Trading of Five Basic Cryptocurrencies Make 69% of Total Volume
June 27, 2018
Analyst company Diar has made a report to find out that trading pairs of 0.36% of all crypto currencies circulating at exchanges comprise 60% of total trade volume.
The experts discovered the largest trade volume share at over 1,600 platforms relates to the five main cryptocurrencies: BTC, ETH, BCH, XRP, LTC. It being known that on June 18, gross trade volume with them made $12 million and distributed as follows:
- 33% - Bticoin;
- 12% - Ethereum;
- 3% - Bitcoin Cash;
- 2% - Ripple;
- 2% - Litecoin.
Diar notes that 33% of all altcoins present on the crypto market (542 tokens) have daily trade volume of at least $1,000 a day, 49.3 % - less than $10,000, while 67.3 % - less than $100,000. 15.3% of cryptocurrencies generate from $1 to $5 million, while 6.3 % - $5 million and more.
The report also states that most of all traded tokens have no liquidity and cost for most of altcoins correlates directly with Bitcoin rate.