Bitcoin
BTC$19 085.93

0.16%

Ethereum
ETH$1 330.59

0.20%

Tether
USDT$1.000069

0%

USD Coin
USDC$1.000044

0%

Binance Coin
BNB$278.60

-1.43%

XRP
XRP$0.487123

-1.92%

Bitcoin SV Price Forecast for November 2019


October 2019

Bitcoin SV (BSV) still remains among the top 10 largest cryptocurrencies in the entire crypto industry, currently holding the 9th spot on the list. The coin will celebrate its first birthday in about a month, so let's take a look at what it has been through in the past year, and try to see what can be deduced about its future.

Bitcoin SV's first year


As many probably remember, Bitcoin SV came to be when Bitcoin Cash forked in mid-November 2018 in order to deliver a new update to its blockchain. Before the hard fork took place, the project's developers split into two groups, both wanting different things, and both convinced that their idea is the right one.

After the fork, Bitcoin SV emerged as yet another member of the Bitcoin family, and while it remains a controversial coin, it still managed to adopt a lot of Bitcoin family attributes.

It also kept its popularity among some coin holders, which is proven by the fact that it has the 9th largest market cap in the crypto industry.

At the time of launch, its price was at around $88 per coin, which quickly surged to past 200 in the following week, during the hash war that led to the second market crash in 2018. The crash brought BSV down as well, and by November 23rd, the coin's price was only half of its original price, sitting at $44.90.

However, only a week later, it climbed back to its largest resistance at $100. It managed to briefly breach it several times, but each time was followed by a correction that returned the price below this level.

Then came 2019, and BSV seemingly stabilized at around $65, only having the slightest fluctuations that resulted in the coin's price going up and down by about $1 or $2 on average. This situation lasted for three whole months, and it finally changed on April 1st, when Bitcoin itself saw its first bull run in over a year. BSV followed only slightly, once again climbing up to $100, and once again being rejected, this time to $52.

However, in the second half of May 2019, the coin took part in another bull run, and this time it managed to break the resistance at $100, and it climbed back to $200, breaking this resistance as well. In fact, it hit its ATH on June 26th, hitting $237.71 at its highest.

Unfortunately for BSV, when the bull run ended and correction took place, the coin started falling once more. It first dropped to $200, which started acting as its new support. After that, it broke this support, fluctuating between $100 and $200 for a time, although its overall price kept dropping. It finally broke the support at $100 on September 24th, dropping below this level for one last time. At the moment, its price is at $87, after going between $82 and $88 for almost a month now.

What to expect of BSV in the future?


Bitcoin SV doesn't seem to have enough support or use to decouple from Bitcoin and start carving its own path. In other words, the coin pretty much does what Bitcoin does at this point, which puts it in the same situation with many other cryptocurrencies.

In other words, its performance pretty much depends on what BTC will do, which is true for the majority of altcoins. BSV also remains quite controversial still, and while its market cap is pretty large, its trading volume is quite low when compared to most other coins in the top 10 list. In fact, every coin on the list except BSV, BNB, and XLM has its volume above $1 billion, while neither of these three has a volume larger than $300 million.

Author: Ali Raza for Crypto-Rating.com

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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 83.6% 28 $19 085.93 0.16% -4.86% $365 687 826 427 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 73.6% 56 $1 330.59 0.20% -8.61% $163 019 868 487 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92% 1 $1.000069 0% 0% $67 959 400 501 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 92.4% 1 $1.000044 0% 0% $49 716 689 539 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 86.8% 17 $278.60 -1.43% 0.09% $44 948 812 408 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 63.2% 72 $0.487123 -1.92% 25.79% $24 282 482 106 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 93.6% 1 $1.000499 0.07% -0.05% $20 527 487 034 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 82.4% 32 $0.459553 -0.29% -5.59% $15 730 121 389 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 81.6% 31 $33.92 0.34% 0.25% $12 029 202 620 SOL 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 92.4% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 87.6% 15 $0.062968 -3.83% 2.38% $8 353 974 589 DOGE 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 74.4% 43 $6.33 -1.59% -9.61% $7 092 680 964 DOT 7 days price change
13 Dai (DAI) DAI Dai predictions 92.4% 1 $0.999909 -0.04% 0.03% $6 928 506 678 DAI 7 days price change
14 Polygon (MATIC) MATIC Polygon predictions 70% 54 $0.760141 -1.47% -8.07% $6 639 314 367 MATIC 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 77.2% 42 $0.000011 1.62% -3.95% $6 265 382 802 SHIB 7 days price change

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