The 5 Coins Competing for Highest Transaction Volume
In the world of cryptocurrencies, the coins with the highest transaction volume hold a lot of street cred. It’s a revealing number that shows which coins people rely on to move their precious digital dough from one place to another. And with Bitcoin’s transaction volume on the decline in recent months, it’s a great time to take a look at the race and see which coins are on top, when looking at the coins tracked on BitInfoCharts.
The Battle for Supremacy: Ripple and Ethereum
Ripple just jumped ahead of Ethereum and grabbed the number one spot overall. These two coins have been trading places consistently for the past two months.
Ripple’s incredibly fast transaction speed is definitely a major factor. Bitcoin has struggled with slow transaction speeds in the last year, due to its popularity and delayed attempts to implement SegWit and the Lightning Network.
Ethereum has had its own issues with transaction speed and infamously choked when the popular Ethereum-based game CryptoKitties hit the scene.
Source: BitInfoCharts
Next Up: Big Daddy Bitcoin
The OG grand-daddy of crypto, Bitcoin, remains in the solid number three spot. It has held on to this spot with reliable consistency for months, after Ethereum and Ripple surged in volume late last year.
Finally: Bitcoin Cash and Litecoin Duke It Out
Bitcoin Cash and Litecoin are in a dead heat for the four and five spots, respectively. The relative newcomer Bitcoin Cash passed Litecoin in recent days, and the two have reversed a number of times in the last few months.
In late February, Litecoin’s creator Charlie Lee promised on Twitter that the launch of LitePay would rocket his coin above Bitcoin Cash for good.
The flippening (ETH>BTC) will never happen. But the flappening (LTC>BCH) will happen this year. 🐔🚀 pic.twitter.com/vn9XBdZNC3
— Charlie Lee [LTC] (@SatoshiLite) February 25, 2018
However, the so-called Flappening hasn’t happened yet, with the indefinite delay of LitePay due to “hostile actions” from credit card companies.
Where is the race for crypto transaction dominance headed? Let us know in the comments!
Disclaimer: The opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility.
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Mark
Mar 6, 2018Litepay was just another Blockstream satellite: investor misinformation to deceive and pump the LTC price. Just like #paywithlitecoin (as if BTC would ever give that to LTC…) or the flappening…
More like a “floppening”, as was always expected. Investors need to understand that some actors in crypto will systematically mislead them for the sake of a short pump. They might also take note that Charlie Lee himself divesting himself entirely of his LTC holdings. Need we say more…
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George
Mar 6, 2018Have to presume that iota will eventually win this one
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Jorge
Mar 6, 2018my sides are in outer space. You iota fanboys are hilarious.
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Comments 3
Mark
Mar 6, 2018Litepay was just another Blockstream satellite: investor misinformation to deceive and pump the LTC price. Just like #paywithlitecoin (as if BTC would ever give that to LTC…) or the flappening…
More like a “floppening”, as was always expected. Investors need to understand that some actors in crypto will systematically mislead them for the sake of a short pump. They might also take note that Charlie Lee himself divesting himself entirely of his LTC holdings. Need we say more…
George
Mar 6, 2018Have to presume that iota will eventually win this one
Jorge
Mar 6, 2018my sides are in outer space. You iota fanboys are hilarious.