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By Floyd Matlala 
8m ago
If you’ve been eager to join the virtual currency space, this may be the perfect time to jump on the winners bandwagon as the world of cryptocurrencies has been booming recently.
The second largest cryptocurrency Ethereum has seen impressive growth since the start of the year. It shows signs of overtaking the world’s leading cryptocurrency, Bitcoin, and many are convinced that this new type of emerging investment is the future.
According to data presented by AksejeBloggen.com, Ethereum was the most traded cryptocurrency in the third quarter of 2020, with 1.1 million average daily transactions, 3.5 times more than Bitcoin. The price of Ethereum has risen by a remarkable 230%.
Ethereum transactions per day are reported to have increased by 610,000 between June and September, a jump of 131% in three months.
Bitcoin witnessed more than 319,000 average daily transactions between June and September, CoinMetrics data revealed. Other major cryptocurrencies saw less than a tenth of Ethereum’s daily volume. Litecoin ranked third with 56,000 average transactions per day over this period. Dash, Bitcoin Cash and Monero followed with 25,100, 17,200 and 12,000 daily transactions respectively.
The boom trend saw the combined value of all Ethereum coins in circulation rise to $ 53.8 billion in September, a 102% jump in three months, while data from BitInfoCharts revealed that the number of Ethereum transactions increased. significantly since the beginning of the year. In the first quarter of 2020, the number of average daily transactions was 537,900. After a slight decline to 463,100 in March, transactions continued to rise in the following months.
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