[Xangle Insight] Litecoin On-Chain Transaction Volume Increased by 85%...Is BSV's Recent Bull Run Affecting Other BTC-related Coins?
Jan 17, 2020
Litecoin’s on-chain transaction volume for the past 7 days has increased by 85% compared to that of the previous week. Number of transactions worth more than $1 million USD have also increased by 40%.
According to crypto disclosure platform Xangle, Litecoin’s 7-day on-chain transaction volume ending 17th January was $3.17 Billion USD, a staggering 85% increase week-on-week. Ethereum’s number was $1.88 Billion USD with a relatively moderate 12.99% increase.
This is an interesting development as last week’s 7-day on-chain transaction volume for Litecoin and Ethereum were pretty similar at $1.71 Billion and $1.67 Billion USD respectively. The only major event between last week and this week’s stats is alleged to be BSV’s bull run, sparked by rumors surrounding Craig Wright.
I confirm that I have read and understood the following: The information contained in this article is strictly the opinions of the author(s). This article was authored free from any form of coercion or undue influence. The content represents the author's own views and does not represent the official position or opinions of CrossAngle. This article is intended for informational purposes only and should not be construed as investment advice or solicitation. Unless otherwise specified, all users are solely responsible and liable for their own decisions about investments, investment strategies, or the use of products or services. Investment decisions should be made based on the user’s personal investment objectives, circumstances, and financial situation. Please consult a professional financial advisor for more information and guidance. Past returns or projections do not guarantee future results.
Xangle or its affiliated partners own all copyrights of the written or otherwise produced materials and content provided on the platform. Any illegal reproduction of such content, including, but not limited to, unauthorized editing, copying, reprinting, or redistribution will result in immediate legal actions without prior notice.