A Divergence of HashRates in 20190.01

As I have established in previous posts, the hashrate and price of a cryptoasset are typically linked. As cryptocurrencies recover in 2019, it is worthwhile to evaluate the hash power of the leading cryptoassets to gain a sense of the mining community’s confidence in the future prospects each cryptoasset. In this post I evaluate the hash power of three leading cryptoassets Litecoin, Bitcoin, and Ethereum. I find that hashrates are diverging for Litecoin, Bitcoin, and Ethereum, indicating that Litecoin and Bitcoin will outperform Ethereum in the forthcoming bull market.

Litecoin has had the most remarkable hash-rate resurgence demonstrating that the mining community is extremely bullish on the future prospects of the crypto-asset. Litecoin will undergo a halving in August of 2019, and is hence experiencing an incredible surge in both its price and hash power.

Original source

Add comment

Please Sign in to be able to leave comments.