Bitcoin Cash and Ethereum Classic See Modest Gains, But All Eyes Are on Rebel Satoshi’s Momentum
A recent revelation suggests that Bitcoin Cash (BCH) has reached double its price in Grayscale Bitcoin Cash Trust. On the other hand, Ethereum Classic (ETC) has taken a significant step to make its website accessible to more users. Meanwhile, the investor spotlight has turned to Rebel Satoshi (RBLZ) amid predictions of a whopping 150% price growth.
But the main question is, will $RBLZ outshine BCH and ETC to become the best crypto to invest in for massive gains? Let’s find out!
On December 27, 2023, a Reddit post in the community r/btc unveiled a remarkable development for Grayscale Bitcoin Cash Trust (BCHG), a fund holding 300K BCH. The fund reached a record 2-year high, valuing each BCH at a whopping $588.
This surge is indicative of fresh money entering the Bitcoin Cash ecosystem, a phenomenon not witnessed in over two years. Moreover, this valuation is nearly double the current BCH price on various cryptocurrency exchanges.
In terms of price performance, Bitcoin Cash’s native token, BCH, has demonstrated significant growth over the past week. The BCH price has increased by 15.7% from $232.18 to $268.81 over the past week. So, does it imply that BCH is the best crypto to buy?
Looking ahead to 2024, experts anticipate a continued upward trajectory for Bitcoin Cash. Predictions suggest a surge of 65% for BCH, with the price reaching $445.16. This positive outlook is grounded in the speculation of an upcoming bull run and the potential upswing of the broader crypto market, especially after the possible spot Bitcoin ETF approval.
However, it is crucial to consider potential bearish scenarios, as forecasts indicate that BCH’s price could stay below $361.13 in 2024 if bearish sentiments overtake the market.
On December 12, 2023,
