My Most Preferred Cryptocurrency: Bitcoin Cash (BCH)

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Since Bitcoin (BTC) the giant of cryptocurrency has become more and more popular, the amount of time it takes to process a transaction has become slower and slower, which has made the cost of each transaction more expensive for the sender.

My most preferred cryptocurrency
It is linked with the world most popular cryptocurrency, bitcoin. Forked out of Bitcoin is my favorite cryptocurrency. Ladies and gentlemen I present to you my most preferred crypto – BITCOIN CASH (BCH).

It was created from deliberation on how to improve Bitcoin’s technology. Bitcoin cash was built by Bitcoin hard fork conducted on August 1, 2017 and resulted to the creation of new version of blockchain with different rules, the software now has capacity for a large number of transactions (by eight megabytes to be exact).

My Bitcoin cash trade began this in September 2020 with about 0.8 BCH. My account is still building as I have initiated platforms such as read.cash were I can easily build my BCH with necessary having to buy.

Bitcoin cash; before, now and the future
Bitcoin Cash started trading on the opening value of about $290 per coin. The new cryptocurrency immediately hit the top of the ratings in terms of market capitalization, with its price more than doubling the next day to reach a $756.93 mark. The coin ended its second day of trading at $452.66, boasting of a market cap of 7,460,771,889. By August 19, its value soared to $1,091.97.

After peaking at this price, BCH started to depreciate gradually. By the middle of October 2017, it fell below the $315 mark as many people who had originally held BTC started to sell BCH coins they received at the hard fork.
As the market started to recover slowly, Bitcoin Cash appreciated to $522.09 by the end of June 2019. However, another price decline was not long in coming, with BCH plummeting to $210 by the end of the year.

The market experienced a boost at the beginning of 2020, seeing BCH investments in the upward trajectory. On February 14, BCH was worth $493.03. However, once the Covid-19 pandemic hit the world, all the financial markets tumbled amid the increased economic uncertainty. Cryptocurrencies were not an exception.

On March 13, the BCH price plunged to $139.22 per coin. In the following days, the cryptocurrency escalated to end the month at $220.
After the hard fork that occurred few weeks ago, BCH has plummeted to about $340 USD market value as at today against previous predictions of 2021, shown below:

Price Prediction for Year 2021

BCH Crash and Recovery graph

Bitcoin Cash has a community and a substantial amount of other players (like businesses) in the ecosystem providing support for it. This is a clear sign of it having a strong future. As for me, am building my wallet and not even ready to sell off.

Why I preferred BCH to other cryptocurrencies
Bitcoin cash has proven by its creation and usage to be unique in these areas:

Transaction speed: Transactions and confirmations happen in seconds
Very reliable: network runs without congestion
Very low fee charges
Easy to use and very stable
Above all, it’s quite secured.

Other currencies am interested in

Cryptocurrencies catching my attention are:
Bitcoin
Etherum
Ripple
Tether
Litecoin
Tron

To improve the current Bitcoin system, Bitcoin Cash (BCH) was created. Bitcoin has already become the top 5 cryptocurrency even after it has faced serious challenging times since its creation.