Seems like Dogecoin has just surpassed bitcoin in volume. Crazy times huh.
Litecoin constantly beats Bitcoin in volume (by a lot).
View volume in the amount of value exchanged (typically measured in dollars) and you will get a much different picture.
As assets go up in value, the volume measured in the amount of the asset exchanged typically goes down, but the volume measured in value exchanged goes up (or stays the same). In other words, 1000 bitcoins exchanged at a price of $1 each is the same value exchanged as 1 bitcoin at a price of $1000 each.
See google:
As the value of the asset increases, the volume (measured in the amount of the asset exchanged) drops. We no longer need to trade thousands of Bitcoins to equal a significant amount of value exchanged.
TL;DR: There is nothing crazy about an asset with low value seeing huge volumes compared to an asset with high value, as long as you are measuring volume in the amount of the asset exchanged.
I am talking about dollar value of market cap, not amounts of coins traded.
Not that coinmarketcap is fair or anything, but dogecoin is beating it out on 24h volume right now.
This kind of shows that cyrpto currencies are just a big gambling/speculation thing.
It also shows where future money will be going for the big profits, the boat has long passed for bitcoins.
All this talk about usefulness is really not that important. But I always knew that, I never cared about anything else really as USD does everything I want for a currency. However, you can't really speculate with it like bitcoins.
