Bitcoin Cash sets another anti-record

This week, the bitcoin hard fork Bitcoin Cash (BCH) reached new anti-records, dropping 98% compared to BTC (which is already on the verge of $ 20,000 per coin).

According to Cointelegraph Markets Pro and TradingView, on June 29, Bitcoin Cash reached the lowest price in its recent history. At the time of writing, BCH is trading for $ 104, while its highest price reached $ 3500 (in December 2017).

$BCH now lower than it was in the winter of 2018−2019.

— Alex Krüger (@krugermacro) June 28, 2022

Today's BCH price has sparked an active discussion on social media. For example, Twitter users have emphasized that the bitcoin hard fork has never been so low even during the "cryptocurrency winter" of 2018-2019. In fact, this is not entirely true, and the token was sold for $76 in December 2018.

How it started vs. How it's going:

(Roger Ver / BCH edition) pic.twitter.com/kNcRjsujhU

— K A L E O (@CryptoKaleo) June 28, 2022

Obviously, many crypto investors, worried about the future of cryptocurrencies and their funds, listen to analysts' forecasts — some of them differ dramatically. For example, the popular crypto analyst Dave Wave recently told his Twitter followers that bitcoin will grow by more than 1100% over the next four years. However, Ian Garnett, co-founder of Absolute Strategy Research, said that bitcoin will drop by 40% to $ 13,000 per coin.