Bitcoin Cash Price Prediction 2023, 2024, 2025, 2030

Bitcoin Cash is a Bitcoin hard fork created in 2017 following a disagreement over the Bitcoin network’s design. After getting off to an explosive start, the price has been unable to keep up with Bitcoin’s in recent years. However, that could all be about to change due to an interesting turn of events.

This Bitcoin Cash price prediction explores the BCH price potential, using fundamental and technical analysis to predict its price between 2023 and 2030.

Bitcoin Cash Price History

Bitcoin Cash began in 2017 as a hard fork following the Bitcoin SegWit upgrade. The upgrade aimed to reduce the data stored on the Bitcoin blockchain for each transaction. However, some of the Bitcoin community believed Bitcoin should go a step further and increase the block size limit.

The disagreement led to the chain splitting in two, with the Bitcoin Cash hard fork increasing the transaction block size from 1 MB to 8 MB.

As a result, Bitcoin Cash offered cheaper and quicker transactions than Bitcoin, enabling the chain to be used for day-to-day payments rather than as a store of value like Bitcoin. However, the tradeoff was that miners would have to store a lot more data. This meant hardware would become more expensive, leading to more centralization.

Since Bitcoin Cash was a hard fork, all Bitcoin holders received an equal amount of BCH to their BTC holdings for free.

According to CoinMarketCap, Bitcoin Cash began trading at $412 following its release. The hard fork occurred on 1 August 2017, and by 20 December 2017, BCH reached its ATH of $4,355.62.

Following this, the 2018 bear market ensued, causing BCH to plunge to its all-time low of $75.08 on 15 December 2018. The price slightly recovered by 2019, trading between $200 and $500 until 2021, when the price peaked around $1,500.

Bitcoin Cash entered a downtrend in 2022 with the rest of the market, mostly trading below $200. However, the price has surged recently, rendering BCH one of the top gainers following its listing on the institutional-backed EDX exchange.

The current BCH price is $184, climbing 73% in seven days and dropping 2.53% in the last 24 hours. However, the price remains 95% down from its ATH.

Bitcoin Cash price history key points:

• BCH launched in 2017 as a hard fork, starting trading at $412.
• It reached its ATH of $4,355.62 on 20 December 2017.
• During the 2018 bear market, the price reached an all-time low of $75.08.
• Throughout the latest bear market, BCH has traded under $200.
• A recent exchange listing has caused BCH to surge 73% in seven days to $184.

Bitcoin Cash Price Prediction 2023

The crypto market has made significant gains recently after Blackrock filed for a Bitcoin ETF. Following this, several other institutions like Fidelity filed for their own, causing a massive stir in the crypto markets.

Then in recent days, the announcement of Bitcoin Cash being listed on the EDX exchange caused the price to break its bear market resistance level.

The news proved significantly bullish for Bitcoin Cash because only four cryptocurrencies will be listed on the exchange – Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

Leading institutional funds such as Fidelity, Citadel, and Charles Schwab are backing the exchange, meaning these coins could see a lot of new liquidity. Consequently, we could see lots of new demand for Bitcoin Cash from institutions looking to diversify from Bitcoin and Ethereum.

Considering the Bitcoin Cash price chart above, it is likely that in the near term, we will see a retest of the $135 level. However, we expect the price to bounce due to the newfound institutional interest, potentially reaching the key level of $345.

Therefore, our Bitcoin Cash price prediction estimates possible lows of $135, highs of $345 and an average price of $240 by the end of 2023.

Cryptoassets are highly volatile and unregulated in most EU countries, Australia and the UK. No consumer protection. Tax on profits may apply. Your capital is at risk.

Bitcoin Cash Price Prediction 2024

With experts predicting Bitcoin could reach $100,000 by the end of 2024, other coins will likely climb too. However, as we can see from the Bitcoin Cash price chart below, BCH could not regain its 2017 ATH in the 2021 bull market.

According to the macro trend line, BCH could reach highs of $297 by the end of 2024. Nevertheless, Bitcoin Cash has several fundamental factors currently working in its favor.

Firstly, as mentioned, Bitcoin Cash is a hard fork of Bitcoin that enables cheaper and faster transactions. It currently has a 32 MB block size limit compared to Bitcoin’s 1 MB.

Due to the introduction of Bitcoin Ordinals, transactions have gotten slower and more expensive on the Bitcoin network recently. This will likely amplify as the Bitcoin price increases in 2024, causing some investors to seek cheaper alternatives like Bitcoin Cash.

Another factor to consider is the SEC’s recent lawsuits against Coinbase and Binance for selling unregistered securities. The SEC chair, Gary Gensler, previously said that Proof-of-Stake cryptocurrencies are securities.

However, Bitcoin Cash uses a Proof-of-Work consensus mechanism, meaning it is better protected from regulatory attacks. With this in mind, it could become popular among institutions and less risk-averse investors who want to buy cryptos with regulatory clarity.

Overall, these factors present substantial bullish potential for Bitcoin Cash. Therefore, our Bitcoin Cash price prediction estimates a maximum price of $450, a minimum price of $200 and an average price of $325 by the end of 2024.

Bitcoin Cash Price Prediction 2025

Crypto bull markets generally last between 12-18 months, so providing it starts in 2024, we expect the end of 2025 to signify the peak.

However, Bitcoin Cash’s advantages over Bitcoin, such as scalability and speed, come at a tradeoff. As mentioned, the hardware requirements to process 32 MB blocks can become very expensive, meaning only mining farms and institutions can afford to mine Bitcoin Cash.

Moreover, the lower transaction fees for Bitcoin Cash make the coin significantly less profitable to mine. In other words, miners are willing to expend less computational energy to mine blocks, leading to a lower hash rate and weaker network security.

