📈Crypto Growth Stats
The explosive growth of this industry and why trading it is a skill to be learnt.
The cryptocurrency market has grown rapidly in recent years, with many investors and traders becoming interested in the potential returns that can be achieved through trading digital assets.
Here are a few statistics that show just how explosive crypto is growing.
Market Capitalization: The total market capitalization of the cryptocurrency market surpassed $1 trillion in January 2021.
Market size: The crypto market size is estimated to reach $1.4 trillion by 2028, which is a CAGR of 10.4% from 2021 to 2028
Trading Volume: Daily trading volume on major crypto exchanges exceeds $50 billion, and it's showing a consistent upward trend.
Adoption: Cryptocurrency usage and adoption is growing rapidly. Major corporations like Tesla, PayPal, and Visa are now accepting Bitcoin and other cryptocurrencies as a form of payment.
Institutional Adoption: More and more institutional investors are entering the crypto market, indicating increasing mainstream acceptance and credibility.
Volatility: Crypto is known to be a highly volatile market with many opportunities for short term and long term profits.
Decentralization: Cryptocurrencies are decentralized, which means that they are not controlled by governments or financial institutions, this decentralization gives traders more control over their own assets and trades
Innovation: The crypto market is constantly evolving, with new projects and developments constantly emerging. This can create opportunities for traders to invest in promising new technologies.
A few statistics that might give an idea of the growing number of crypto wallets are:
Popular Crypto wallet providers like Ledger, Trezor, and MyEtherWallet have reported multiple millions of wallets created by their users in the recent years.
According to a report by Data Light, there were around 42 million active cryptocurrency wallets in early 2021.
The number of wallet downloads from the App Store and Google Play has increased significantly over the past years.
Some other crypto wallet providers have reported a significant increase in the number of wallets created on their platforms in recent months, indicating a growing interest in cryptocurrency among the general public.
It is important to note that these are approximate numbers and might not reflect the entire crypto wallet market as there are also several other ways to create wallets such as using command line or creating a paper wallet. Additionally, it is possible that some individuals may have multiple wallets.
Overall, it can be said that the number of crypto wallets being created is growing rapidly as the awareness and acceptance of cryptocurrencies are increasing.
These statistics indicate that the crypto market has significant potential for growth and that there is a high level of demand for trading digital assets. As a beginner trader, learning how to trade cryptocurrencies can open up many opportunities for making profit, however, it is important to remember that investing or trading crypto has it's own level of risk, so it's important to do your own research and education before making any decisions.
Last updated