The number of Bitcoin transactions was executed in the past 24 months up to 1.6 trillion

The system sees over 1 billion dollars in transactions every day. As a matter of fact known, since 2011, about Bitcoin transactions’ 1.6 trillion out of 2 trillion were executed in the last 24 months.

Image via Reuters

In 2019, Bitcoin and XRP were once the largest virtual assets on the planet. However, in the 12 months when Bitcoin proceeded to dominate the market, Ethereum was able to surpass XRP on the cryptocurrency charts.

Over the past twelve months, Bitcoin and Ethereum have recorded a strong period of activity, with two crypto-assets helping to expand the collective market by nearly $ 75 billion from January 1 to November 30.

According to the Blockchain Funds’ written report, in 2019, major highs were noticed in the market regarding Bitcoin, while Ethereum recorded even stronger fundamentals. The information cited by the review recommends that the valuation of BTC and ETH in the market was strongly oppressed on February 2, 2019. That said, the additional survey noted that the entire profitability of both the two cryptocurrencies remains optimistic.

Bitcoin price

Source: Trading View

The top 10 cryptocurrency assets together accounted for 76% of the total market capitalization on November 30. On the other hand, the top 10 coins accounted for only about 70% of market capitalization last year.

However, the native token Binance, BNB, has directed the charts, after it increased the rate by more than 150% in 2019.

Ethereum surpasses Ripple as the second-largest cryptocurrency

It seems that Ethereum has surpassed Ripple from XRP in the cryptocurrency rankings. This makes sense for a few reasons, first of all at a time, XRP has surpassed Ethereum to become the second-largest cryptocurrency by market cap. Granted this not long, it made many people see the prospect of XRP differently and see it as one of the strongest new assets in the world.

One of the important facts surrounding Ethereum’s sudden jump is that many Ethereum-based applications have not been used. A new report shows that of the 1,300 decentralized applications (dApps) built through the Ethereum Network, about 86% have almost no users. Additionally, it says that only about seven percent of Ethereum dApps have any transaction volume over the past 24 hours.

Many believe that the next bull run in the cryptocurrency space will occur until more people start using crypto-based applications, but this report shows something else. In fact, there are very few reasons given why cryptocurrencies suddenly increase, although good reasons can be found if one looks hard enough.

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