there are some macroeconomic conditions that will never allow any bull season at this moment. But like you have stated nobody can be hundred percent sure because the crypto market is unpredictable.
BCH is now above $500 per token!
- Thread starter Sincerem
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- #82
Some of the macroeconomic condition you may be talking about this the war that is happening between Ukraine and Russia.. that is the reason why the price of cryptocurrency may not reach any reasonable price soon.
Bitcoin cash has one of the lowest transaction fees. It's one of the reasons people like it. Other than that, I don't feel there's anything special about it, no strong community or new developments that people look forward to.
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it is not even about the war but it is also connected to it. A lot of countries around the world are experiencing inflation due to some economic situations ranging from the pandemic to the war and others.
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I thought that the effect of the pandemic is over because most countries have allowed its citizens to move freely every day for their daily business . Most countries has recovered from the pandemic long time ago.
China bans bitcoin after we clearly see the results. Bitcoin is struggling to rise up. If bitcoin does not rise up, then obviously other coins are also in sleep mode. The current bch price is around 128 dollars, so once again reaching 500 dollars is really hard
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