Bitcoin Cash (BCH) had a hard fork in May of this 2023, with the implementation of certain improvements in its network. One month after this update, the price has appreciated about 20.16% of its value according to the data provided by CoinMarketCap.
Bitcoin Cash Price – Source: CoinMarketCap
In the world of cryptocurrencies, Bitcoin Cash has been one of the most prominent altcoins since its inception. Recently, this cryptocurrency has undergone a hard fork, which means that a major update has been made to its protocol.
The Bitcoin Cash hard fork has brought with it a number of improvements and new features that seek to strengthen and improve the user experience. Here are some of the most prominent: Increased block size; improved difficulty adjustment algorithm; new transaction features and address reuse protection.
Price evolution, expectations
Bitcoin Cash Price with RSI Indicator – Source: Tradingview
The RSI indicator shows that Bitcoin Cash is currently in a bullish zone, clearly showing that it is in an overbought zone, something that is logical with the momentum that crypto assets have had.. The indicator of the moving average of the last 9 days shows how the asset is surpassing the close of 110 dollars.
It should be noted that the price of the asset, with this rise, has exceeded the price it had a year ago, when it was at $118.93. The data also indicate that the next objective to be achieved is the 144 dollars that were reached in February before the bounce.
In any case, the cryptographic ecosystem is still young and volatile, which leaves the window open for a new price drop to occur close to $98.1 as the lower band.
Behavior of Bitcoin Cash in Latin America
Bitcoin Cash ranks 27th by market capitalization on the CoinMarketCap portal. Being one of the most important cryptocurrencies in the ecosystem, its market has also been more globalized.
In this opportunity we will show what is the behavior in the different markets of the region.
In this way we begin the tour of Argentina, where there is a relevant variety of platforms for the purchase and sale of cryptocurrencies.
At the time of writing this note, in Argentina BCH was quoted at a price of ARS 66,473.17 on averageaccording to the 4 portals taken for the writing of this note.
We started the listing with Binance, where the BCH price for the purchase at a value of ARS 66,776. Likewise, Satoshitango offered the possibility of buy BCH on its platform at a value of ARS 66,486.64 and for sale at a price of ARS 62,985.43 showing in the portal a higher recovery variation of 17.28%.
For its part, CryptoMarket offered for the purchase of BCH at a price of ARS 65,406.04, with an increase in its price of 24.14%. Bitso, for its part, offered the BCH price to $67,224 with an appreciation of 27.32%.
In Brazil, the price of BCH was on average to BRL 663.14based on the platforms listed below.
We started the tour with CryptoMarket, which quoted the price of the asset at BRL 654.25 for purchasewith a rise of 13.17%. In the same way, OKX showed the price of buy for BCH at BRL 667.19with an increase of more than 23.91%.
On Satoshitango, the BCH price was quoted for purchase at BRL 680.64 and for sale at BRL 656.20 per unit, with an increase of 17.23%. Bitso also offers its services in the South American giant, and the portal indicated the price of BCH at BRL 650.48 with an appreciation of 22.98%.
In the southern country, the price of BCH, on average, it was around CLP 109,108.60according to the data provided by the main portals that operate with the cryptoactive taken for this note.
In this way we began the tour, in Chile CryptoMarket showed for the purchase the price of BCH in CLP 108,688 with an approximate price increase of BCH to 24.89%.
On Satoshitango, BCH was trading at CLP 111,302 for purchase, and for sale at CLP 107,283, with a positive variation of 18.0% in the value reflected by the portal. Now, on the OKX platform, the price of BCH was displayed at a value of CLP 107,559.23 with an appreciation of 23.00%.
Coinbase, for its part, reports that the price of BCH is CLP 108,693.81 with an increase in its price close to 23.84%. Likewise, Buda.com shows BCH to 109,300 with an increase of 26.5%.
In the New Granada country, the price of BCH was located at COP 556,016.9according to the portals that we have taken for this note.
Various platforms operate in Colombia, among which is Coinbase, and on its portal it was possible to see that the value of BCH It has appreciated by 23.83%, which has led to a position in the purchase at an amount of COP 560,131.74 at the time of writing this report.
In the same way, OKX has operations in that country, and was listed for the purchase of BCH at a value of COP 573,301.58, with an upward variation of 22.95%.
For CryptoMarket, the BCH price was at COP 559,806.19, with an increase of 22.84%. Bitso, for his part, presented a quote of COP 556,845 per unit of BCH, with an increase close to 23.83%. Buda.com shows the cryptocurrency at a value of COP 530,000with a positive variation of 19.8%.
In Mexico, Bitso listed the purchase of BCH in MXN2,313, with a positive variation of 23.40%. Likewise, Coinbase showed a value of MXN 2,314.31, with a slight increase in the platform of at least 17.51%. In OKX, BCH was located in MXN 2,341.80 for the purchase, with an appreciation close to 22.76%.
In Peru, the OKX portal was trading at BCH in 491.70 Peruvian soles, also showing the appreciation of 21.98%.
Similarly, Satoshitango was showing BCH at a price of 504.05 Peruvian soles for purchase and 485.51 Peruvian soles for sale on the platform, with an appreciation of 17.60%.
On Coinbase, BCH was valued at 489.18 Peruvian soles with a positive variation of 23.76%. For its part, CryptoMarket reflected the price of BCH at 494.6 Peruvian soles with a positive variation of 16.17%. Buda.com for its part, shows BCH at a value of 501,000 Peruvian soleswith an increase of 42.3%.
In Uruguay, the price at which OKX quoted the BCH for the purchase is 5,226.85 Uruguayan pesos, with a higher variation of 22.46%. Coinbase presented a price for BCH at 5,112.35 Uruguayan pesos with an increase of 24.13%.
In Venezuela, Coinbase shows the value of BCH in VES 3,662.75, with an appreciation of 24.11%. In the same way, OKX shows that BCH is trading on SEE 3,620.74 with an appreciation of 22.32%.
Disclaimer: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
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