BitcoinCash wasn’t believed that it would rise in price so much. In only one week, BitcoinCash rose with 80%. Last week BitcoinCash was at the price of $777.15. At the end of the week, on Friday night, BitcoinCash hit the price of $1,142.50.
Certainly, BitcoinCash could hit again $800.00, but the signs show that the chances are big to hit the price of $2,000.00
BitcoinCash today?
At the time of writing, BitcoinCash is valued at $1,390.61, up a huge 19.67%, this, is a significant hike.
Having a price around $1,400.00, Bitcoin Cash is showing a trusting promise that it can reach $1,500.00. From $1,500.00 to a price of $2,000.00, it is a small step. If the market goes in the right direction, it will very easy for Bitcoin Cash to jump from $1,500.00 to $2,000.00.
What is interesting is that Bitcoin Cash is somehow connected with Bitcoin. According a report, every time Bitcoin rose its price, also Bitcoin Cash has increased its price. When Bitcoin hit $7,000.00, Bitcoin Cash had around $700.00. Another situation, Bitcoin had around $8,000.00, Bitcoin Cash moved to $800.00. Once Bitcoin jumped $9,000.00, Bitcoin Cash rose its price at $1,400.00. Taking in account this report, it seems that Bitcoin Cash could climb its price at stunning values.
We may see some selling activity increase if Bitcoin Cash hits $1,500.00 soon, which of course will change the trajectory of its value. However, even so, the $2,000.00 mark shouldn’t be so impossible.
This is the start of an exciting time for Bitcoin Cash, the value of the currency is moving up and it seems to be cutting its associations with Bitcoin. Bitcoin Cash, of course, is due for another hard fork next month, which should both enhance the technology behind the currency and, further detach the Bitcoin Cash from Bitcoin itself.
For now, we should continue to watch how Bitcoin Cash progresses. $1,500.00 is significant, and it is closing in, fast. $2,000.00 was a pipe dream, but, it now seems to be more of a case of when, rather than if.