According to CoinWarz, the average Bitcoin hash rate is 377.70 EH/s. In comparison, the Bitcoin Cash hash rate is currently just 4.04 EH/s, and before the recent BCH price increase, it was below 2 EH/s throughout the last year.

As seen on the Bitcoin Cash chart below, the hash rate has remained below 5 EH/s since 2017.

However, during the same period, the Bitcoin hash rate has climbed steadily, showing a much healthier progression in network security, as seen below.

Bitcoin Cash has sacrificed security and centralization to provide faster and cheaper transactions. Moreover, Bitcoin has a layer two solution, the Bitcoin Lightning Network, which facilitates secure, decentralized, fast and cheap transactions.

With this in mind, Bitcoin Cash may struggle to break its previous bull market high, but the recent institutional interest means there is still growth potential.

Based on our considerations above, and historical price points, our Bitcoin Cash price prediction 2025 estimates a possible high of $807, a low of $450 and an average price of $628.5.

Bitcoin Cash Price Prediction 2030

Long-term price predictions are often challenging to make, particularly for a cryptocurrency like Bitcoin Cash which is currently undergoing a significant change.

As we have seen with the recent pump, a higher BCH price leads to a higher hash rate, making the network more secure. Considering the institutional interest and its capped supply of 21,000,000 coins, we could see increased demand and low supply – particularly if it becomes commonly accepted for payments. If this occurs, the hash rate could finally climb higher, making the network secure and giving it long-term potential.

Nevertheless, the price of Bitcoin Cash has been unable to keep up with Bitcoin since its inception. The chart below shows the Bitcoin Cash price against the Bitcoin price since 2017.

BCH has continually lost value against BTC. While there is still potential for it to make a reversal, the probability is very low if we consider its past performance.

While this does not mean Bitcoin Cash cannot grow long-term, it limits its potential. With this in mind, our Bitcoin Cash price prediction 2030 estimates a possible high of $1,200, a low of $500 and an average price of $850.

Although it has the potential to climb higher than this, it seems highly unlikely, considering its lack of decentralization, security and past performance against Bitcoin.

Possible Highs and Lows of Bitcoin Cash Price

Despite its difficulties, Bitcoin Cash still has potential and could become one of the best bull market cryptos. The table below shows our Bitcoin Cash price forecasts between 2023 and 2030.

What Do Other Analysts Predict for Bitcoin Cash?

The recent influx of institutional interest makes Bitcoin Cash a high risk to high reward crypto. With that in mind, we have summarized the Bitcoin Cash forecasts from several analysts below to gain a clearer understanding.

What is Bitcoin Cash and What is it Used For?

The design of Bitcoin Cash is similar to Bitcoin, except for a few changes to the rules, increasing the network’s block size from 1 MB to 32 MB.

However, since the chain split in 2017, the two blockchains have gone down different and distinct routes.

While the primary purpose of Bitcoin is a store of value, the goal of Bitcoin Cash is to be used for everything from buying a cup of coffee to transferring money internationally.

Bitcoin Cash Overview

What Influences the Price of Bitcoin Cash?

Since Bitcoin Cash is focused mainly on payments, one of its key price drivers is the demand to send and receive payments with it. This means that the number of vendors who accept Bitcoin Cash can play a significant role in increasing its price.

Another price driver is speculation. As seen following the EDX exchange listing, speculation of further adoption leads investors to buy the coin to try and make a profit later, pushing up the price.

The broader market’s performance also influences the Bitcoin Cash price. Bitcoin Cash generally moves in unison with the rest of the market; however, it has also displayed higher levels of volatility in recent years.

Is Bitcoin Cash a Buy?

It is unlikely that Bitcoin Cash will prove to be one of the best long-term crypto investments. This is mainly due to its security and decentralization flaws and is evident in its inability to create a new ATH in the last bull market.

However, the recent interest from institutions and relative regulatory certainty give it an upper hand in the short term compared to some Proof-of-Stake cryptos. For example, if you read our Polygon price prediction, you will know that one of MATIC’s primary risks is its regulatory issues.

Conclusion

Overall, while Bitcoin Cash has room for growth, it faces several issues that are challenging to fix and present significant downside risk for the coin.

With this in mind, we have compiled a list of the best cryptos to buy today.

Cryptoassets are highly volatile and unregulated in most EU countries, Australia and the UK. No consumer protection. Tax on profits may apply. Your capital is at risk.

References

https://www.cnbc.com/2017/08/09/bitcoin-segwit-milestone-paves-way-for-lightning-network.html

https://www.bloomberg.com/news/articles/2023-06-20/crypto-exchange-backed-by-citadel-securities-fidelity-goes-live

https://www.reuters.com/technology/bitcoin-hits-1-year-high-amid-blackrock-etf-excitement-2023-06-23/

https://www.cnbc.com/2023/04/24/bitcoin-btc-price-could-hit-100000-by-end-2024-standard-chartered.html

https://www.reuters.com/technology/cryptoverse-new-breed-bitcoin-nfts-sell-millions-2023-03-14/

https://www.bloomberg.com/news/articles/2023-03-15/sec-s-gary-gensler-signals-tokens-like-ether-are-securities

https://www.cnbc.com/2018/11/26/bitcoin-nears-its-worst-ever-bear-market-down-more-than-80percent-from-the-high.html

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Elliott Lee

Elliott Lee

Elliott is a British cryptocurrency journalist and copywriter. Having spent the past couple of years immersed in everything crypto, he now spends his time researching the most impactful cryptocurrency trends. He looks for projects with long-term visions and is a huge believer that blockchain technology can solve the world's most pressing issues.

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