Most Surprising Crypto Statistics of 2021
Cryptocurrencies are a relatively new invention. In the past few years, they have gained tremendous traction thanks to mainstream popularity. It has also revolutionized numerous industries, especially the banking sector. Many fintech companies are based on blockchain and cryptocurrencies. For instance, crypto is now used for payment and cross-border remittances, filling a gap left by traditional banking systems. As a result, investors have found crypto to offer great investment opportunities. It is therefore imperative that you understand cryptocurrencies’ scope. We have pared down some of the most surprising crypto statistics about cryptos that you should know.
1. Bitcoin Surpassed $1 Trillion in Market Value for the First Time
In February, bitcoin attained a new milestone after reaching a market capitalization of $1 trillion. The price of Bitcoin was trading slightly above $53500. This was the first time a cryptocurrency was reaching a market cap of above $1 trillion. However, bitcoin is currently trading at $47 170, with a market cap of $892 billion. Ethereum is the second-largest crypto and can achieve the same feat if, at least, it doubles its price.
2. The Value of Global Cryptocurrency Markets Increased by Almost 3000% Between 2020 to 2021
The total cryptocurrency market increased from $100 billion in early 2020 to $3 trillion in 2021. This represents a 3000% growth. However, the market value has dropped to $2.22 trillion. Future growth will be influenced by the growth of big cryptos, especially bitcoin and ethereum. Valuates Reports estimates that the global cryptocurrency market size will grow at a CAGR of 12.8% from 2021 to hit $4.94 billion by 2030.
3. Shiba Grew 26 Million Percent Within One Year
According to crypto-academy.org, Shiba was trading at $0.0000000003 in the third quarter of 2020. The price proliferated in 2021, reaching an all-time high of $0.00008 in October, a growth of over 26 million percent in slightly 13 months. This is the biggest cryptocurrency growth in 2021. To put it into perspective, an investment of $10 yielded $266 million. In 2021, the price increased from $0.00000001 in January to $0.00003 at the end of the year, representing over 330 000% in one year.
4. There Are 34000 Bitcoin ATMs
Bitcoin remains the biggest cryptocurrency, commanding almost half of the cryptocurrency market.
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