From its inception as a result of a contentious hard fork in 2017 to its evolution into a prominent cryptocurrency, BCH has made waves in the digital currency landscape. This article delves into the intricacies of Bitcoin Cash, exploring what it is, its native token, and the benefits it brings to the world of finance. We’ll also analyze its price history, predictions for the future, and where and how you can acquire BCH. Whether you’re a seasoned crypto enthusiast or just embarking on your journey into the world of digital currencies, this comprehensive guide will provide you with a deeper understanding of Bitcoin Cash and its role in shaping the future of finance. So, let’s dive into the fascinating world of BCH and uncover its potential in the future.
About BCH
| Name | BITCOIN CASH |
| Token | BCH |
| Price (as of 23rd February 2024) | $261.10 |
| Total value locked (TVL) | $7.95m |
| Circulating Supply | 19,649,437 BCH |
| Total Supply | 21,000,000 BCH |
| Max. Supply | 21,000,000 BCH |
| Circulating market cap |
$5,130,272,236 |
| Fully diluted market cap |
$5,482,890,669 |
| Website | Click here |
| ATH | $4,355.62 |
| ATL | $75.08 |
What is Bitcoin Cash (BCH)?
Bitcoin Cash (BCH) is a prominent cryptocurrency that originated from a contentious hard fork of the original Bitcoin (BTC) blockchain in August 2017. The fork occurred due to disagreements within the Bitcoin community over how to address scalability issues, primarily related to transaction speed and cost. BCH was created as an alternative to Bitcoin, with the goal of providing a more scalable and cost-effective digital currency.
One of the primary differences between Bitcoin and Bitcoin Cash lies in their approach to block size. While Bitcoin has a limited block size of 1 MB, Bitcoin Cash opted for larger block sizes, initially 8 MB, and later increased further to accommodate more transactions per block. This decision was made to enhance the transaction processing capacity of the network, resulting in faster confirmation times and lower fees.
Bitcoin Cash shares many technological features with Bitcoin, including the use of blockchain technology for decentralized and secure transaction recording. Like Bitcoin, BCH operates on a peer-to-peer network, allowing users to send and receive digital payments directly without the need for intermediaries like banks.
The emergence of Bitcoin Cash added diversity to the cryptocurrency landscape, offering users an alternative option for digital transactions with the aim of addressing some of the challenges faced by the original Bitcoin network. Since its creation, Bitcoin Cash has garnered a dedicated community and continues to evolve as a digital currency.
What is Bitcoin Cash (BCH) Native Token?
The native token of the Bitcoin Cash network is known as Bitcoin Cash (BCH). It serves as the digital currency that users transact with on the BCH blockchain. Much like Bitcoin’s BTC, BCH is used for various purposes, including online purchases, investments, and as a store of value.
BCH transactions are recorded on a public ledger called the blockchain. This ledger is decentralized and maintained by a network of nodes (computers) that validate and add transactions to the blockchain through a process called mining. The native token, BCH, is transferred between users when they engage in transactions, and these transactions are confirmed and recorded on the BCH blockchain for transparency and security.
BCH’s value is determined by market demand and supply dynamics, much like traditional currencies or other cryptocurrencies. Its price can fluctuate based on various factors, including adoption, investor sentiment, and market trends. Despite these price fluctuations, BCH’s primary function remains as a medium of exchange, enabling peer-to-peer transactions without the need for intermediaries, making it an integral part of the Bitcoin Cash ecosystem.
Benefits of Trading in Bitcoin Cash (BCH)
Faster Transactions: BCH has a larger block size compared to BTC, allowing it to process more transactions per second. This results in quicker confirmation times and lower fees, making it more suitable for everyday transactions.
Lower Transaction Fees: BCH transactions typically have lower fees compared to Bitcoin, making it cost-effective for both small and large transactions.
Decentralization: Like Bitcoin, BCH operates on a decentralized network, which means it’s not controlled by any single entity or government. This ensures security and censorship resistance.
Accessibility: Bitcoin Cash aims to be accessible to a wider audience, including those who may not have access to traditional banking services. It provides financial inclusion to unbanked or underbanked populations.
Scalability: BCH’s larger block size and focus on on-chain scaling aim to accommodate more users and transactions, potentially avoiding congestion during periods of high demand.
Community Support: BCH has a dedicated community of supporters and developers working to improve the network’s functionality and features.
In summary, Bitcoin Cash is a cryptocurrency that offers faster and cheaper transactions than its predecessor, Bitcoin. Its native token, BCH, plays a crucial role in facilitating peer-to-peer transactions on a decentralized network. The benefits of Bitcoin Cash include speed, lower fees, decentralization, accessibility, scalability, and strong community support. These features make BCH a compelling option for those looking to use cryptocurrency for everyday transactions.
