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RE: Is Dogecoin more popular than Bitcoin Cash?

in #cryptocurrency7 years ago (edited)

It is clear there is more interest. It's less strong evidence of commerce (other than speculation), because tokens which clearly have no commerce on their blockchain still have a lot of money sloshing around on exchanges.

Median transaction value is itself something easily manipulated on chain. The cost of creating transactions if you send to yourself is not related to the value of the transaction but the physical size in bytes. Median transaction value would also be expected to decline over time with real commerce, because in real world commerce there are vastly more small-value transactions than large ones. Since the median for Dogecoin is $36, it wouldn't be unexpected for Bitcoin Cash to go below that if it were doing large amounts of real world commercial transactions.

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