Let's tackle the latest price developments of Bitcoin Cash and answer the question of whether this cryptocurrency is still interesting in 2022. 

Bitcoin Cash (BCH) emerged from a so-called fork, a split from the Bitcoin blockchain. A fork from the Bitcoin blockchain was nothing new at the time. Already in 2011, the famous fork of Litecoin from Bitcoin took place. The cash spin-off took place on August 1, 2017. 

The goal of the fork was to increase the block size from 1 MB (standard for the Bitcoin blockchain) to 8 MB. As a result, the BCH allowed more transactions within a short period of time than the Bitcoin blockchain. However, the nodes (nodes) at Cash also require more data storage space. 

As already mentioned, Bitcoin Cash uses a block size of 8 MB compared to 1 MB for Bitcoin. BCH wanted to increase transaction speed and thus become a serious alternative to Bitcoin. However, this also has disadvantages:

• Larger blocks require more data storage space.
• It leads to a stronger centralization of the network.
• Due to higher hardware costs, only large mining companies can participate in the mining process.

The Bitcoin Blockchain has also evolved and enabled faster transactions with the Lighting Network. BCH remains relevant as an alternative precisely because of its recognition value.

Bitcoin Cash (BCH) was one of the most popular cryptocurrencies on the market shortly after the fork. BCH was in the top 5 cryptocurrencies at times during the 2017 bull market. In the following years, however, the cryptocurrency was not able to keep up that high, also because the disadvantages of the larger block size became more and more visible. 

In the last 3 months, the development of the Bitcoin Cash course was similar to that of the Bitcoin course. Losses were heavier in January and February. The price stabilized in mid-February and in March it rose again to levels similar to those at the beginning of the year. At the moment, the BCH rate is 369.50 US dollars (as of March 31, 2022).

Now is a good opportunity to purchase the BCH. Easily buy BCH and other coins on the Binance  and  Bitfinex exchanges !

The goal of Bitcoin Cash has always been to become a more useful alternative to Bitcoin in everyday payment transactions. Thanks to the larger block size, microtransactions, and permission-free spending should now be easier to carry out. 

There are also developments to expand Bitcoin Cash with smart contract functions. With these innovations, BCH wants to become a real digital payment network, in contrast to Bitcoin. Bitcoin has become more of a store of value and investment object in recent years.

The number of digital service providers offering Bitcoin Cash as a means of payment is said to have increased in recent months. Major crypto payment providers like BitPay, Coinify and GoCoin support BCH. Nevertheless, the echo and hype surrounding the Bitcoin fork has weakened significantly since 2018. 

Bitcoin Cash has been very quiet in recent months. There is a lot of competition in the area of ??decentralized payment providers and the recognition value through the name Bitcoin could help the BCH less and less. Still, the current price is cheap enough to get into the project.

Despite rather less news about BCH, the number of payment providers offering BCH is increasing. There is still potential for growth. Bitcoin Cash could be worthwhile as a supplementary investment for a broad crypto portfolio.

You can also purchase the BCH token on the crypto exchanges  Coinbase  and  Kraken  .

Despite a lot of bloodbaths lately in the crypto market, a few tokens remained immune to sharp volatility. BCH or Bitcoin Cash is one such notable mention that witnessed just a 1.27% decline when compared to other tokens that had registered 10% to 20% price corrections in the past week. So, if you want to include BCH in your portfolio citing its stability and non-correlation with other crypto assets in the market, in this article, we shall cover everything relevant enough to help you make a decisive call. Read on to get all the insights shaping your investment in crypto, especially in BCH  for 2022. 

BCH or Bitcoin Cash shares much of all the traits of Bitcoin; however, it does introduce a whole lot of new features like scaling the block size to include more transactions. The 32MB block size on which BCH hard forked from BTC allows as many as  200 transactions to be processed per second. 

Thus paving the way for more utilities like derivative trading, staking, token minting to go live on the ecosystem. Now users of the BCH blockchain can very well tokenize digital artwork on BCH marketplaces, trade in-game assets, and send money in all proportions: big or small in no time at a marginal cost which they couldn’t do on the Bitcoin blockchain at lower costs.

After carefully analyzing the correlation between BTC and BCH, one can infer that it could behave paradoxically sometimes. The correlation coefficient stands at 0.86, which establishes a positive correlation, but the asset has behaved otherwise in a few instances. Had it been -1, it would have established a negative correlation. Or, if it was +1, it would have shown a very positive strong correlation, justifying much of such paradoxical movements. However, at 0.86, based on chart readings do signify somewhat a hybrid behavior nonetheless; but we have had our share of paradoxes while dealing in BCH.

As evident from the above image on November 26, 2021. In the year 2021, BTC saw a -5.29% decline in its prices, whereas, BCH registered a +3.88% growth on the same date.  However, when we read their correlation chart on February 8, 2022, BTC registered -38.84% whereas BCH saw -53.3%.  Here, we do see BCH has fallen more than BTC. Thus, establishing the fact that they are not a mirror image of each other rather they have their own metrics based on which the prices move. 

BCH didn’t have a very promising 2021 as the prices have fallen by more than 60% in the last few months. In between May to July, the coin reached $1400 only to drop down to as low as the $300 mark. 

The fall below the Keltner channel as indicative from the chart given below signifies a downtrend that could be imminent in the coming days. 

However, if we see the 200 days MA, it is well above the 100 Days MA which signifies that a possible uptrend in the future cannot be ruled out either.

To sustain the prices, BCH must break the resistance levels as shown in the below chart. If BCH can go past resistance 1 and 2, we could well see a breakout and BCH could go as high as  $822; however, if bears could dominate in the coming months, BCH may go as low as $195 by 2022.

? Buy BCH Here ?

BCH could be a worthwhile investment for 2022 since it can easily accommodate all the use-cases of DeFi. On top of this, BCH has also provided easy mining features with news floating all over social media and the Internet that in June 2021 someone was able to mine BCH using Raspberry Pi4 which is simply unprecedented. Considering that ASICS mining is too cost-intensive, we could very well see the sentiments moving to BCH for mining profitability. 

Here are a few key exchanges where you can buy BCH or Bitcoin Cash. 

• Binance
• Gate.io
• Coinbase
• Kucoin

For safe-keeping, it is advisable to keep your crypto secure in a hardware wallet. There are multiple hardware wallets that you can pick; however, based on our experience, we personally recommended Ledger Nano due to security and multiple tokens supported.