The epidemic was a devastating economic one, but at the same time, it was a mysterious currency that saw unprecedented growth. Bitcoin, the world’s largest cryptocurrency exchange By April 2021 (approximately $ 42 million) the $ 60,000 mark had crossed, and Dogecon, which began as Mime, also caught everyone’s attention. However, there is more to this story. At a glance at the data, not only the value of Cryptocurrencies but also their numbers show significant growth.
According to a report on cryptopotato.com, citing CoinMarketCap, there are more than 12,000 tokens in the market for cryptocurrency enthusiasts to choose from and invest in. Constantly, if not fast, increasing.
Speaking of the pace from September 2020 to September 2021, there are more than 4,900 more currencies compared to last year. In September 2020, there were approximately 7,100 cents in the market. One year later that number had grown to over 12,000. There are two main reasons for this huge growth, not only in value but also in the size of cryptocurrencies.
The growing popularity of crypto tokens among institutions and the Bitcoin boom have played a key role in driving people with more than $ 2 trillion in total capital and other stakeholders into the market.
Among other things, experts such as Tesla founder Elon Musk and Twitter CEO Jack Dorsey are critical to boosting confidence in cryptocurrency.
The next question for many is whether the huge pole in these tokens is a good thing. Additional tokens are also associated with a higher risk of fraud. Just last month, after the launch of an international scam, $ 22.2 million (approximately 165 kroner) was seized by British police. Victims of fraud have spread around the world.
Cryptopotato also reported that more than $ 25 million (approximately Rs. 184 kroner) was lost to Australians by Crypto fraud in the first half of 2021 alone.
Cryptocurrency is an uncontrolled digital currency, not a legal tender, and is subject to market risks. The information provided in this article is not intended and does not include any financial advice, marketing advice or any other advice or recommendation provided or supported by NDTV. NTV will not be liable for any losses incurred by any investment, based on the comments, forecasts or any other information contained in the article.