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Most Surprising Crypto Statistics of 2021 By DailyCoin

Most Surprising Crypto Statistics of 2021 By DailyCoin
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The most surprising crypto stats for 2021

Cryptocurrencies are a relatively new invention. In the past few years, they have gained huge traction thanks to the prevailing popularity. It also revolutionized many industries, especially the banking sector. Many fintech companies rely on blockchain and cryptocurrency. For example, cryptography is now used for cross-border payments and transfers, filling the gap left by traditional banking systems. As a result, investors have found cryptocurrencies to offer great investment opportunities. So it is essential that you understand the scope of cryptocurrencies. We’ve whittled down some of the most surprising crypto statistics about cryptocurrencies that you should know.

1. Its Market Cap Exceeds $1 Trillion For The First Time In February, Bitcoin achieved a new milestone after reaching a market cap of $1 trillion. Bitcoin price is trading just above $53,500. This was the first time that a cryptocurrency reached a market cap of over $1 trillion. However, Bitcoin is currently trading at $47,170, with a market capitalization of $892 billion. It is the second largest cryptocurrency and could achieve the same feat if it doubled its price at least.

2. The value of the global cryptocurrency markets increased by nearly 3000% between 2020 and 2021. The total cryptocurrency market increased from $100 billion in early 2020 to $3 trillion in 2021. This represents a growth of 3000%. However, the market capitalization fell to $2.22 trillion. Future growth will be influenced by the growth of large cryptocurrencies, especially Bitcoin and Ethereum. Valioates estimates that the global cryptocurrency market size will grow at a compound annual growth rate of 12.8% from 2021 to reach $4.94 billion by 2030.

3. Shiba grew 26 million percent in one year According to crypto-academy.org, Shiba was trading at $0.000000003 in the third quarter of 2020. The price spread in 2021, reaching an all-time high of $0.00008 In October, a growth of more than 26 million percent in just 13 months. This is the biggest growth of cryptocurrency in 2021. To put it in perspective, an investment of $10 brought in $266 million. In 2021, the price increased from 0.00000001 USD in January to 0.00003 USD at the end of the year, which is more than 330,000% in one year.

4. There are 34,000 Bitcoin ATMs Bitcoin remains the largest cryptocurrency, capturing nearly half of the cryptocurrency market. Growth and increased adoption have necessitated improving the infrastructure supporting Bitcoin. The number of bitcoins rose to 34,000 from 14,000 at the beginning of the year.

Most of these machines are in the US, with just over 30,000. Canada comes in second with about 2,200 Bitcoin ATMs. El Salvador, which made Bitcoin legal tender in September, ranked third with 200 Bitcoin ATMs. Bitcoin works completely different from traditional ATMs. It allows people to exchange bitcoins for fiat currencies and also sell fiat currencies for bitcoins.

5. There are more than 300 million cryptocurrency users worldwide in 2020, the number of verified users has exceeded 100 million. Binance reports that the number has grown to 300 million as of 2021, which represents about 3.8% of the world’s population. This figure represents 5.8% of the population between the ages of 15 and 65 and is set to rise as cryptocurrency adoption grows.

6. Global Crypto Theft In 2020 Was $513 Million In 2020, crypto theft scams nearly reached the all-time high recorded during the 2017 bull run. $7.7 million was stolen in cryptocurrency scams on Globally, an increase of 80% over 2020. According to Chainalysis, rug pulls account for the largest portion of crypto theft at $2.8 billion. This represents 28% of the total cryptocurrency from the 1% registered in 2020. Rug pulls is where developers abandon a project and disappear into a void with investor money.

7. India has the largest number of cryptocurrency owners with 100 million India leads the countries with the largest number of cryptocurrency users. According to Triple-A, India tops 100,740,320 cryptocurrency users, followed by the United States of America with 2,7491810. It is followed by Russia and Nigeria with 17 million and 13 million, respectively. 12.73% of Ukraine’s population owns cryptocurrency – the highest percentage in the world.

8. There were over 1 million Ethereum transactions per day in 2021 Ethereum processes over 1 million transactions per day. According to data from Y Charts, Ethereum processed between 1.057 million and 1.717 million daily transactions. This is more than six times as many bitcoin transactions, which averaged 250,000 in June.

9. There are more than 16,000 cryptocurrency developers creating new digital currencies every day. According to Coin Market Cap data, there are more than 16,000 cryptocurrencies listed on 451 crypto exchanges.

10. 18,000 Companies Already Accepting Cryptocurrency Payments Did you know that you can pay for goods and services with Bitcoin? Maybe you do. What you may not be aware of is that 18,000 companies spread across the world accept bitcoin payments. Deloitte reports that 2,300 US companies were accepting bitcoin payments by late 2020, excluding bitcoin ATMs. Major companies that accept crypto payments include AT&T, Microsoft (NASDAQ :), Overstock (NASDAQ :), Twitch, Pizzahut, and NewEgg. Amazon (NASDAQ :), MasterCard (NYSE :), Visa (NYSE :), and Tesla (NASDAQ 🙂 are planning to join the group.

11. The US hash rate control of 35.4%. The United States is the number one destination for bitcoin miners. It now controls 35% of the Bitcoin hash rate according to the Cambridge Center for Alternative Finance. Hash rate refers to the computing power of miners. The United States has overtaken China after the Chinese government banned cryptocurrency mining. At its peak, China controlled 67% of the hash rate in September 2020.

12. The top 10 cryptocurrencies make up 88% of the total market value. Cryptocurrencies have varying market prices and capitalization. Bitcoin, which has a first-mover advantage, was at one point more valuable than all other cryptocurrencies combined. However, it is losing market share in favor of ethereum and other altcoins. The top ten cryptocurrencies have largely taken over the dwindling market share of Bitcoin. Low-rated cryptocurrencies have little value, especially due to the low demand and popularity. The surprising fact is that Bitcoin, ethereum and other top ten cryptos control about 88% of the total cryptocurrency market capitalization.

13. Merchants accepting crypto payments have enjoyed an average return on investment of 327% from areas where cryptocurrency has revolutionized online payments. People who have cryptocurrency find it convenient and cheap to pay with cryptocurrency. Thus, companies that accept cryptocurrency attract their users. This explains the massive 327% return on investment by merchants accepting cryptocurrencies.

On the flip side, the cryptocurrency market wasn’t entirely rosy. While the statistics paint a bewildering growth story, some cryptocurrencies are in a downturn. For example, Bitcoin has fallen from a high of 65,000 and is now trading at 47,000. It has fallen more than 70%.

Why you should care According to these stats, the crypto market has grown on all fronts and is poised for further expansion. However, you must choose wisely the digital assets in which to invest in order to reap the profits. Otherwise, you risk losing if you invest in a sharp drop in the digital currency.

2021 was the year that the cryptocurrency market took off, hence the surprising stats. We expect more growth in the cryptocurrency market in 2022 and possibly more amazing stats and fun facts.

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