Whether or not you are a Bitcoin investor, you can always choose to be informed of the latest development in the crypto market. You might find yourself drawn into the investment opportunities offered by cryptocurrencies. Learn the latest statistics that might come in handy when you make your next investment decision.
Number of Cryptocurrencies
While some reports claim that there are more than 10,000 listed cryptocurrencies, it is noteworthy that Reuters also reported a trend on its relatively declining value back in 2018. However, you can also observe that the line graph was going up after that. It would be safe to assume that the value of cryptocurrencies has recovered since then, considering the all-time high recorded by Bitcoin and XRP recently. Despite all this, it is highly recommended to always invest with caution.
Crypto Statistics 101 Did You Know That?
There is a growing number of cryptocurrencies in circulation. From Bitcoin-to-Bitcoin Cash and Dogecoin to Baby Doge, you can find several others in reputable crypto exchanges. They all share a common factor: offering gains depending on price behaviour in the crypto market. Still, each of them has its differentiating character that you may want to find out. This is the best way to know which one would work best for your needs.
Number of Crypto Investors
The number of crypto investors would tell you how big the crypto market is today. No doubt, it has gone through the roof after several success stories from regular people who could realise hefty crypto gains. One way or another, those testimonials have contributed to the interest of the public in crypto investment. In January of this year, it was reported by Business insider that the ownership of crypto accounts has already rocketed to 100 million.
Perhaps the growing number of subscribers can also be attributed to the global character of crypto trading. Anyone who has access to the internet can start funding a virtual wallet for crypto trading. There are also online tutorials and other materials prepared by the team of Bitcoin Profit by analyzing the Bitcoin ups and downs to guide new investors every step of the way. What newcomers should know more about are the risks that go along with this kind of investment venture. They will have to learn how to go around the challenges to be able to maximise returns.
Amount of Crypto Investment
How much is the crypto market worth? From the humble beginnings of the daddy of all cryptocurrencies, it would be a delight to be reminded how far the market has gone. Imagine the market was able to reach the value of US$2 trillion, which is almost equivalent to the value of gold, according to a Statista report filed in May 2021. With that amount of capitalisation, it would be fair to say that the crypto market has already reached new heights.
The value of the market only tells one thing. It promises lucrative investment opportunities, although the guarantee cannot always be had in this niche. Investors are advised to make sound decisions in choosing the cryptocurrencies where they will lodge their money. It would be reasonable to go over the historical data several times before delving into a crypto exchange. Although the numbers can be tempting, you can never tell what would happen next in an unpredictable market.
Number of Crypto Exchanges
According to Financial Times reports, from 200 three years ago, the number of crypto trading platforms has increased to 500. That means investors have many options when it comes to picking the proper crypto exchange that would suit their needs. These platforms offer convenient ways of growing your digital coins with reliable technical support. Surely, you will find your way with all the help that you can get.
Rest assured that you can safely deal with most crypto trading platforms. Some countries have already launched regulations to ensure the legitimacy of crypto exchanges following a few unfortunate crypto scams. This way, states can be able to protect the interest of innocent investors taking their chances.
Hopefully, you could get a glimpse of the crypto market with these statistics on the number of cryptocurrencies, investors, market value, and crypto exchanges. There is a good chance that you will be able to weigh your options given all these. Be that as it may, you should also look into the risks to gain better control.
Tom Murphy a SEO manager at Adsy.
Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. Before deciding to trade/invest in cryptocurrencies you should be fully informed of the risks and costs associated with it, carefully consider your investment objectives, level of experience, & risk appetite, and seek professional advice where needed.