How is Bitcoin Cash Different from Bitcoin?
Bitcoin Cash (BCH) and Bitcoin (BTC) are two prominent cryptocurrencies that share a common origin but have evolved in different directions due to philosophical and technical differences. Here are the key distinctions between BCH and BTC:
Block Size: One of the most significant differences is block size. BCH has a larger block size, initially set at 8 MB (and later increased), compared to BTC’s 1 MB. This allows BCH to process more transactions per block, resulting in faster confirmation times and lower fees.
Transaction Fees: BCH is known for its lower transaction fees when compared to BTC. The larger block size and emphasis on on-chain scaling make BCH more cost-effective for everyday transactions.
Segregated Witness (SegWit): BTC adopted SegWit as a solution to increase transaction throughput and reduce fees. BCH, on the other hand, did not implement SegWit and focuses on increasing block size as a scaling solution.
Community and Vision: BCH was created to fulfill the original vision of Bitcoin as described in the Bitcoin whitepaper by Satoshi Nakamoto, emphasizing peer-to-peer electronic cash. BTC’s vision has shifted more toward a store of value or digital gold.
Development Teams: BCH has its own development teams separate from BTC. This divergence in development priorities and philosophies has led to different features and improvements.
Hash Algorithm: While BTC primarily uses the SHA-256 hashing algorithm, BCH uses a different algorithm called SHA-256D. This divergence ensures that mining for each network remains distinct.
Market Capitalization: BTC has a significantly higher market capitalization compared to BCH. This reflects BTC’s position as the more established and widely recognized cryptocurrency.
In summary, Bitcoin Cash and Bitcoin differ primarily in block size, transaction fees, vision, development teams, hashing algorithms, and market capitalization. These distinctions have led to varying use cases and philosophies for the two cryptocurrencies, with BCH focusing on being a more efficient medium of exchange for everyday transactions, while BTC has evolved into a digital store of value.
BCH Price History
Bitcoin Cash (BCH) has experienced significant price fluctuations since its inception in July 2017. Here’s a summary of its price trends and key percentages:
July 2017 – December 2017: Explosive Growth
- BCH started trading in July 2017 at approximately $294.60.
- By December 2017, it reached its all-time high of $2,533.01, representing an astounding increase of over 750% in just five months.
- This period was marked by enthusiasm surrounding the Bitcoin Cash fork from the original Bitcoin blockchain.
January 2018 – December 2018: Price Correction
- Following the peak, BCH faced a significant price correction. By December 2018, it had fallen to $151.05, marking a decline of nearly 94% from its all-time high.
- This period was characterized by increased market volatility and a broader cryptocurrency market correction.
January 2019 – February 2020: Periodic Ups and Downs
- BCH showed periodic price fluctuations, ranging from a low of $108.09 in January 2019 to $459.91 in February 2020.
- These fluctuations were influenced by factors like market sentiment, adoption, and overall cryptocurrency market dynamics.
March 2020 – May 2021: Recovery and Bull Run
- BCH started to recover in March 2020, reaching $308.33 by February 2021.
- The cryptocurrency experienced a substantial bull run in late 2020 and early 2021, reaching a high of $1,635.15 in May 2021.
- During this period, the price increased by approximately 430%.
June 2021 – August 2023: Price Volatility
- BCH witnessed volatility, with fluctuations ranging from a low of $95.78 in June 2023 to $306.67 in Julyt 2023.
- The price was influenced by various factors, including market sentiment, regulatory developments, and adoption trends.
Overall, Bitcoin Cash has shown significant price swings throughout its history, with periods of rapid growth, corrections, and volatility. Its performance is closely tied to the broader cryptocurrency market and factors affecting adoption and investor sentiment.
BCH Current Statistics
- As of 23 February 2024, the price of BCH stands at $261.25.
- Total Value Locked (TVL) of BCH currently stands at $7.95m.
- The price of BCH has risen in the past few months and is almost double of what it was a year ago.
- The market is expected to be bullish for the rest of the year.
Where to Purchase BCH?
You can purchase Bitcoin Cash (BCH) from a variety of platforms, depending on your preferences and needs. Some popular options include centralized exchanges like Coinbase, Binance, Kraken, and Gemini, which are user-friendly and accept fiat currencies. For a more decentralized approach, decentralized exchanges (DEXes) like PancakeSwap, Uniswap, and SushiSwap enable direct peer-to-peer trading without intermediaries. Broker-dealers such as Fidelity, Robinhood, and Charles Schwab also offer BCH trading services. If privacy and direct transactions are priorities, consider using peer-to-peer (P2P) marketplaces like LocalBitcoins and Paxful. Before making a choice, it’s essential to research and compare these options, considering factors like fees, security, and supported payment methods. Additionally, practice good security measures, such as using strong passwords and enabling two-factor authentication (2FA), and be aware of the inherent risks associated with cryptocurrency investments.
