In August 2017 Bitcoin was divided, and Bitcoin Cash appeared. Users got the same amount of coins of the new cryptocurrency on their wallets. The price of BCH immediately rose to $300. After a week, the price of the new digital currency continued its “bullish” trend and reached $800. Today experts give various forecasts of the Bitcoin Cash exchange rate for the 2018.
Bitcoin has an unstable rate, so, its clone’s price isn’t stable, too. Experts are hesitant to give 100% forecasts for 2018, as the price can both grow suddenly and decline. Many analysts believe that you need to switch to BCH, completely getting rid of Bitcoin. Then the clone will be able to develop rapidly.
This coin is traded on many cryptocurrencies exchanges, such as ViaBTC, Bittrex, Bitfinex, HitBTC, etc.
Perhaps, at the beginning of the current year, the Bitcoin Cash’ price will exceed the rate of its “donor”. Experts believe that one should start buying BCH now, otherwise its price can soon grow up to $3000.
Analysts are sure that Bitcoin Cash is very promising. Thanks to it many problems that have arisen with the BTC can be solved. Undoubtedly, the creators don’t disclose the details, but according to analysts Bitcoin is doomed because of small transaction speed, large commissions and complex one-off payments. These problems were envisaged when creating a clone.
Experts say that it’s already impossible to keep up with the digital currency, and if you spend money on something new, the purse can go completely empty. In order to save capital, one shouldn’t spend more than 30% of the total amount in the wallet. If the rate increases, then your capital can grow. Of course, there are risks that the new cryptocurrency can disappear as quickly as it appeared. Now the rate of Bitcoin Cash rises rapidly. Beginners began to buy it, hoping that it will repeat the success of Bitcoin.
According to the current forecasts in August 2018 the Bitcoin Cash’ price will grow up to $2200-2800. Of course, it will depend on many factors, which earlier didn’t prevent Bitcoin to become so popular.
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