Despite Bitcoin Price, Cryptocurrency Usage Statistics Reveal Altcoins Growing Faster

August 1, 2019 marked the two year anniversary of the Bitcoin fork that created Bitcoin Cash due to a debate over increasing the block size, and since then there has been a noticeable increase in the usage of cryptocurrencies other than Bitcoin.

Bitcoin daily transactions flat for 2 years. Look at the data.
*Bitcoin is bubble*
Ethereum is way oversold. 10x its daily transactions over same period w/ major on-chain scaling next 18 months. https://t.co/yzQ9H0B9CC

— Token State (Tokenize the World) (@tokenstate) August 1, 2019

Some who favor the legacy Bitcoin chain praise the fork as being the more successful choice for its various attributes and its maintenance of market cap majority. However, analysis and comparison of Bitcoin against other top cryptocurrencies paint a different picture than that told by exchange price and market cap alone. While exchange price reflects demand for a certain good or service, it can also be bias towards speculative traders rather than…