RATE Group | Bitcoin Cash Sellers Targeting $300
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Bitcoin Cash Sellers Targeting $300

20 Sep Bitcoin Cash Sellers Targeting $300

Posted at 05:30h in Bitcoin News by

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The debate around how best the network shall scale and provide passage for mass adoption in a coin that’s positioning itself as a medium of exchange is placing Bitcoin Cash value and investors in a precarious situation. While there are flickers of reversal in lower time frames, our Bitcoin Cash price analysis predicts a possible depreciation towards $300 and $220.

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In less than two months, the Bitcoin Cash is set for another hard fork but this time, there are two camps competing for hash rates and implementation of their proposals. While there is room for neutrals believing the whole race lies on which group amasses the biggest share of hash rate to force an upgrade, they can find refuge in Bitcoin Unlimited and Bitcoin XT.

Anyhow, at the back of recent Bitcoin Cash stress test, there are emerging problems revolving around the increment of block size above 8 MB or even the elimination of these limits altogether. As the test vividly demonstrated, the network…

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