cryptocurrency-statistics

What Are The Best Cryptocurrency Statistics That One Should Know?

Cryptocurrency statistics are interesting just like cryptocurrencies themselves. Digital currency is a relatively new currency but even in this small span of time, it has created many controversies. 

Even if that is the case, the fact remains that there are many people across the globe who want to get rich through cryptocurrencies, especially after Bitcoin rose so unexpectedly in January 2021. 

However in this article, we will not solely focus on Bitcoin statistics, rather we will focus on the cryptocurrency statistics as a whole. There are many people who want to quit their job and live their life by cryptocurrency mining. 

Top 10 Cryptocurrency Statistics In 2021 For Crypto Enthusiasts

So let us see the most promising statistics straight away.

  • There were more than 5,500 cryptocurrencies in June 2020. 
  • By 2027 it is expected that the cryptocurrency market will reach $1,758 million. 
  • In January 2018, the highest digital currency global market cap was estimated to be $800 billion. 
  • There was nearly 18.42 million Bitcoin that was circulated globally in the second quarter of 2020. 
  • The market valuation of Bitcoin in the first quarter of 2020 was $117.81 billion. 
  • Despite a 40.07% fall in crypto market share, Bitcoin still remains the king of cryptocurrency. 
  • By the end of June 2020, Bitcoin was priced at $9,165. 
  • The World’s 35.76% of the global crypto mining is carried out by the Xinjiang region in China. 
  • There has been a massive growth in the Bitcoin blockchain since its inception. Now that blockchain has grown to 270 GB in March 2020. 
  • It is estimated that by 2025, the blockchain market will reach nearly $40 billion. 

Global Cryptocurrency Statistics

Similar to all other new technologies, digital currencies are often confusing and get combined with suspicion and sedition theories. So here are some cryptocurrencies that have gained popularity all over the globe. 

  • In January 2018, the highest digital currency global market capitalization was estimated at $800 billion. 

According to Finance Market Global Market Report, this value is a market capital for all digital currencies prevailing in the market. If you find it difficult to believe that cryptocurrencies are highly fluctuating then you should know that the market capitalization of digital currency became nearly half and was $417 billion in February 2018. 

  • Despite a 40.07% fall in crypto market share, Bitcoin still remains the king of cryptocurrency. 

Bitcoin is synonymous with digital currency, and it has been the most attractive of them all. However, if we compare its market share in 2013 when it was nearly 94.29% to 2018 it can be seen that it has earned a lot of competition. The crypto market was homogeneous till 2017, but after the massive success of 2017, there came many altcoins in the market. 

  • There were more than 5,500 cryptocurrencies in June 2020. 

This information was received from E-crypto News that also affirms the fact that the market capital for all these currencies in June 2018 was much more than $271.58 billion. But it is not possible to virtually tell the exact number of digital currencies. 

Cryptocurrencies are slowly losing their valuation even though the number of digital currency in the market is increasing. This does not imply that there is no good investment. This implies that there were better investments in 2012, 2013 where the value would explode as they were not known. 

  • By 2027 it is expected that the cryptocurrency market will reach $1,758 million. 

It is guaranteed that the digital currency market valuation would grow and that too at a CAGR of 11.2% for the estimated period. The popularity of crypto is evolving and with the development of blockchain technology, it is blooming more.

  • It is estimated that by 2025, the blockchain market will reach nearly $40 billion.  

Blockchain statistics are interesting especially, considering that this market is still fresh and is developing. Every year the market is growing by a million dollars. 

  • There has been a massive growth in the Bitcoin blockchain since its inception. Now that blockchain has grown to 270 GB in March 2020. 

These blockchain graphs from Statista are very interesting. In 2012 the blockchain was even less than a GB but in 2018 it has grown to 270 GB. This shows the real growth that blockchain technology has gone through with other developments in the cryptocurrency world. 

What Are The Top Digital Currencies?

The top 10 cryptocurrencies are chosen on the basis of their market popularity and market capital. Based on the above mentioned cryptocurrency statistics here is a list of the top 10 cryptocurrencies in the world. 

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether (USDT)
  • Ripple (XRP)
  • Bitcoin Cash (BCH)
  • Bitcoin SV
  • Litecoin (LTC)
  • Cardano (ADA)
  • Crypto.com Coin
  • Binance Coin (BNB)

Conclusion

From the above article it can be concluded that according to the cryptocurrency statistics, the digital currency market has seen massive growth, yet to see more in currency valuation as well as in the development of blockchain technology.

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