In the world of cryptocurrency, some coins are more popular than others. Finding a viable metric to determine this success is pretty difficult. Shape shift bitcoin chart Shapeshift, it seems their BTC to BCH conversion generates most of the volume.
While this statistic only tells part of the story, it’s still interesting to keep an eye on. Not everyone is in favor of those two currencies doing their own thing. Community members tend to sling mud on a regular basis, yet both coins are successful in their own way. Bitcoin makes up the missing volume.
All of this shows most currencies derive value from one another, as it has been for quite some time now. What is interesting is how the Bitcoin Cash conversion is so popular right now. It is rather surprising, as both BCH and Bitcoin are rising in value. One would expect people to hold onto their Bitcoin when things finally go their way.
For some unknown reason, that is not the case. Whether or not this trend will continue, remains to be seen. It is possible people will diversify their portfolio now that all currencies see positive momentum. Bitcoin remains the go-to currency for newcomers, rather than any of the altcoins.