Cryptocurrencies
Crypto Industry on ‘Brink of an Implosion,’ Researcher Says
- Declining daily transaction volume, values seen as negative
- Quarter-over-quarter transactions are seen plummeting again
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Echoing sentiments of mainstream economists, Juniper Research is warning that many of the metrics in the cryptocurrency world are pointing to a market implosion.
Industry bellwether Bitcoin had seen its daily transaction volumes fall from an average of around 360,000 a day in late 2017 to just 230,000 in September 2018. Meanwhile, daily transaction values were down from more than $3.7 billion to less than $670 million in the same period, Juniper said in the study, The Future of Cryptocurrency: Bitcoin & Altcoin Trends & Challenges 2018-2023.