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Bitcoin Cash Price Analysis 2019 – How About $2400 Price in the Near Future? [Expert Opinion]

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  • Vera Yurina
    📈 Price Predictions

    Bitcoin Cash price forecast 2019 from leading crypto experts and websites: BCH promises to grow at least tenfold

Bitcoin Cash Price Analysis 2019 – How About $2400 Price in the Near Future? [Expert Opinion]
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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For many crypto holders, Bitcoin Cash is much more appealing than Bitcoin – it offers a higher processing speed and lower fees. Like its parent coin, Bitcoin Cash went through a boost in 2017: being launched for the price of $250, it hit the $651 mark within one day and managed to reach $900. After that, a serious crypto market nosedive followed, and BCH was struck by this wave, too.

Here’s how BTC and BCH differ
Bitcoin vs Bitcoin Cash – main differences

The storm seems to be quieter now, and the crypto world is very optimistic about Bitcoin Cash price predictions.

What do experts think?

The crypto market is ever-volatile, and the BCH price can change in minutes, so making short-term predictions is quite hard. However, experts looking at the future of Bitcoin Cash readily make predictions concerning how it will perform in 2019. Let’s check out their opinions.

  1. Roger Ver, one of Bitcoin's main supporters, is sure that BCH can gain considerable value within two years. He is convinced that Bitcoin Cash can be stored and used just like cash, so it’s perfect for everyday purchases.

  2. According to the Trading Beasts website, 2019 will be a lucky year for BCH because its price could go up to $2,703.17. In 2020, it will continue growing to reach as much as $5,635.44 and be as low as $3,832.10.

  3. The Smartereum crypto prediction platform states that Bitcoin Cash will reach as high as $6,700, which means x55 growth within a year. Their five-year BCH prediction is mind-blowing: $24,600 seems to be a fantastic sum.

  4. CryptoGround provides a more realistic price prediction: BCH might reach $707 by the end of this year and crawl to the level of $3,067 within five years.

  5. The Us Lifted crypto prediction website gives a very generous BCH prediction: $9,735 by the end of 2019. Considering the current price of $123, this is too bullish and optimistic.

Users from various forums speculate that Bitcoin Cash can reach $9,560.28 within two years, which doesn’t seem to be realistic at this very moment.

What can drive BCH growth?

However, we cannot ignore BCH’s salient features. First, this cryptocurrency is more technologically advanced than Bitcoin. Secondly, BCH is being actively developed. There are several teams working on BCH: they represent many projects, including Bitcoin Unlimited, Bitprim, Nchain, Bitcrust, ElectrumX, Parity and Bitcoin XT.

Recently, Bitcoin Cash got listed on the Gemini Exchange, which will contribute to its growth. Besides, a few months ago, Bitcoin Cash counted over 2.1 mln transactions, which accounted for 63% of total cryptocurrency transactions made within that 24-hour span. This was a very successful achievement of the BCH community, and they hope to repeat this scenario.

Thus, we can conclude that Bitcoin Cash has great chances to reach the $1,000 threshold this year, and crawl to $2,000 or higher by the end of 2019.

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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About the author

Crypto writer, blockchain geek & Bitcoin holder with a strong belief in the power of cryptocurrency. Veronika combines in-depth analytical approach with creative writing to deliver the texts that both inform and entertain. With hundreds of reviews, SEO articles and marketing texts under the belt, she has experience of working for blockchain Medium channels, Cryptodiffer site and ICOs. Part of U.Today team since 2018, she focuses on crypto price predictions and monitors the market to provide the most relevant info & opinions.

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XRP Liquidity Index Surges Past 9 Bln, Leaving Previous All-Time High Behind

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    The Liquidity Index for XRP paired with MXN reaches another all-time high of 9 mln, taking the XRP adoption in this sector to a new level

The XRP liquidity index on Mexican exchange Bitso exceeds 9 bln
Cover image via 123rf.com
Contents

The Ripple-invested Mexican Bitso exchange is a partner of Ripple and MoneyGram in the Mexican On-Demand Liquidity corridor launched this year. Bitso is the largest Mexican exchange and its participation in the Ripple and MoneyGram’s project has been successful.

The Liquidity Index for XRP in Mexico adds another million

The Liquidity Index for the XRP/MXN pair is growing fast, leaving behind one all-time high after another.

Today, on December 14, this index has taken a new level and got over the 9-mln mark with the daily progress being 92 percent.

The highest liquidity mark achieved previously was slightly under 8,568,000.

Another active ODL corridor leads to the Philippines through the local Coin.Ph exchange and its liquidity index has also risen for the first time recently.

XRP gets mentioned by the US government

As reported by U.Today, the US governmental agency, the Consumer Financial Protection Bureau (CFPB), has for the first time mentioned XRP in its document, describing the asset as a reliable remittance method which makes the process much faster and cheaper for companies that have a limit on conducting money wires each year.

The document called Ripple and XRP a safe harbor. It also called Ripple one of disruptors of the remittance industry, as well as the new SWIFT’s GPI system, a rival of Ripple.

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Large XRP transactions keep pestering the community

Recently, a large XRP transaction was spotted by the Whale Alert Twitter account when a whopping 150 mln XRP was sent from one anonymous account to another.

Many in the XRP community often criticize those who do them, with Ripple getting the largest portion of criticism, when every month it releases 1 bln XRP from its escrow account. The community believes that these dumps keep the coin’s price low.

There may be a grain of truth in this, since the XRP price has been unable to cross the $0.30 threshold for a long time and recently, after dropping below $0.22, it has been floating in the $0,21 area.

Even the much-expected SWELL conference, annually conducted by Ripple, did not push the XRP price to the North, breaking expectations of many investors.

XRP price CMC
Image via CoinMarketCap

 

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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