The cryptocurrency market still has room to grow: Bitfury, Ethereum Foundation, Xilinx
This press release was originally distributed by SBWire
Edison, NJ – (SBWIRE) – 12/27/2021 – Advance Market Analytics has released a new research publication on “Cryptocurrency Market Insights, to 2026” with 232 pages and enriched with self-explanatory tables and charts in a presentable format . In the study, you will find new trends, drivers, restraints and evolving opportunities generated by targeting stakeholders associated with the market. The growth of the cryptocurrency market is mainly due to the increase in R&D spending around the world.
Some of the main players presented in the study are:
Bitmain (China), NVIDIA (US), Xilinx (US), Intel (US), Advanced Micro Devices (AMD) (US), Ripple (US), Bitfury (Netherlands ), Ethereum Foundation (Switzerland), CoinBase (United States), BitGo (United States).
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Scope of the cryptocurrency report
Growth in venture capital investments will help boost the global cryptocurrency market. The advent of Bitcoin marked the birth of cryptocurrency. Developed in 2008 and launched in 2009, Bitcoin was the first cryptocurrency to create a class of its own. Cryptocurrency is not just money that exists in the digital space; it is based on a decentralized form of control, which means that it is not regulated by banks, governments or any intermediary entity with higher power. Instead, ownership, security, and verification are based on a crypto system, which acts as a medium for storing currency and processing it. The US dollar has lost over 80% of its purchasing power over the past 40 years. The cryptocurrency market reached $ 350 million in total currencies in April 2018. On August 22, 2018, the entire crypto sphere amassed $ 12 billion in one day for the top 100 altcoins and Bitcoin. The market shares of cryptocurrencies (apart from Bitcoin) have grown rapidly over the past year. Bitcoin remains the dominant crypto coin in terms of market share, although in recent years altcoins have reduced Bitcoin’s stature through their own growing market shares. The following graph displays the market shares of Bitcoin and major altcoins between April 2013 and June 2018.
Fluctuations in monetary regulations
Transparency of distributed ledger technology
Significant growth opportunities in emerging and developed markets
Acceptance of cryptocurrency in various industries
Large remittances in developing countries
High cost of cross-border remittances
Concern about security, confidentiality and control
Technical challenges of scalability
The titled segments and subsections of the market are illuminated below:
by type (Bitcoin, Ethereum (ETH), Ripple (XRP), Dashcoin, Litecoin (LTC), Bitcoin Cash, Others), Application (Trading, Remittance, Payment), Process (Mining, Transaction), Offers (Hardware (GPU, FPGA, ASIC and wallet), software)
The regions included are: North America, Europe, Asia-Pacific, Oceania, South America, Middle East and Africa
Distribution at country level: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (United Kingdom), Netherlands, Spain, Italy , Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand, etc.
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Strategic Points Covered In The Table Of Contents Of The Global Cryptocurrency Market:
Chapter 1: Introduction, Market Driving Product Objective of Study and Research Scope of Cryptocurrency Market
Chapter 2: Exclusive Summary – Basic Information of the Cryptocurrency Market.
Chapter 3: Viewing Market Dynamics – Cryptocurrency Drivers, Trends, Challenges and Opportunities
Chapter 4: Cryptocurrency Market Factor Analysis Overview, Porters Five Forces, Supply / Value Chain, PESTEL Analysis, Market Entropy, Patent / Trademark Analysis.
Chapter 5: View by Type, End User and Region / Country 2015-2020
Chapter 6: Key Manufacturers Assessment of the Cryptocurrency Market which includes its competitive landscape, peer group analysis, BCG matrix and company profile
Chapter 7: To assess the market by segments, by country and by manufacturers / company with revenue share and sales by key countries in these different regions (2021-2026)
Chapter 8 & 9: Viewing Appendix, Methodology and Data Source
Finally, Cryptocurrency Market is a valuable source of advice for individuals and businesses.
Read the detailed index of the full research study at @ https://www.advancemarketanalytics.com/reports/31649-global-cryptocurrency-market
Craig Francis (Public Relations and Marketing Manager)
AMA Research & Media LLP
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