Bitcoin Cash: Is It Still Alive?
At first, many platforms even refused to place this coin. Well, now it is at the forefront of all popular venues. It is worth noting that this coin does not have a favorite exchange, and all trades are distributed evenly. This is a convenient tool for exchange arbitrage.
At the beginning of the year, this currency reached $ 110, but by May the cost was as much as $ 406. Should we expect the growth of this coin? If NASDAQ began to broadcast rates on its stock exchange, then most likely this currency will last on the market for a long time. But since its network, this coin has caused a lot of controversy in the cryptocurrency community.
Look at the current value of this crypto, in any case, a sharp drop should not be expected. Only if the whole market crashes. But again, if we consider this coin from the point of view of the fact that it is related to the BTC, in all probability, even in case of collapse, it will be able to stay afloat.
Is it worth investing a lot of money? Most likely, you do not need to do this based on many expert opinions, especially in the context of the short term. Moreover, the price is not so low today. But on the other hand, there are many forecasts that speak of a positive change.
It is worth emphasizing that it is possible to predict changes in this coin using BTC. Many have long noticed that after a change in BTC, a similar change follows in Bitcoin Cash, but a bit late. Therefore, you can focus on the top coin to understand what will happen to this. You can try to buy cryptocurrency of not large amounts, so as to be safe. But also consider in the medium term.