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.
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.