Cool visual representation of how money flows in cryptocurrency from coinlib.io. Really easy way to view how money comes into crypto from fiat currencies and how it moves within the ecosystem once it’s there.
USD still leading the way on boarding money into cryptocurrency, but not by much. The Japanese Yen, USDT (Tether) and the South Korean Won following closely behind with the Euro still not making much of a dent. Binance recently announced that they will add Euro trading pairs on their platform which could be a game changer for European client and institutional onboarding. Helps that they’re based and licensed in Malta. Would be interesting to see how other exchanges like Bittrex, Bithumb, Upbit and others react.
Once in Bitcoin, we see how money flows from BTC into alts the past 24 hours. Ethereum leading the was as expected with newcomer EOS coming in second. Bcash still capturing some of that Bitcoin money and lots of much smaller projects making up the rest. One noticeable trend is how protocols lead the way here over Dapps. It seems that people still value protocols as a safer store of value…especially in this current bear season. Ethereum Classic, EOS, Bitcoin Cash, Litecoin, Tron, Qtum, Neo and many more make this list.
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