According to a report from Crypto.com, in just six months, the quantity of participants in the cryptocurrency marketplace doubled from 106 million in January to 221 million by the finish of June 2021.
On July 29, cryptocurrency exchange Crypto.com launched its most recent review measuring participants in the international cryptocurrency marketplace. According to the report, the quantity of cryptocurrency consumers in the globe has grown strongly to exceed a hundred% in the to start with six months of 2021.
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Crypto.com exhibits that cryptocurrency adoption has enhanced quickly this 12 months. Because it took only 4 months to almost double the quantity of consumers from 106 million in January 2021 to 203 million in May. By the finish of June this 12 months, there are 221 million persons in possession of cryptocurrencies. While in the previous it took 9 months for the quantity of cryptocurrency holders to boost from 65 million to a hundred million.
According to statistics, Bitcoin (BTC) and Ether (ETH) are slowly shedding their marketplace share. Meanwhile, the quantity of persons who very own cryptocurrencies continues to expand. The review also exhibits a huge boost in consumers largely due to the acceptance of altcoins.
Bitcoin (BTC) and Ethereum (ETH) are shedding marketplace share to other altcoins
According to Crypto.com, the acceptance of altcoins is probably driven by a new wave of consumers interested in meme coins this kind of as Dogecoin (DOGE) and Shiba Inu Token (SHIB). Part of this is thanks to Elon Musk’s push to advertise DOGE on Twitter.
Crypto.com’s most recent “Cryptocurrency User Research” report comes immediately after the corporation launched its to start with edition in early May 2020. As unveiled by Crypto.com, the corporation employs mixed on-chain information analytics with “additional match parameters” to estimate the quantity of cryptocurrency holders all-around the globe. This most recent report also involves information from 24 significant cryptocurrency exchanges in the globe this kind of as Binance, Coinbase, Huobi …
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