Bitcoin Cash price and performance
Bitcoin Cash (BCH) is a clone of an older version of Bitcoin on which the development team continues to evolve and modify certain parameters.
what is the current price of BCH and why track it?
What is the price of Bitcoin Cash?
The price of Bitcoin Cash can be found on platforms that offer exchanges in Bitcoin Cash. You only need to look for its ticker, BCH, or look up BCH price.
Bitcoin Cash was launched in August 2017 following a hard fork in Bitcoin. This means that Bitcoin Cash is an offshoot of Bitcoin and they share certain characteristics (most notably the technology based on the blockchain). However, Bitcoin Cash operates on a different blockchain.
The price of Bitcoin Cash also differs from that of Bitcoin. As of early April 2022, its price was moving between €300 and €350, far from Bitcoin’s level. In any case, while 1 Bitcoin Cash was worth between €300 and €350 at that time, the price of Bitcoin Cash can change very quickly from one day to the next. To know exactly how much the price of Bitcoin Cash currently is, you only need to look at the real-time chart at the top of this page.
What is the point of knowing the price of Bitcoin Cash?
Like all digital currencies, Bitcoin Cash has had strong fluctuations in its price. Crypto investors need to follow the price of Bitcoin Cash and other crypto-assets in real time. Knowing how much Bitcoin Cash is allows an investor to buy and sell at the desired price and time and hopefully make a gain on the amount that was first put into the asset. At Coinhouse, we make sure that you can find out the price of all cryptocurrencies in real time.
How has Bitcoin Cash performed?
What has Bitcoin Cash’s performance been in recent months?
The price of Bitcoin Cash has been on a downward trend since the start of 2022. In April, BCH dropped below €300 after having traded for around €380 at the start of January. On the other hand, people who bought the coin in early February would have bought Bitcoin Cash between €245 and €255 and could have made some quick gains in trading. For example, the price of Bitcoin Cash was around €245 on 3 February 2022 and it went back above €300 on 15 February.
What has the price of Bitcoin Cash been over time?
When it launched on 1 August 2017, Bitcoin Cash started at a price of $900 – a sharp contrast to Bitcoin’s first price estimate of $0.001 back on 5 October 2009.
As a fork of the Bitcoin blockchain, Bitcoin Cash benefited from the history of its bigger sister, which is still today the largest cryptocurrency. The new crypto was also supported by Bitmain (one of the largest mining platforms in the world), which enabled Bitcoin Cash to gain swift momentum in its beginnings. The Bitcoin Cash price reached $3,785.82 (about €3,187.12) in December 2017.
One year later though, on 16 December 2018, Bitcoin Cash’s price had fallen to its historic low of $76.93 (approximately €68). Since then, the price has climbed again, passing the €1,000 mark in May 2021. In fact, Bitcoin Cash reached €1,273.84 on 12 May that year, a level first seen back on 8 May 2018 but not seen again in recent months.
Outlook for Bitcoin Cash – what the future holds for BCH
Bitcoin Cash: an estimable coin
While not as old as Bitcoin, Bitcoin Cash still celebrates its fifth anniversary on 1 August 2022, which provides a certain amount of history on this cryptocurrency. With a market cap of around €6.5 billion, Bitcoin Cash is one of the 30 largest cryptocurrencies. Moreover, Bitcoin Cash draws a bit of its aura from probably the safest crypto-asset out there, Bitcoin (from which it forked). The work of developers on the Bitcoin Cash blockchain is also highly esteemed.
Bitcoin Cash: one of Coinhouse’s select cryptocurrencies
Coinhouse might not have included Bitcoin Cash among its most promising cryptocurrencies of 2022, but that does not mean that this crypto-asset should be ignored.
Firstly, it is one of the digital currencies available on Coinhouse. We choose to add only a certain number of cryptocurrencies. Bitcoin Cash has been available on our platform since March 2020 and is one of the 40 cryptocurrencies hand-picked by our Research & Analysis team. These crypto-assets are chosen because they appear to offer the highest potential while being the safest.
Secondly, the price of Bitcoin Cash fluctuates greatly and might offer a huge opportunity to investors this year as it did in the past.
Bitcoin Cash and predictions: track the price of BCH closely on Coinhouse
Bitcoin Cash has, since its creation, been a highly volatile crypto-asset. It hit its all-time high and then its all-time low within one year of each other (December 2017 and December 2018 respectively).
In general, BCH tends to be held for short periods as a means to benefit from the rapid changes in its price performance. Investors in Bitcoin Cash, who might be seeking short-term gains, need a platform that enables them to buy and sell quickly and easily. Coinhouse is an excellent option to deal with its fluctuations.