Despite the huge number of coins on the market, a new report shows 69% of all cryptocurrency trading volume worldwide is dominated by just six cryptocurrencies.
Diar, a digital assets and regulation trade publication, says those six coins are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC) and Tether (USTD).
The report also finds that nearly half of all coins on the market have very little liquidity.
A snapshot on June 18, 2018 shows that roughly 1,600 coins had $12 billion in trading volume, with 803 coins moving less than $10,000 in trading volume.
Related: China’s New Crypto Ratings Index: EOS and NEO Rise, Ethereum Falls
Disclaimer: 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. Your transfers and trades are at your own risk. Any loses you may incur are your responsibility. Please note that The Daily Hodl also participates in affiliate marketing programs.
Check Out the Latest Headlines
The post 69% of Crypto Trading Volume Dominated by BTC, ETH, XRP, BCH, LTC and USTD: Report appeared first on The Daily Hodl.
Source: Daily HODL
Original Post: 69% of Crypto Trading Volume Dominated by BTC, ETH, XRP, BCH, LTC and USTD: Report