Bitcoin Cash, a fork of bitcoin, was forked on 15th November 2018. As a result of this hardfork, two blockchains appeared: Bitcoin Cash ABC and Bitcoin Cash SV. We’ve described BCHABC forecast in a separate article.
What is Bitcoin Cash SV?
This is an updated version of BCH. Although, it should be said that this is partly regress update. Many technical features of its blockchain are now the same as in the July 2017 Bitcoin Cash version.
The main promoter of this crypto is Craig Steven Wright, an Australian computer scientist, businessman and major bitcoin holder. He promised to push the price of BTC down to 2014 levels if miners not support his fork. This adversely affected the market. It is good that it is all over.
The crypto will serve exclusively as a means of payment and exchange. Smart contracts and other features, according to Dr. Wright, do not correspond with the philosophy of Satoshi.
This cryptocurrency was supported by most crypto exchanges (some of them, such as Poloniex, had even listed both coins before the hard fork). It is now available at:
Kraken said that this coin does not meet their high standards. We believe that the listing there will be only a matter of time.
BCHSV Price Prediction
It is hard to predict the future of the coin directly after its appearance. However, we’ve managed to find some factors that might push its value up. We have also found some that might lead to a price decrease.
The group of favorable factors includes:
- BCHSV, as a new market player, will attract the attention of users.
- The doctor has many like-minded people who will support the project.
Potentially unfavorable circumstances are as follows:
- The extraordinary personality of Dr. Wright, which affects the reputation of the coin.
- Limited functionality compared to the competitor.
The coin was traded nearly $100 after the fork. In our opinion, its price may reach approx. $200 within 2 months in the best case scenario. We’ll monitor the situation, check updates of this article.
Disclaimer. This BCH SV price forecast is just our opinion. We intentionally haven’t made a table with specific values, as our opinion may be wrong. We do not want to mislead anyone, so we urge you to pay your attention primarily to the factors that may affect the coin’s value, not to estimated figures.