Bitcoin Cash collapsed in half in 2 months

Bitcoin Cash quotes fell in price by almost 2 times over 60 days. At the end of June 2019, the price reached $ 480. But after 2 months, the cost fell to $ 282. The average market price of cryptocurrency has fallen due to external factors, political and other situations. The fall affected not only Bitcoin Cash, but also large crypto giants - Ethereum, Altcoin, Bitcoin.
Bitcoin Cash quotes nearly halved in 2 months

In addition to the depreciation of the currency, capitalization fell. She was more than 4 billion dollars 60 days ago. Over the past day, the price of Bitcoin Cash has fallen by more than 9% and amounts to $ 279.46 per coin.

The market rank is 3, and the maximum price for 7 days was at around 484 dollars. The fall followed the decline in the price of Bitcoin and other virtual money.

Buying and earning BCH

Every citizen can order Bitcoin Cash, having an electronic wallet for storing currency. Also, after the first hard fork, Bitcoin holders received the same amount of BCH.

Cryptocurrency earning is possible in several ways:

• With the help of mining. The hashing algorithm is used. To get tokens, you need to use a video card. It is possible to obtain coins using ASICs. For the block, the reward is 12.5 coins.
• Participation in free giveaways. You have to download a crypto wallet, create an account. During the distribution, virtual funds will be credited to the account.
• Revenue generation on quality content. Coins users can receive for posting unique information on the official website of the developer. The reward depends on the relevance of the content and user comments.
• Bitcoin Cash exchanger implements and buys. Cryptocurrency exchanges add a coin to the listing. The sale of a virtual asset takes place at BitFinex, Kraken and other sites.

Today, it will be possible to buy a token at almost any site on the Internet. Bidding is evenly distributed. The price on different exchanges is different. The average margin reaches $ 30 per unit.

The developers took care of the wallets in which the coins are stored. 2 wallets were issued. They can be downloaded from the official site. Storage is possible in paper and hardware wallets, mobile applications. Desktop clients are used to store cryptocurrency.

Cryptocurrency Price Change

The token appeared on the cryptocurrency market in 2017. The cost of Bitcoin Cash after the release reached $ 200 per coin. A month later, quotes increased to 576 USD. Market capitalization was $ 9.5 billion. The jump in prices provoked interest in the miners" project.

Analysts were sure that Bitcoin Cash would make a decent competition to its "brother" and the competitor - the classic MTC. After the correction, quotes fell by 30 percent. There was another price increase due to:

• release of official software;
• adding tokens to different exchanges;
• increasing the popularity of the currency.

The price of BCH exceeded a thousand dollars. In 2017, the historical maximum was 3.8 thousand dollars. The capitalization ratio exceeded $ 56 billion. At the beginning of 2018, the rate fell by half, then followed by another decline to $ 700.

In the spring of this year, the price was in the range of $ 140-180. At this point, the hacker took advantage of the software vulnerability, there was a double spending of funds. Token holders lost about one and a half million dollars. Due to panic, the course began to fall. Experts are convinced that developers need to work out the algorithms in detail in order to prevent further impact on the system from the outside.

Digital Asset Growth Prospects

Now Bitcoin Cash is cheap, but over time, analysts are convinced that quotes will increase again. BCH is a successful fork in the military-technical cooperation. It is popular with crypto miners, investors, and traders, despite price spikes. Platform technology is used by well-known companies. The asset is protected against inflation because emissions are limited.

Although the currency is promising, investors are alarmed by the following points:

• the presence of technical problems;
• constant competition with Bitcoin;
• manipulation of quotes.

The authors of the project note that an update is being tested, which will take the platform to a new level. It is planned to increase resistance to hacker attacks, increase network bandwidth, and reduce the time to confirm financial transactions. After the introduction of the new protocol, outsiders will not be able to track transactions.

Bitcoin Cache will be able to speed up its network if the “weight” of transactions is reduced. Commissions will be even lower when fractional satoshi technology begins. Adding a tool for formalizing smart contracts will positively affect the fate of the crypt. When everything you can implement is conceived, the price will begin to rise again, so you need to have time to purchase tokens at a low cost in order to earn money in the future.

The difference between Bitcoin Cash and the popular Bitcoin

Bitcoin Cash is different from its competitor. The project takes out transactions much faster. The block was first expanded to 8 megabytes, and then expanded to 32 megabytes. Thus, the system writes more operations in one block than before. Network bandwidth increased.

Another difference is low fees. For the operation you need to pay up to $ 0.01. Bitcoin holds about $ 8. The line of financial transactions is approximately 200 units, the classic cryptocurrency Bitcoin - from 7 thousand.