Bitcoin Cash (BCH) price is up 9% in the last three days, despite the downturn in the broader crypto market. The upcoming introduction of smart contracts on the Bitcoin Network has seen investors make even more bullish BCH price predictions.
Bitcoin Cash (BCH) is a peer-to-peer electronic cash system developed in 2017 as a much faster and cheaper alternative to Bitcoin. Recent developments in the BCH ecosystem suggest that the network is planning to encroach on the Ethereum DeFi market.
On May 15, Bitcoin Cash will execute a scheduled “CashTokens” proposal that will enable developers to launch smart contracts, NFTs, and dApps on the BCH network. On-chain data shows that investors have become bullish on BCH ahead of the network upgrade.
Here’s how an ongoing increase in network traction and accumulation trend among Miners could validate the trending bullish Bitcoin Cash price predictions.
