocurrencies like Bitcoin Cash undergoing significant changes, is challenging.

As evidenced by the recent price surge, a higher value for BCH leads to a higher hash rate, enhancing network security. With growing institutional interest and a fixed supply of 21 million coins, increased demand and limited supply could drive prices higher, especially if BCH becomes widely accepted for payments. This could lead to a higher hash rate, ensuring network security and bolstering its long-term prospects.

However, Bitcoin Cash has historically struggled to keep pace with Bitcoin's performance. The chart below illustrates the price of Bitcoin Cash compared to Bitcoin since 2017.

Bitcoin Cash (BCH) has consistently depreciated in value compared to Bitcoin (BTC). Although there is a possibility of a reversal, historical performance suggests this likelihood is minimal.

While this trend doesn't rule out long-term growth for Bitcoin Cash, it does constrain its potential. Therefore, our Bitcoin Cash price projection for 2030 suggests a potential high of $1,200, a low of $500, and an average price of $850.

While there is a chance for BCH to exceed these estimates, it appears improbable given its historical underperformance against Bitcoin, as well as concerns regarding its decentralization and security.

Potential peaks and valleys of Bitcoin Cash price

Despite its challenges, Bitcoin Cash retains potential and could emerge as one of the leading cryptocurrencies in a bullish market. The table below outlines our price predictions for Bitcoin Cash from 2024 to 2030.

Year Minimum price Maximum price
2024 $200 $450
2025 $450 $807
2030 $500 $1,200

What are other analysts predictions for Bitcoin Cash?

The recent surge in institutional interest has positioned Bitcoin Cash as a high-risk, high-reward cryptocurrency. To provide a clearer perspective, we have compiled several analysts' forecasts for Bitcoin Cash below.

Changelly's Bitcoin Cash price forecast suggests potential lows of $173, highs of $250, and an average price of $298 by the end of 2024.

CryptoNewZ's BCH price prediction indicates a possible range between $112.56 and $273.46 by the end of 2024.

Bitnation predicts that Bitcoin Cash could reach lows of $229.60 and highs of $444.40 by the end of 2024.

AMBCrypto's forecast suggests that BCH could trade between $147.58 and $269.80 by the end of 2024.

According to DigitalCoinPrice, Bitcoin Cash could see a low of $171.36, a high of $418.54, and an average price of $410.49 by the end of 2024.

What is Bitcoin Cash and what is it used for?

Bitcoin Cash (BCH) emerged from a Bitcoin hard fork, aiming to facilitate faster and more cost-effective transactions on a broader scale.

It shares many design elements with Bitcoin but incorporates some rule changes, notably increasing the block size from 1 MB to 32 MB.

Since the fork in 2017, Bitcoin and Bitcoin Cash have followed separate paths, each with its unique development trajectory.

Bitcoin is primarily positioned as a store of value, whereas Bitcoin Cash is designed for various use cases, including everyday transactions like purchasing items or transferring funds globally.

Bitcoin Cash overview

Cryptocurrency Bitcoin cash
Ticker symbol BCH
Rank 20
Price $190.25
Price change 24H 3.96%
Market cap $3,985,982,240
Circulating supply 19,429,775 BCH
Trading volume 24H $1B
All time high $4,355.62
All time low $75.08

What factors impact the price of Bitcoin Cash?

Given its emphasis on payments, Bitcoin Cash's price is largely influenced by demand for using it in transactions. The number of merchants accepting Bitcoin Cash can significantly impact its price.

Speculation is another key driver. For instance, after being listed on the EDX exchange, speculation regarding increased adoption can prompt investors to buy the coin, anticipating future profits and thus driving up its price.

Additionally, Bitcoin Cash's price is affected by the overall market performance. While it typically moves in tandem with the broader market, it has exhibited heightened volatility in recent times.

Is Bitcoin Cash a buy?

Bitcoin Cash is unlikely to emerge as a top long-term cryptocurrency investment, primarily due to its security and decentralization weaknesses, as evidenced by its failure to reach a new all-time high in the previous bull market. However, its recent traction among institutional investors and the relatively clear regulatory environment provide it with a short-term advantage over some Proof-of-Stake cryptocurrencies. For instance, our Polygon price prediction highlights regulatory challenges as one of MATIC's primary risks.

Best place to buy Bitcoin Cash

Investors interested in purchasing Bitcoin Cash can do so through Binance, one of the largest and most renowned cryptocurrency exchanges globally. Binance serves over 160 million users across more than 100 countries.

This cryptocurrency exchange provides a user-friendly interface, making trading simple and direct. Upon opening a new account on Binance, investors can deposit a minimum of $50 (in the US).

Payments can be made through ACH transfers, wire transfers, credit/debit cards, Mastercard, and VISA. However, using credit cards incurs a 4.5% fee.

Once an account is set up, investors can purchase Bitcoin Cash and over 400 other cryptocurrencies. Binance offers unique features like swap farming, enabling traders to access numerous crypto pairs.

For novice traders, Binance Academy offers a wealth of educational content on cryptocurrencies and NFTs. Professional traders can leverage their trades and engage in margin trading.

These features have contributed to Binance becoming one of the most popular cryptocurrency platforms globally.

In summary, Bitcoin Cash shows potential for growth but is hindered by challenging issues that pose significant downside risks for the coin.

Considering these factors, we have curated a list of the top cryptocurrencies to invest in currently. For those interested in purchasing Bitcoin Cash, Binance is recommended, as it is a widely used crypto exchange with over 160 million users worldwide.

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