Bitcoin SV (BSV) is the forked version of the original Bitcoin Cash (BCH) blockchain. The main aim of BSV is to implement the original vision of the Bitcoin blockchain.
It is working towards providing scalability and stability of the blockchain network and delivering a distributed data network that can support enterprise-level advanced blockchain applications.
The BSV network can process tens of thousands of transactions in a second at a very low transaction fee.
The fact that BSV adheres to the vision and mission of the original Bitcoin blockchain to ensure a seamless digital payment ecosystem for businesses makes it distinct from other Bitcoin forks.
The BSV network is safeguarded by the proof-of-work consensus agreement, which ensures the chain’s security and makes it difficult for anyone to randomly alter the data stored on the blocks.
What is BSV Token?
BSV is the native currency of the Bitcoin SV network. The holders of this token can contribute to decision-making in the platform.
The tokenomics of the BSV coin is given below.
Current Market Price: $63.61
Market Capitalization: $1,253,463,878
Fully Diluted Valuation: $1,253,256,658
24 Hour Trading Volume: $39,440,880
Volume/Market Capitalization (24 hours): 3.15%
Circulating Supply: 19,706,981 BSV
Total Supply: 19,706,981 BSV
Maximum Supply: 21,000,000
Bitcoin SV (BSV) Price Prediction 2024–2030
The current market price of the BSV token is $63.61. The short-term price prediction of BSV token for the period from May to December 2024, with its low, average, and high prices and the average change in prices is given in the table below.
| Year | Low Price | Average Price | High Price | Average Change |
|---|---|---|---|---|
| May 2024 | $63.78 | $63.78 | $63.78 | – |
| June 2024 | $54.02 | $76.46 | $139.93 | 19.88 % |
| July 2024 | $57.20 | $84.52 | $135.53 | 32.53 % |
| August 2024 | $56.75 | $62.98 | $135.97 | -1.26 % |
| September 2024 | $56.08 | $96.34 | $137.30 | 51.05 % |
| October 2024 | $55.98 | $65.09 | $137.74 | 2.06 % |
| November 2024 | $56.25 | $60.76 | $137.11 | -4.73 % |
| December 2024 | $57.01 | $89.61 | $135.64 | 40.50 % |
The expected long-term price range of the BSV token, with its yearly low, yearly average, and yearly high prices for the years 2024, 2025, 2026, 2027, 2028, 2029, and 2030 is shown in the table below.
| Year | Yearly Low | Yearly Average | Yearly High |
| 2024 | $57.20 | $134.91 | $139.93 |
| 2025 | $137.09 | $157.78 | $165.68 |
| 2026 | $187.81 | $222.98 | $232.08 |
| 2027 | $245.42 | $268.05 | $288.81 |
| 2028 | $245.42 | $268.05 | $288.81 |
| 2029 | $302.19 | $323.10 | $349.65 |
| 2030 | $430.40 | $467.60 | $478.22 |
Where and How to Buy BSV Tokens?
You can buy BSV tokens from the following cryptocurrency exchanges.
- Binance
- Zedcex Exchange
- LBank
- OKX
- CoinW
- Gate.io
- Bitget
Follow these steps to buy BSV.
- Select a crypto wallet that supports BSV tokens. CENTBEE, HANDCASH, and ROCKWALLET are a few wallets recommended by the BSV network.
- Go to the ‘buy’ page of the official website of BSV, BuyBSV.com.
- Create an account on the page by providing your personal details.
- Enter the amount you intend to exchange to buy BSV and the currency with which you intend to trade.
- Connect the wallet by entering the wallet address or scanning the wallet’s QR code.
- Choose your payment method such as credit card, debit card, or bank transfer, and make the payment.
- Make sure that the tokens have been credited to your account.
Is Bitcoin SV (BSV) a Profitable Investment?
The current market sentiment of BSV tokens is bearish, which indicates that BSV is not a profitable investment in the coming years. 22 technical analysis indicators indicate bearish signals whereas only 6 technical analysis indicators show bullish trends.
Even though the price of BSV tokens increased by 93.32% in the last 1 year, the coin’s 3-year performance is -64.83%.
Therefore, you are advised not to invest in BSV tokens as there is a high chance that you will incur a loss.
Always take into consideration the volatile nature of cryptocurrencies and make wise investment decisions only after carefully analyzing the market conditions, price performance, and on-chain development activities of the token.
