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Cheap Network Valuation Warrants a "Buy” in Bitcoin Cash (BCH) Despite Mixed Sentiment

Jun 20, 2019

 

Better Research, Better Investments.Better Research, Better Investments.
Better Research, Better Investments.Better Research, Better Investments.

 

  • Sentiment pertaining to Bitcoin Cash (BCH) has been largely mixed over the last month. Earlier this week, however, BCH posted 3 straight days of positive sentiment for the first time in more than a month.  
     
  • Like we have observed in many other major cryptocurrencies, daily trading volumes of BCH have steadily declined since peaking in the middle and end of May. 
     
  • The valuation of the BCH network, measured by the BCH network value to transaction ratio (NVT Ratio), is similar to that of the coin’s daily volume and currently sits at depressed levels relative to its peak during the middle of May.  
     
  • Amid cheap valuations of BCH, it may make sense to consider purchasing the coin. This is supported by a “BUY” signal for BCH according to the Quantamize 3-Day Crypto Trading Signals.  

 

Bitcoin Cash (BCH) Volume - Last 30 Days

Bitcoin Cash (BCH) Volume - Last 30 Days

Average Bitcoin Cash (BCH) Article Sentiment - Last 30 Days

Average Bitcoin Cash (BCH) Article Sentiment - Last 30 Days

Bitcoin Cash (BCH) Article Count - Last 30 Days

Bitcoin Cash (BCH) Article Count - Last 30 Days

 

 

We Crunch the Numbers, You Make the Trade.We Crunch the Numbers, You Make the Trade.
We Crunch the Numbers, You Make the Trade.We Crunch the Numbers, You Make the Trade.

 

Overall Bitcoin Cash (BCH) Social Sentiment - Last 30 Days

Overall Bitcoin Cash (BCH) Social Sentiment - Last 30 Days

Bitcoin Cash (BCH) Google Trends - Last 30 Days

Bitcoin Cash (BCH) Google Trends - Last 30 Days

Bitcoin Cash (BCH) Network Value to Transaction Ratio - 10-Day EWMA - Last 30 Days

Bitcoin Cash (BCH) Network Value to Transaction Ratio - 10-Day EWMA - Last 30 Days

 

Crypto Model PortfoliosCRYPTO INVESTING MADE SIMPLE
Crypto Model PortfoliosCRYPTO INVESTING MADE SIMPLE