All right. So I’m going to be going over if Bitcoin Cash can reach 5K to 10K in 2022. 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 $480 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 30 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 $480 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 2022? 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?
The eToro platform is an excellent website for buying cryptocurrencies. You can start at a low minimum, as low as fifty dollars, and you can try using up to fifteen cryptocurrencies. It is accessible in 41 states in the United States of America and is used in 140 countries. This platform allows you to create your own unique portfolio. If you are new to trading cryptocurrency, eToro™ also provides the ability to use the CopyTrader software. Which lets you look at what other traders are doing and incorporate the same options into your own portfolio. eToro™ has a mobile friendly site that is very user friendly. If you use it in the US your funds are insured through the FDIC in amounts up to 250 thousand dollars. Additionally, when you maintain a portfolio of cryptocurrency on eToro™ you are purchasing the action assets. You can get started on eToro by clicking here.
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.