Quick Look at Richest Bitcoin Cash (BCH) Addresses. Who Are These Whales?

  • Alex Dovbnya
    📊‍ Infographics

    You have👆 ✔️  to own 20,000 BCH in order to end up on the ‘Rich List,’ but the biggest whales ✋️ 🐋are incredibly wealthy


Quick Look at Richest Bitcoin Cash (BCH) Addresses. Who Are These Whales?
Contents

Bitcoin Cash is a controversial Bitcoin spin-off that attempts to solve BTC’s scaling problem by increasing the block size. This allows the coin to reach higher mainstream adoption because of higher transaction speed. Despite the forking that took place in November, BCH is still holding up strong, occupying fourth place on CoinMarketCap.

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Meet Bitcoin Cash whales

The richest BCH wallet holds more than $195 mln, which is 2.65 percent of the total supply, according to data provided by BitInfoCharts. This is a relatively new wallet that was created on January 25, and it has frequent transaction movements.

It is worth noting that this is the only address that boasts eight-figure numbers. Overall, only seven addresses hold more than 100,000 BCH ($40.8 mln at the time of writing).

It is now exactly clear who owns these wallets. However, it is reasonable to assume that ‘Bitcoin Jesus’ Roger Ver, Calvin Ayre, and Jihan Wu could hold the heftiest BCH bags. As reported by U.Today, Ver revealed that he sold his Bitcoin holdings for Bitcoin Cash, which occupies the lion’s share of his investment portfolio.

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Joining the ‘one percent’ club

Speaking of the distribution of Bitcoin Cash, you only need to own more than 1 BCH ($414.87) at the time of writing in order to end up among the top 1.97% of the wealthiest owners. For comparison, your net worth has to exceed $770,000 in order to be in the ‘one percenter’ club in the US.

It appears that the lion’s share of BCH holders simply dabbles with the cryptocurrency.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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Biggest Cryptocurrency Ecosystems: Ethereum, Omni, Tron, and More

  • Alex Dovbnya
    📊‍ Infographics

    Ethereum is two times larger than all other ecosystems combined, but Omni boasts the biggest top project  


Biggest Cryptocurrency Ecosystems: Ethereum, Omni, Tron, and More
Contents

In its latest study, cryptocurrency research firm DataLight examines the biggest cryptocurrency ecosystems. Ethereum, which boasts an eye-popping $12.2 bln ecosystem is in a clear lead with 1,193 projects under its belt.

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The two biggest ecosystem

Top put this into perspective, Maker, the most successful Ethereum-based cryptocurrency,  alone has a market capitalization of $736.5 mln, which is higher than eight out of ten ecosystems on the list. The same is true for BAT and Crypto.com Chain – both of these projects are on the CoinMarketCap top 30 list.

Omni Layer is a meta-protocol that is built atop of Bitcoin. While the ecosystem has six projects, USDT Tether, the flagship stablecoin, is almost fully responsible for its $3.2 bln market cap. Omni (OMNI) is worth slightly more than $1.2 mln.

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Tron, NEO, and more

Similarly to Omni, the Tron ecosystem is also a one-coin band. BitTorrent, the native token of the legendary P2P file sharing protocol of the same name, has a market cap of $350 mln. This alone makes Tron the third largest ecosystem.

NEO, Stellar, and NEM are also among the top five biggest ecosystems. Notably, EOS, the sixth biggest cryptocurrency, has a rather tiny ecosystem with Everipedia, the Blockchain-based encyclopedia, being the only notable project that operates on its platform.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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