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Bitcoin Loses to BSV in Daily Transaction Volume Due to Low Payments That BTC Does Not Handle

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    Bitcoin SV surpasses Bitcoin in the number of daily transactions, recording around 10,000 TPS more than BTC on October 6

Cover image via news.u.today

 

A member of the BSV community has shared some data on his Twitter page about Bitcoin Cash SV surpassing the original cryptocurrency Bitcoin in the number of transactions per day.

The Twitter user @BHoarder1 published a post which shows that specifically on October 6, there were around 10,000 transactions more in the Bitcoin SV network than on the Bitcoin chain.

 

The website bitinfocharts shows that BSV comes 4th after Ripple, Ethereum, and Bitcoin regarding daily transaction volume.

BSV
Image by https://bitinfocharts.com 

 

However, yesterday, BSV managed to outperform BTC. This may have happened due to the fact that the you can even send $0.30 via BSV network which is impossible for BTC due to its high fees.

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Still, since sources of data on bitinofocharts.com are not clear, the information it shares may be not entirely accurate.

Which currency in your opinion will have a better future - Bitcoin or Bitcoin SV? Let us know in the comments below!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

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    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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