Bitcoin Cash Trade Operations Plunge in Popularity
August 21, 2018
A group of analysts from Chainanalysis has studied financial operations involving 17 major cryptocurrencies by market cap and come to conclusion, Bitcoin Cash has plummeted drastically in trading.
Its turnover has plunged from $10.5 million in March to $3.7 in May. Just compare: Bitcoin trade volume in May made $60 million.
The group believes the cause for this being small number of users and crypto holders. At the same time huge amount of the cryptocurrency is owned by several players which, as the analysts say, slows down the distribution rate of the coin as almost 56% of cryptocurrency controlled by 67 wallets that are not allocated at the exchange.