Messari: Bitcoin, Ethereum and Tether account for 90% of the real trading volume

Messari researcher Wilson Withiam concluded that at present about 90% of the real cryptocurrency trading volume is accounted for by Bitcoin, Ethereum and the Tether USDT token.
 
According to his observations, a year ago this indicator was 75%. Thus, investors prefer the two most capitalized cryptocurrencies and the most popular stablecoin.

Withiam noted that the growing share of the USDT market is not surprising, since "the world continues to see the dollar as a means of maintaining value, especially in times of crisis."

"Stablecoin damand shows no signs of slowing down" - the expert emphasized.


The Messari spokesman added that amid global “market chaos,” activity on exchanges has grown.

"After a lackluster Dec, real vol surged to start the year, peaking on Mar 12 and revisiting levels not seen since Jun 2019”


In conclusion, the analyst wrote that the current consolidation of activity around top assets promises good prospects for projects working with BTC and ETH, as well as stablecoins.  However, the future of other coins looks less encouraging.

"Bull runs spark widespread interest in new networks. Uncertainty elicits the opposite" -concluded the researcher.


Recall that in the first quarter, trading volume on popular bitcoin exchanges grew by 61%.

Might be interesting
ConsenSys, EY team up with Microsoft to build an Ethereum-based protocol for enterprise use cases
ConsenSys and Ernst & Young (EY) announced the two firms are developing a new Ethereum-based protocol, dubbed Baseline Protocol, in collaboration with Microsoft.
14 Mar 2020
Read more
Over the month, the YFI token has risen in price by 32,000% and overtook Bitcoin in price
The cryptocurrency first appeared on the market on July 18 and at that time was worth $35. Today the coin rate rose to $12 800
02 Sep 2020
Read more
Cosmos (ATOM) Price Prediction for 2020-2025
With a technologically advanced blockchain underlying it, Cosmos cryptocurrency has become quite popular and highly-demanded. It is often used for trading and as a long-term investment. If you consider adding it to your crypto-portfolio, it won’t hurt to check Cosmos price prediction. Let’s find out how much ATOM will cost in 2020 and the following years. But before you read ATOM price prediction, learn more about the crypto asset.
14 Jun 2020
Read more