The Cryptocurrency Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Cryptocurrency Market:
https://www.thebusinessresearchcompany.com/report/cryptocurrency-global-market-report
According to The Business Research Company’s Cryptocurrency Global Market Report 2024, The cryptocurrency market size has grown rapidly in recent years. It will grow from $2.16 billion in 2023 to $2.49 billion in 2024 at a compound annual growth rate (CAGR) of 15.5%. The growth in the historic period can be attributed to early adoption and enthusiasm, market speculation, global financial uncertainty, regulatory developments, initial coin offerings (ICOs).
The cryptocurrency market size is expected to see rapid growth in the next few years. It will grow to $4.59 billion in 2028 at a compound annual growth rate (CAGR) of 16.5%. The growth in the forecast period can be attributed to institutional adoption, global acceptance, decentralized finance (DeFi), government and regulatory clarity, increased tokenization. Major trends in the forecast period include technological upgrades, blockchain technology development, technological advancements, rise of central bank digital currencies, NFTs (non-fungible tokens) boom.
Transparency in financial payment is expected to propel the growth of the cryptocurrency market in the coming years. Digital currencies are created using blockchain technology, which allows multiple entities to keep copies of historic transactions, that means it is not controlled by one central source. The centralized systems and human gatekeepers limit the speed and sophistication of transactions while reducing users' direct control over their money. There are no middlemen in digital currency transactions and consumers have the authority to stop or pause transactions and record them in their private ledger. For instance, in July 2021, Tesla, a US-based electric car manufacturer has started accepting bitcoin as a mode of payment because of its transparency and unique value. Therefore, the transparency in financial payment drives the growth of the cryptocurrency market
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The cryptocurrency market covered in this report is segmented –
1) By Type: Bitcoin, Ethereum, Bitcoin Cash, Ripple, Dashcoin, Litecoin, Other Types
2) By Process: Mining, Transaction
3) By Offering: Hardware, Software
4) By End User: Trading, Retail And E-commerce, Banking, Other End Users
Major companies operating in the cryptocurrency market are adopting strategic collaborations in cryptocurrency market to sustain their position. Strategic collaborations play a crucial role in advancing the cryptocurrency market by fostering innovation, expanding accessibility, and building trust in the industry. For instance, in September 2023, RedotPay, a Hong Kong-based Web3 payment solution provider, and Beosin Co. Ltd., a Singapore-based blockchain security company, Entered a Strategic Partnership. The purpose of this important partnership is to improve our cryptocurrency payment platform's real-time blockchain transaction monitoring and evaluation capabilities. The partnership focuses on proactively identifying and mitigating risks associated with cryptocurrency payments, ensuring adherence to strict regulatory standards for Virtual Asset Service Providers (VASPs).
The cryptocurrency market report table of contents includes:
- Executive Summary
- Cryptocurrency Market Characteristics
- Cryptocurrency Market Trends And Strategies
- Cryptocurrency Market - Macro Economic Scenario
- Global Cryptocurrency Market Size and Growth
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- Global Cryptocurrency Market Competitive Benchmarking
- Global Cryptocurrency Market Competitive Dashboard
- Key Mergers And Acquisitions In Cryptocurrency Market
- Cryptocurrency Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Federal Reserve Bank of Boston
- Intel Corporation
- BitGo Inc.
- Bitstamp Limited
- Nvidia Corporation
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Pennies Coins is one of the leading community forum for cryptocurrency news, discussion, analysis and stock market related discussion, ideas, questions and answers.
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Can New Users Get Rich With BitQL?It is possible for new users to generate a considerable amount of profit with BitQL.
We have done a thorough analysis of this trading application and can confirm that BitQL offers all the necessary functionalities to help a new user to be successful.
In the same way, we have compiled some tips to help a new user to be successful on the platform:Use the Demo account: When you start to learn how the demo account works, you will understand a little better the automatic trading in the cryptocurrency market and how to select the best cryptocurrency pairs during real-time trading.Investigate !
:Register in the digital forums where the cryptocurrency market is analyzed and keep up to date with current trends.Start with the minimum deposit: It is always best to start your trading journey with a minimum deposit of 250 euros.
When you have made your first profits, then you can gradually increase your investment.Our conclusion:We have added BitQL to our list of the most effective and reliable auto trading applications.
Our experience with BitQL was pleasant.
Binance, one of the world’s biggest crypto exchanges, has announced on July 5 that it will support the upcoming Ontology 2.0 network upgrade.
Ontology 2.0 will include the integration of a number of community-led upgrades to its MainNet.Binance says that it will end support of Neo Enhancement Protocol 5-based, or NEP5, ONT tokens deposits.
Any future deposits of NEP5 ONT will not be credited to users' Binance account, it indicates.Deposits and withdrawals of ONT will be stopped starting July 6 at 9 a.m. UTC.
Users will be notified when the Ontology upgraded network becomes stable and deposits and withdrawals are reopened, says Binance.Key notes about the Ontology 2.0 upgrades of Binance :1.
NEP5-based ONT tokens will no longer be supported on Binance.
Any future deposits of NEP5 ONT will not be credited to your account3.
crypto exchangeCrypto Update is a community-driven information portal focussing on the top stories and events impacting the cryptocurrency markets across the globe.
Beyond the buzz, we bring to you only the most important and curated news with insights.Our goal is to further empower the crypto-trading community by sharing informed trading signals, project reviews, token tips and analysing how major developments immediately impact the cryptocurrency market.At Crypto Update, the team believes in co-building the evolving decentralized fintech space.
Welcoming new ideas, we also encourage sharing and exchange of valuable tips and teachings meaningful to creating a healthy trading community.
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Many platforms have emerged to create smart contracts, we chose the most famous to analyze them in-depth: how they work, characteristics, speed, scalability, and much more in this complete analysis on Ethereum, EOS, and TRON smart contracts.For some time now, the birth of new platforms aimed at the development of smart contracts -or smart contracts- and decentralized applications has spread throughout the cryptocurrency market.
While there are a large number of platforms, at Cointelegraph we decided to focus on the 3 most renowned: Ethereum, EOS and TRON.Ethereum Ethereum (ETH) is a distributed ledger and decentralized computing platform with smart contract capabilities.
It was proposed at the end of 2013 by Vitalik Buterin and financed through ICO in July and August 2014, which generated approximately USD 15,571,000 with a cost per token of $ 0.311, the ICO of ETH was one of the most profitable as far as there is a record.
Subsequently, the main Ethereum network was launched on July 30, 2015, giving way to a variety of applications and development options to the community.Its consensus algorithm works through the Proof of work mechanism or proof of work that, through a coarse network of miners, transactions are validated and verified to be added to a block.
After Bitcoin, Ethereum is the most valuable blockchain project by market capitalization.
It is one of the first large blockchain networks built specifically for decentralized applications.Tron The development of TRON (TRX) is a smart contract platform in charge of granting a more optimal development for the execution and scalability of decentralized applications (Dapps).
