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Bitcoin Cash (BCH) Price Reaches New All-Time Low Against Bitcoin (BTC)

Wed, 12/25/2019 - 16:23
Alex Dovbnya
Bitcoin Cash (BCH) bears are in full force as the contentious fork drops to its lowest level against Bitcoin (BTC)
Cover image via 123rf.com
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In the past few months, the price performance of Bitcoin Cash (BCH) has been nothing short of a disaster. This culminated in Bitcoin Cash reaching a new all-time low against Bitcoin on Dec. 25. 

Bitcoin Cash Price Has the Ability to Go Up 1,000 Times. Roger Ver Explains How

A new low on Christmas Day  

With people all around the globe unpacking their Christmas presents, "Bitcoin Jesus" Roger Ver, who is known as one of the most ardent proponents of BCH, should probably stay away from price charts not to spoil his delightful holiday mood. 

BCH plunged to a new low just five days after Ver predicted that it would be able to overtake the market capitalization of its bigger stepbrother due to real-life businesses adopting the coin. 

"Eventually it will surpass the market cap of BTC that is only viewed as a speculative asset at this point."

Ver became a legend within the cryptocurrency community after accurately predicting Bitcoin's explosive growth as early as in 2011, but he later threw his support behind the competing fork that aims to solve BTC's scaling problem with bigger block size.       

'Bitcoin Jesus' Roger Ver Supports Arrested Ethereum Dev, Calvin Ayre Accuses Him of Treason

What's in store for Bitcoin Cash?  

As reported by U.Today, Ver earlier told CNBC's Mellissa Lee that Bitcoin Cash could potentially go up 1,000 times. However, despite all partnerships that he likes to showcase on Twitter, BCH is currently down by more than 95 percent from its all-time high of $3,750.    

image by coinstats.app

Another major Bitcoin rally will most likely result in yet another low for BCH, which makes the future of the fourth biggest cryptocurrency very murky.  

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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