Evaluating The Performance Of Bitcoin Cash (BCH) In A Volatile Market

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Bitcoin Cash (BCH) performance evaluation in a volatile market

The cryptocurrency world has undergone a significant volatility last year, with many major cryptocurrencies that see their prices floating wildly. In this article, we will evaluate the performance of Bitcoin Cash (BCH), a popular Altcoin and a hard fork from Bitcoin’s original chain.

What is Bitcoin Cash (BCH)?

Bitcoin Cash was created in 2017 by an individual or a group of people who wanted to increase the size of the Bitcoin network block size. The goal was to make it easier for miners to protect the network and reduce transaction commissions. BCH was launched on August 1, 2017 and obtained a significant traction as a Bitcoin competitor.

How does Bitcoin Cash work?

Bitcoin Cash is based on the same Bitcoin Blockchain technology, but with some important differences:

* Block size : BCH blocks are larger than bitcoin blocks, which allows the faster processing of transactions.

* Transaction commissions : BCH transaction commissions are lower than bitcoin, making it easier to send large amounts of money.

* Mining : The mining process is similar to bitcoin, but the block reward has been increased to 10,000 new bitcoins per block.

Bitcoin Cash (BCH) performance in a volatile market

Despite its popularity and broad adoption, BCH has undergone a significant volatility last year. Here are some metrics of the main performance:

* Price : The price of BCH has displayed it wildly, with an average daily variation of about 10 to 20%.

* Return to investments : In the last 12 months, the price of BCH has returned an average of -60% (ie investors lost $ 1 for each dollar invested).

* Volatility Index : The volatility index, which measures market volatility, has increased significantly in the last year. In April 2020, the BCI’s volatility rate reached a maximum of 500%, making it one of the most volatile cryptocurrencies in history.

Main Volatility Driver of BCH

Several factors contribute to the Volatility of BCH:

* Regulatory Uncertainty : The regulatory environment for cryptocurrencies is not yet clear and uncertain, leading to price fluctuations.

* MERCHATE SIMPLE : Investor’s feeling can move quickly, influenced by news and advertisements in the cryptocurrency market.

* Network congestion

: High network congestion can lead to an increase in transaction commissions, which can further reduce prices.

Comparison of BCH performance with other cryptocurrencies

BCH has experienced significant volatility compared to other cryptocurrencies. For example:

* Dogecoin (Doge) : Despite the relatively stable price of about $ 0.10, Doge lost more than 90% of its value last year.

* Litecoin (LTC) : The price of Litecoin oscillated between $ 100 and $ 200 per currency, making it one of the most volatile cryptocurrencies.

* Monero (XMR) : The price of monet has undergone a significant volatility, with an average daily variation of about 5 to 10%.

Conclusion

In conclusion, Bitcoin Cash (BCH) is a high and high recharge cryptocurrency that has undergone a significant volatility last year. Although attractive to investors looking for a stable and potentially profitable investment opportunity, their price fluctuations make it essential for investors that address caution.

To mitigate the risk, investors should:

* Diversify your portfolio : Spread investments in various cryptocurrencies to minimize exposure to any specific activity.

* Configure light goals : Set specific investment goals and adapt portfolios according to.

* Keep informed : Constantly monitor market trends and news to make informed investment decisions.

Responsibility exemption

This article is only for information purposes and should not be considered as an investment consultancy.

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