Weiss Crypto Ratings says despite the 2018 bear market, there was a considerable uptick in the usage of altcoins. The rating agency says this trend points to the increasing level of cryptocurrency adoption for many users across the globe.
Cryptocurrency Sees Transactions Soar in 2018
According to a blog post published by the agency on Wednesday (April 10, 2019), four altcoin projects saw massive growth in user adoption throughout 2018. Meanwhile, at the time, market prices were plummeting by an average of 80 percent across the board.
EOS transaction volume grew from 7,000 per day to about 4.6 million per day between February 2018 and March 2019. Tron, also saw its own count increase from 3,000 to 1.9 million during the same period.
The other two cryptocurrency projects identified by Weiss Ratings – BitShares and WAX, saw their numbers grow to 1.1 million and 4.4 million transactions per day, respectively.
In total, these four altcoin projects experienced a 2,700 percent increase in daily transaction count, growing from…