25 Jun 2019 Arjun Agarwal
Almost All Of Bitcoin SV Transactions Are Done Via A Weather App
Despite the initial hype, Bitcoin Satoshi Vision (BSV) has yet to prove its long-term sustainability. The reason for doubts is that over 98% of the transactions for the past 30 days are going through a weather app, running on Bitcoin SV’s blockchain.
Twitter users raised an awareness flag that weathersv.com was responsible for over 1,2 million transactions last month. In its core, weathersv.com resembles a weather data gathering platform, which records climate data in the Bitcoin SV blockchain.
Users willing to get local climate information must pay an initial fee of $4, and will be charged $0.71 per month.
Bitcoin SV had a rough start since the hard fork. However, in the past couple of months, Bitcoin SV’s experienced a drastic price increase from $55 to $239 as of press time. Regardless of the jump, the currency still experiences volatility issues.
On the other side, Bitcoin (BTC) continues to rise at a rapid pace over the past week. Currently the leader in cryptocurrencies surpassed $11,200, and went beyond the $10,000 barrier last week
Ethereum, the second largest cryptocurrency based on market capitalization, is maybe the biggest winner of the pack, raising its price from $268 to $310 as of press time.
The last of the big three, Ripple, is also following the trend, with a weekly raise from $0.4262 to $0.4590 as of press time.
Overall, the positive trend is still persisting within the entire crypto market, with a 16% upward shift recorded during the past week, clocking at $332,493,336,488.
