The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

The price of BCH currency has ushered in a new round of skyrocketing. The biggest reason for this rise is the emergence of EDX, a non-custodial cryptocurrency trading platform in the United States. The EDX exchange endorsed it by listing BCH currency. The SEC also temporarily determined that BCH is not a security. This news caused huge fluctuations in the currency circle, with the price of BCH currency rising by a full 79%. As the price of BCH currency skyrocketed, many investors participated in BCH currency trading to try to get a piece of the pie, and many investors were already in the market. A relatively considerable profit has been made. Looking at the future, how high can the BCH currency rise? This must be a question that many investors are concerned about. Below, the editor of the currency circle will provide investors with an in-depth analysis of whether the BCH currency will continue to rise.

 How high can the BCH currency rise?

At present, it is hard to say how high BCH currency can rise. The performance of BCH currency has excited holders. Since mid-June, its trading price has increased by 115%, reaching $234, which is comparable to the high-profile Bitcoin. For example, BCH has succeeded and its price at press time is 156% higher than the lowest price in the past four weeks. In fact, BCH's trading price has returned to the level of mid-May 2022.

Observing the short and long-term liquidations of BCH coins shows that short-term liquidations have been more active over the past few days, and at the same time, there has also been an increase in long liquidations, indicating that there is some serious bullish optimism, more on-chain data shows , Bitcoin Cash investor sentiment has gradually surged over the past four weeks, and although trading volumes were low for most of the month, trading volumes did not increase significantly until June 21.

To put things in perspective, prior to June 21, trading volume was between $60 million and $70 million, with the surge, trading volume peaked at $1.86 billion on June 24 and has reached $1.86 billion in the past 24 hours. Peaking at $1.73 billion, Bitcoin Cash’s trading volume remains strong even though it may be overbought, perhaps looking into the possibility of a sell-off, with supply distribution indicators revealing a mixed reaction from whales.

 What is the highest price in history for BCH coins?

The historical high price of BCH coin is $4355.62, the highest price reached on December 20, 2017. Due to the separation from the original Bitcoin blockchain, BCH coin appeared in July 2017. It experienced significant growth during the 2017 bull market. has surged to an all-time high of $2,947, however, compared to Bitcoin, BCH faces challenges in achieving widespread adoption as a payment network.

Unlike the original Bitcoin blockchain, which was limited to 1MB blocks and replacement fees, BCH coin blocks are 8MB, and upgrading to larger blocks means miners can verify all transactions, not just the ones with the highest fees. Larger blocks help maintain space in the BCH mempool and allow transactions to be confirmed quickly.

Transactions for BCH coins are mined very quickly, even with the lowest fees, and since more transactions fit in an 8MB block, there is less competition to ensure that an investor's transaction is confirmed in the next block, which is important for Low fees for consumers mean low fees for merchants, who can start accepting BCH payments without paying monthly fees and a percentage of each transaction.

BCH coins are the least risky. One of the risks of accepting credit card payments is fraud. Merchants are always at risk of chargebacks (funds transferred back from consumers' credit cards or bank accounts). Some financial institutions actually charge merchants fees for BCH coins. Transactions are processed in seconds and confirmed within minutes, investors can send or receive currency globally, and transactions are irreversible (even to fraudsters).

All the above content is the detailed answer of the editor of the currency circle to the question of how much the BCH currency can rise. Cryptocurrency prices are affected by many factors, and the same goes for BCH coins. Market sentiment and investor sentiment have an important impact on BCH coins. Good news, market optimism, and widespread adoption may push BCH coin prices up, while bad news, Market pessimism and negative events may cause the price of BCH coins to fall. The cryptocurrency market is highly complex and unstable, so it is very difficult to accurately predict the price of cryptocurrency. Investors are advised to fully conduct research before investing in BCH coins. Do your research, understand the risks and consider your personal investment objectives and risk tolerance.