BCH Price Prediction
BCH Price Prediction 2024
| When | Maximum Price | Minimum Price |
| February 2024 | $270.000 | $180.000 |
| March 2024 | $229.500 | $191.250 |
| April 2024 | $191.250 | $159.375 |
| May 2024 | $173.864 | $144.886 |
| June 2024 | $177.341 | $147.784 |
| July 2024 | $212.809 | $177.341 |
| August 2024 | $238.346 | $198.622 |
| September 2024 | $243.113 | $202.594 |
| October 2024 | $255.269 | $212.724 |
| November 2024 | $319.086 | $265.905 |
| December 2024 | $306.323 | $255.269 |
BCH Price Prediction 2025
| When | Maximum Price | Minimum Price |
| January 2025 | $320.73 | $258.66 |
| February 2025 | $337.61 | $241.15 |
| March 2025 | $422.02 | $340.34 |
| April 2025 | $502.40 | $358.86 |
| May 2025 | $546.09 | $440.39 |
| June 2025 | $655.31 | $468.08 |
| July 2025 | $642.46 | $518.11 |
| August 2025 | $770.95 | $550.68 |
| September 2025 | $963.69 | $777.17 |
| October 2025 | $1,204.61 | $860.43 |
| November 2025 | $1,505.76 | $1,214.32 |
| December 2025 | $1,731.62 | $1,236.87 |
In 2025, Bitcoin Cash (BCH) is projected to experience significant price growth. Starting in January, it is expected to trade between $258.66 (minimum) and $320.73 (maximum). This bullish trend continues throughout the year, culminating in December with a high of $1,731.62 (maximum) and $1,236.87 (minimum). These predictions indicate substantial percentage increases and strong upward momentum for BCH in 2025.
BCH Price Prediction 2026
| When | Maximum Price | Minimum Price |
| January 2026 | $2,077.95 | $1,675.76 |
| February 2026 | $1,662.36 | $1,187.40 |
| March 2026 | $1,278.74 | $1,031.24 |
| April 2026 | $959.05 | $685.04 |
| May 2026 | $709.70 | $572.34 |
| June 2026 | $545.92 | $389.94 |
| July 2026 | $436.74 | $352.21 |
| August 2026 | $338.56 | $241.83 |
| September 2026 | $423.20 | $341.29 |
| October 2026 | $528.99 | $377.85 |
| November 2026 | $581.89 | $469.27 |
| December 2026 | $651.72 | $465.51 |
In 2026, Bitcoin Cash (BCH) experiences significant price fluctuations, ranging from a high of $2,077.95 (January) to a low of $241.83 (August), reflecting both bullish and bearish trends. The year ends with BCH at $651.72 (maximum) and $465.51 (minimum) in December.
BCH Price Prediction 2027
| When | Maximum Price | Minimum Price |
| January 2027 | $782.07 | $630.70 |
| February 2027 | $625.65 | $446.89 |
| March 2027 | $481.27 | $388.12 |
| April 2027 | $409.08 | $292.20 |
| May 2027 | $343.63 | $277.12 |
| June 2027 | $264.33 | $188.81 |
| July 2027 | $211.46 | $170.53 |
| August 2027 | $163.92 | $117.09 |
| September 2027 | $204.91 | $165.25 |
| October 2027 | $256.13 | $182.95 |
| November 2027 | $281.75 | $227.21 |
| December 2027 | $315.56 | $225.40 |
In 2027, Bitcoin Cash (BCH) undergoes a substantial price decline, starting at $782.07 (maximum) and $630.70 (minimum) in January and ending at $315.56 (maximum) and $225.40 (minimum) in December, reflecting a persistent bearish trend throughout the year.
