- Kim Dotcom claims that Bitcoin Cash is undervalued as it is excellent for payments
- Bitcoin Cash is better than Bitcoin in terms of payments
- Kim predicted late last year that Bitcoin Cash price would surge to $3k this year
- Following the current market trend, it seems like the prediction of Kim will soon get true
Kim Dotcom, a political activist, and entrepreneur predicted in December 2020 that the price of Bitcoin Cash would surge by more than 900% in 2021, crossing the price level of $3k. According to Kim, Bitcoin Cash is great for payments, and yet the cryptocurrency is undervalued. After the leading crypto token Bitcoin surged in December to achieve a new all-time high, Kim tweeted regarding BCH. Indeed, following current market trends, it seems like Kim’s prediction will soon be witnessed getting true.
Kim Dotcom seems to be an outspoken BCH advocate
In the tweet, Kim mentioned that the vendors need low fees and fast transactions, which can help Bitcoin Cash gain bullish momentum. However, he also claimed that he would be retweeting the fact again in a year after his expectations got to reality. On Tuesday, Kim Dotcom again tweeted in favor of Bitcoin Cash, highlighting that the cryptocurrency is still undervalued. Following a web address shared by Kim, it seems like Kim is trying to influence the price of BCH with positive sentiments.
Nowadays, few internet celebrities’ comments and tweets are already helping surge prices in the crypto market. It seems like Kim is going to be the next manipulator of the price of BCH tokens.
Why does Kim consider Bitcoin Cash for payments?
According to the link shared by Kim Dotcom, bitcoin can act as a store of value, whereas Bitcoin Cash is similar to BTC but with small adjustments. The fact concludes that where BTC can be considered as equivalent to gold, BCH has the potential of being equivalent to cash, which belies the original vision of Bitcoin. Indeed, where Bitcoin can process three to seven transactions per second, BCH can process more than 100 over the same time period. On the other side, where the fees per transaction of BTC are nearing in the range of $5 to $50, BCH will charge less than $0.01.
Will BCH be able to achieve the price level of $3k?
As Kim Dotcom believes that BCH will surge higher towards the price level of $3k, the token is already in bullish momentum. Following the data from CoinMarketCap, it is observed that the price of the token has surged by more than 108%. Following the technical aspects of BCH, it is known that in the upcoming trading sessions, the price level targets near $1080 and $1140. If the token continues its bullish rally, it will take no longer to reach near the price level of $3,000.
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