cryptodailytrading.com

Tron May Be the Most Liked Cryptocurrency, According to Facebook Stats

  • Alexander Goborov
    📊‍ Infographics

    With over half a million FB likes, Tron appears to be the most popular decentralized cryptocurrency on the most popular centralized network


Tron May Be the Most Liked Cryptocurrency, According to Facebook Stats
You may also like:

There are many ways to measure a cryptocurrency’s strength. Arguably, the two most reliable indicators are market capitalization and price index statistics.

CoinMarketCap reveals that Bitcoin is the leader by market capitalization with almost 110 billion USD, followed by Ethereum (~20.5 billion USD), Ripple (~18.5 billion USD), Bitcoin Cash (~8 billion USD), and EOS (~5 billion USD).

Price-wise, the leaders are as follows: unsurprisingly, Bitcoin is leading here as well (~6330 USD for one crypto coin), followed by Maker (~625 USD), Bitcoin Cash (~460 USD), Ethereum (~200 USD), and Dash (~150 USD).  


Nevertheless, there also exists another, more “mainstream” social statistic, Facebook likes. It may seem overly trivial to some, but Facebook’s influence on our lives in general, and the crypto world in particular, cannot be overlooked in spite of it being a centralized social platform. So, like it or not (no pun intended), Facebook does reflect a degree of popularity, albeit of a rather particular type, and does paint a picture of a company’s global standing, albeit an incomplete one.

Be that as it may, it can still be fun to look at and consider every once in a while. So, here it is. According to the figures provided by our partner DataLight, the situation looks the following way:

Facebook Likes

Tron is in first place, Infinity Economics is second, Ethereum is third, Ripple is fourth, Revain is fifth, Putin Coin happens to occupy the villain-like number six (naturally), and Litecoin is today’s very likable lucky number seven, followed by everyone else.

Obscure players aside (clearly, marketing departments never sleep), it comes as no shock that Ethereum and Ripple are in the top five. Nor is it unusual that Tron is leading; after all, it has recently overtaken Ethereum by number of daily transactions. And deservedly so, knowing that Tron’s founder, Justin Sun, tends to put some of his own profits into charity work.

From all of us here at U.Today: stay put, stay well, and have a splendid weekend!

Cover image via u.today
Only the most important posts per day. Infographics, analytics, reviews & summaries. Follow us on Facebook!
👓 Recommended articles

Institutional Interest in Bitcoin Continues to Grow: Report

  • Alex Morris
    📊‍ Infographics

    Institutional Bitcoin trading volumes have been on the rise since the beginning of April, but there is only one winner in this game
     


Institutional Interest in Bitcoin Continues to Grow: Report
You may also like:
Contents

According to a new study published by Blockchain research firm Diar, institutional Bitcoin trading volumes are growing for the fourth consecutive month. The fact that the number of CME futures contracts skyrocketed since the beginning of April is the icing on the cake.

👉MUST READ Coinbase Sets Sights on Asian Institutional Investors
Coinbase Sets Sights on Asian Institutional Investors

CME’s dominance

 As reported by U.Today, CME Bitcoin futures saw their daily trading volume increase by a whopping 950 percent with 22,542 contracts on Apr. 4. In fact, the sudden rise in Bitcoin price was linked to the expiration of CME futures.  

So far, that level of interest remained steady with 11,873 contracts traded on Apr. 11.


Institutional Interest in Bitcoin Continues to Grow: Report

👉MUST READ Wall Street Titan Mike Novogratz Thinks Institutional Money Will Make Bitcoin Price Skyrocket
 Wall Street Titan Mike Novogratz Thinks Institutional Money Will Make Bitcoin Price Skyrocket

The only winner

With CBOE pulling the plug on Bitcoin futures due to its inability to compete with its Chicago-based rival CME, there is a clear winner in this race. While Diar calls CBOE ‘the biggest loser’, Grayscale's Bitcoin Investment Trust (GBTC) is not exactly on the winning side, either. It now accounts for 24 percent of the market, lagging behind CME (a far cry from its 50 percent market share back in January 2018).

👉MUST READ Fidelity’s New Unit to Tap Institutional Investors’ Appetite For Crypto
Fidelity’s New Unit to Tap Institutional Investors’ Appetite For Crypto

New heights

The dominance of institutional products has been steadily rising since January. As of April, institutional money is responsible for 19 percent of the total Bitcoin trading volume (almost 8 percent more than during the market peak in January 2018). However, it has yet to match its 24 percent market share that was recorded in July.

Cover image via u.today
Only the most important posts per day. Infographics, analytics, reviews & summaries. Join our Telegram channel!
👓 Recommended articles