All right. So I’m going to be going over if Bitcoin Cash can reach 5K to 10K in 2021. While this is not financial advice I do feel their is a lot of upside to where this coin could go. At this moment Bitcoin Cash sits at about $1,000 per coin. Its all time high is around $4,000 per coin. That was all the way back when Bitcoin was only worth around $20,000. Alright so lets take a closer look at where think this coin could go.
What Is Bitcoin Cash?
Bitcoin Cash is a cryptocurrency that was created in 2017 from a “fork” in the original Bitcoin blockchain. Think of it as a branch on a family tree that can then form new branches of its own. The biggest benefit to Bitcoin Cash is that it is able to process transactions more quickly than the Bitcoin network. Meaning that wait times are shorter and transaction processing fees tend to be lower.
Coin Ranking & Price
For most of its life Bitcoin Cash has been in the top 20 coins. It has hovered around the number 10 spot of late, but has always been a top altcoin. It’s market cap is currently close to 20 billion dollars. As we mentioned earlier you can get some of this coin at the moment for $1,000 dollars. While that may seem high you have to try and look into the future which is some what speculating, but we have some stats to work off of.
Price Predictions 2021
So can Bitcoin Cash reach $5-$10k in 2021? Well I am going to stick to the safe side of things and say I imagine a price between $2k-$3k per coin. Believe me that’s still a solid return from its current price, and the potential to go even higher will also be their. I just want to point out this is not financial advice and you should always do your own research. I will say however I am seriously bullish on this one.
Where To Buy Bitcoin Cash?
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Bitcoin Cash is one of those crypto’s you should really look into. It was also introduced to the Paypal platform this year as well. I do truly believe it has staying power and the price will likely increase steadily over time. If you would like to check out another solid crypto coin click here.