In a market that is driven by sentiments, prices move at a rapid pace and the volatility is overwhelming, it is crucial to stay up to date with the market analysis-based price predictions. Especially when it comes to the Bitcoin SV (BSV), one of the most volatile cryptocurrencies and might be the most profitable one in 2020.
In this article, we provide you with BSV price predictions for 2020 based on the most accurate analysis tools. But before diving in forecasts, let’s take a quick review of the BSV coin.
What is BSV?
Bitcoin SV (BSV) a cryptocurrency created in November 2018 as a result of the Bitcoin Cash hard fork, with Bitcoin Cash ABC (Adjustable Blocksize Cap), which is the other coin resulted from the same fork.
As we have mentioned in our blog “5 Hard Forks You Need To Know ”, the Bitcoin SV fork is one of the most crucial events in the crypto industry, in which the original BCH coin split into these two competing coins.
The Bitcoin SV team describes BSV as an attempt to restore the original Bitcoin protocol and the SV symbol refers to “Satoshi Vision”, representing their goal of developing the cryptocurrency as it was conceptualized by the Bitcoin creator.
They also aim to create a blockchain that is oriented to the whole world with high scalability, stability, and secure instant transactions. As the Bitcoin SV blockchain provides a significant scaling, which will allow the BSV blockchain to support significantly large transaction volumes.
Bitcoin SV is maintained by a development team led by nChain company’s employees — Daniel Connolly, Steve Shadders and the controversial Craig Wright who claims to be Satoshi Nakamoto.
Since its inception, the Bitcoin SV coinmarketcap rank is among top-10 cryptocurrencies in terms of market capitalization and BSV coin is traded with high volumes on most crypto exchanges.
BSV Price: What Does It Depend On?
BSV value depends on the demand of the coins and the price is mainly affected by trading, Bitcoin price, Bitcoin SV News, Bitcoin SV mining, etc.
BSV Price Prediction 2020
Bitcoin SV started a year with great gains, in January 2020 BSV price shot up from $84 to be traded around $370 in February before it fell down with the whole crypto market and touched the bottom again in March.
However, at the time of writing, 11 April, BSV has been in a bullish trend and it is traded at $180 level price. Currently, BSV ranks as the 6th largest cryptocurrency in the market overtaking Litecoin (LTC), and Binance coin (BNB) to be close to BCH.
Bitcoin SV Prediction (2020)
Among the top predictions, arises TradingBeasts’ prediction, the popular crypto forecast, refers that BSV’s price is going to the $293 level by the end of 2020.
Wallet Investor, another well-known crypto prediction website, has predicted that Bitcoin SV price might reach $325 by the end of 2020.
Other Bitcoin SV price predictions from Crypto Rating and Gov Capital look too optimistic. As Crypto Rating predicted that BSV might be going to reach $980 by the end of 2020 while Gov Capital experts predicted that BSV might reach $645 at the end of the year.
BSV Long Term Price Prediction (2021–2025)
By looking at several BSV price predictions from different sources, one thing was common among these predictions; they all have a positive look at BSV’s long-term price.
TradingBeasts’ predictions put a $328 for BSV price by 2021 and $564 by 2023, while the WalletInvestor experts predicted that BSV might surge up to $530 by 2025.
On their website, Gov Capital analysts have predicted that BSV price might surge to $3275 in a 5-years time frame.
Where to buy Bitcoin SV?
You can put your hand on some Bitcoin SV coins now with the ChangeNOW Exchange tool that allows you to instantly buy BSV in a fast, secure and simple way with many options to make payments including credit cards.
Buy Bitcoin SV in 4 steps:
Step 1. From the ChangeNOW homepage, choose a currency and enter the purchase amount, your BSV coins will be automatically calculated. Press on the Buy button.
An example of buying BSV for 1,000 USD via Credit Card.
Step 2. Enter the address where you would like to receive your BSV coins.
Step 3. Double-check your information, then click Confirm.
Step 4. Complete the purchasing process, and you will receive your coins immediately.
Conclusion: Should I Buy Bitcoin SV?
While the Bitcoin SV is one of the most controversial cryptocurrencies, it has a blockchain with great scalability and potential growth. The BSV coin is also supported by very wealthy investors.
We hope these predictions of Bitcoin SV price 2020 and beyond could help you to choose the right time to buy BSV coins and prepare a proper investment plan.
Disclaimer: This article reflects its author’s opinion only and is not financial advice. We take no responsibility for the results of any trader’s decision or action.
To learn more about BSV please visit the following Bitcoin SV Review in our blog.