Bitcoin has been relegated to the forth position in the last 24 hours going by the overall number of transaction performed in the cryptocurrency space.
Altcoins like Bitcoin Cash (BCH), Ethereum (ETH), and Ripple’s XRP have taken the lead by accounting for higher percentages of all cryptocurrency transactions.
This is telling that altcoins are now acceptable and used for transaction than Bitcoin at the moment.
According to BitInfoCharts, Bitcoin Cash dominated crypto transactions in the last 24 hours with 42.4%, and Ethereum 23.2%, while Ripple’s XRP which stays at the third position has 16.3% of the total transaction performed in the last 24 hours.
These altcoins are no way close to Bitcoin in terms of Market Capitalization, however, they have been tremendously performing in the space.
Ripple as an example, Yesterday, Today’s Gazette reported that Ripple is driving close to Bitcoin in terms of transaction dominance, surprisingly, it pulled Bitcoin away from public glare few hours after.
With the cryptocurrency community witnessing a return for some days now, some coins are trying to lead the space with new developments.
Among these coins are Ripple’s XRP, Bitcoin Cash and Ethereum. While an analyst claimed today that Ethereum will soon crash out of the space, another many have also claimed Bitcoin Cash is not necessary in the space. Ripple’s XRP has also been criticized by many observers. What is surprising however, is that these coins are performing in the cryptocurrency space.