BCH Price Prediction 2028-2030
| When | Maximum Price | Minimum Price |
| January 2028 | $378.67 | $305.38 |
| February 2028 | $302.93 | $216.38 |
| March 2028 | $275.39 | $222.09 |
| April 2028 | $234.08 | $167.20 |
| May 2028 | $196.63 | $158.57 |
| June 2028 | $178.76 | $127.68 |
| July 2028 | $223.44 | $180.20 |
| August 2028 | $288.24 | $205.89 |
| September 2028 | $360.30 | $290.57 |
| October 2028 | $450.38 | $321.70 |
| November 2028 | $495.42 | $399.53 |
| December 2028 | $554.87 | $396.33 |
| January 2029 | $382.82 | $308.73 |
| February 2029 | $450.38 | $321.70 |
| March 2029 | $562.98 | $454.01 |
| April 2029 | $670.21 | $478.72 |
| May 2029 | $728.49 | $587.49 |
| June 2029 | $874.19 | $624.42 |
| July 2029 | $832.56 | $671.42 |
| August 2029 | $693.80 | $495.57 |
| September 2029 | $867.25 | $699.39 |
| October 2029 | $1,084.06 | $774.33 |
| November 2029 | $1,192.46 | $961.67 |
| December 2029 | $1,335.56 | $953.97 |
| January 2030 | $1,300.87 | $1,049.09 |
| February 2030 | $1,561.04 | $1,115.03 |
| March 2030 | $1,486.71 | $1,198.96 |
| April 2030 | $1,238.92 | $884.95 |
| May 2030 | $1,548.66 | $1,248.92 |
| June 2030 | $1,935.82 | $1,382.73 |
| July 2030 | $2,129.40 | $1,717.26 |
| August 2030 | $2,384.93 | $1,703.52 |
| September 2030 | $2,322.98 | $1,873.37 |
| October 2030 | $2,787.58 | $1,991.13 |
| November 2030 | $2,654.84 | $2,141.00 |
| December 2030 | $2,212.36 | $1,580.26 |
BCH Price Prediction Summary 2026-2030 in USD
| When | Maximum Price | Minimum Price |
| 2026 | $865.81 | $481.01 |
| 2027 | $692.65 | $384.80 |
| 2028 | $900.44 | $500.25 |
| 2029 | $2,701.33 | $1,500.74 |
| 2030 | $5,402.66 | $3,601.77 |
FAQs
What is the price prediction of BCH in 2025?
In 2025, Bitcoin Cash (BCH) is poised for remarkable growth, with prices starting at $258.66 (minimum) and $320.73 (maximum) in January and soaring to $1,731.62 (maximum) and $1,236.87 (minimum) by December, showcasing substantial percentage gains.
What is the price prediction of BCH in 2030?
In 2030, Bitcoin Cash (BCH) exhibits price fluctuations, starting the year at $1,300.87 (maximum) and $1,049.09 (minimum) in January, with values peaking at $2,787.58 (maximum) and $1,991.13 (minimum) by October. The year ends at $2,212.36 (maximum) and $1,580.26 (minimum) in December, demonstrating both bullish and bearish trends throughout the year.
How much will BCH be in five years?
In 2028, Bitcoin Cash (BCH) experiences price fluctuations, starting at $378.67 (maximum) and $305.38 (minimum) in January, with values reaching a peak of $554.87 (maximum) and $396.33 (minimum) in December. This year showcases both bearish and bullish trends throughout the months.
How is BCH stored?
BCH is stored in digital wallets, which can be software wallets (mobile or desktop), hardware wallets (physical devices), or paper wallets (physical documents with private keys).
How are BCH transactions verified?
BCH transactions are verified by miners on the network using a proof-of-work consensus mechanism. Miners solve complex mathematical puzzles to validate and add transactions to the blockchain.
What is the purpose of Bitcoin Cash?
BCH aims to serve as a peer-to-peer electronic cash system, fulfilling the original vision of Bitcoin as described in the Bitcoin whitepaper by Satoshi Nakamoto. It emphasizes fast and low-cost transactions for everyday use.
Can I convert BCH to other cryptocurrencies?
Yes, BCH can be exchanged for other cryptocurrencies like BTC or Ethereum (ETH) on various cryptocurrency exchanges.
Is BCH subject to regulatory scrutiny?
Like all cryptocurrencies, BCH faces regulatory challenges and may be subject to varying regulations in different jurisdictions. Compliance with local laws is essential when using or investing in BCH.
Are BCH transactions reversible?
No, BCH transactions, like Bitcoin, are irreversible once confirmed on the blockchain. This immutability ensures security and finality of transactions.
Conclusion: What is the Future of BCH?
Looking at the predicted price trends, BCH appears to undergo periods of both growth and decline, which is characteristic of the cryptocurrency market’s volatility. The earlier years, such as 2024 to 2026, indicate some periods of decline, followed by potential periods of recovery and growth. However, it’s important to note that by 2030, the predictions show that the price is expected to cross 2000 USD mark.
In recent years, BCH has faced competition from other cryptocurrencies and has struggled to maintain a significant market share compared to Bitcoin (BTC). While its larger block size allows for faster and cheaper transactions, BTC’s position as the “digital gold” and store of value has made it the dominant force in the market.
Bitcoin Cash (BCH) can be considered a good investment with potential for the future. Its focus on faster and cheaper transactions, dedication to being a peer-to-peer electronic cash system, and ongoing community support make it an appealing option. However, whether BCH is a good investment also depends on your risk tolerance and investment strategy.
