The invention of cryptocurrencies is relatively recent. Due to their mainstream popularity, cryptocurrencies have enjoyed tremendous growth in recent years. This technology has transformed many industries, particularly the banking sector. A lot of fintech companies are built on blockchain and crypto currencies. To fill the gaps left by traditional banking systems, crypto can be used for cross-border payments and payment. Investors have discovered crypto as a great way to invest. It is therefore imperative that you understand cryptocurrencies’ scope. Here are the top crypto statistics you need to know about cryptos.

1. The Market Value of the Stock Exchange Exceeded $1 Trillion for the First time
Bitcoin reached $1 trillion market capitalization in February. Bitcoin traded slightly higher than $53500. It was the first cryptocurrency to reach a market capitalization of more than $1 trillion. Bitcoin is trading currently at $47 170 and has a market capital of $892 billion. bitcoin is second in crypto market capitalization and may be able to achieve this feat if its price doubles.

2. From 2020-2021, the global cryptocurrency markets’ value increased by almost 3000%
The market value of all cryptocurrency increased by $100 billion from early 2020 to $3 Trillion in 2021. It represents an increase of 3000%. But, market capitalization has fallen to $2.22 billion. The growth of large cryptos like bitcoin and ethereum will have a significant impact on future growth. Valuates Reports predicts that the world’s cryptocurrency market will expand at 12.8% annually between 2021 and reach $4.94 billion in 2030.

3. Shiba Gains 26 Million Percent in One Year
Crypto-academy.org reported that Shiba traded at $0.0000000003 during the third quarter 2020. It grew rapidly in 2021 to $0.00008, an increase of 26 million% in just thirteen months. This represents the highest cryptocurrency growth rate in 2021. This is a staggering figure. A $10 investment yielded $266 Million. The price rose from $0.00000001 at January to $0.00003 by the end of 2021. This is an increase of over 33 000% within a single year.

4. 34.000 Bitcoin ATMs are available
Bitcoin is still the most popular cryptocurrency and commands almost half the market. In order to keep up with growing adoption, the infrastructure for bitcoin support has had to be improved. From 14 000 bitcoins at the start of 2017, the number has risen to 34000.

The majority of the machines are located in the US with just over 30.000. Canada is second, with approximately 2200 Bitcoin ATMs. El Salvador takes third, with approximately 200 Bitcoin ATMs. El Salvador became a legal currency in September. Bitcoin works in a different way than conventional ATMs. You can exchange bitcoin for fiat currencies and sell bitcoin for fiat.

5. Worldwide, there are more than 300 million cryptocurrency users
By 2020, there were over 100 million identity verified users. Binance says that this number has risen to 300 million by 2021. It represents 3.8% global population. The figure represents 5.8% of people aged 15-65 years. It is expected to increase as more crypto users adopt the technology.

6. The Global Cryptocurrency Theft Value in 2020 was $513 Million
Scams and crypto theft almost reached 2017’s all-time high in 2020. The global theft of crypto-scams was $7.7million, up 80% from 2020. Chainalysis reports that Rug Pull was responsible for almost all of the $2.8 billion in crypto theft. It accounts for 28% of total cryptocurrency theft, which is 1% less than in 2020. Rug pulls is where developers abandon a project and vanish into thin air with investors’ funds.

7. India is home to 100 million of the most crypto-owners
India is the country with the most crypto users. Triple-A says India is the top country with 100,740320 crypto users. USA has 27,491,810. Russia follows at 17 million, and Nigeria is 13 million. 12.73% of the Ukrainian population own crypto – the highest percentage in the world.

8. Each day, more than 1,000,000 Ethereum transactions were made in 2021
Ethereum handles more than one million transactions per day. According to Y Charts data, Ethereum processes between 1.057 million-1.717 million transactions per day. This figure is nearly six times that of the 250 000 bitcoin transactions per month in June.

9. Over 16000 cryptocurrencies exist
Each day developers are developing new cryptocurrencies. Coin Market Cap data indicates that over 16000 crypto currencies are listed on the 451 cryptocurrency exchanges.

10. 18,000 Companies Accept Cryptocurrency Payments
You may not know that you can use bitcoin to pay for services and goods. You most likely do. You might be unaware that over 18000 companies around the globe accept bitcoin payments. Deloitte reported that nearly 2300 US companies accepted bitcoin payments in late 2020. This excludes bitcoin ATMs. Big companies that accept crypto payments include AT&T, Microsoft (NASDAQ:), Overstock (NASDAQ:), Twitch, Pizzahut, and NewEgg. Amazon (NASDAQ:), Mastercard(NYSE:), Visa, (NYSE:), Tesla (NASDAQ) and Visa (NYSE.:) plan to be part of the group.

11. A 35.4% hash rate is controlled by the US
For bitcoin miners, the US is THE TOP DESTINATION. According to the Cambridge Centre for Alternative Finance, it now holds 35% of bitcoin’s hash rate. It refers to computing power for miners. After the Chinese banned crypto mining, America surpassed China. China possessed 67% of the global hash rate at its highest point in September 2020.

12. 88% of the total market value is made up by 10 top cryptocurrencies
Different market capitalizations and prices can be found for cryptocurrencies. Bitcoin enjoys a strong first-mover advantage. It was once more valuable than all other cryptocurrency. It is now losing market share to other altcoins and ethereum. Bitcoin’s declining market share has been significantly absorbed by the top ten cryptos. Low demand and popularity mean that the low-ranking cryptos are of diminished value. It is surprising to learn that Bitcoin and ethereum are the top cryptos, accounting for 88%.

13. A merchant who accepted crypto payment received an average return of investment of 327%
Online payments are one of the most important areas where cryptos have revolutionized. It is convenient to make payments using cryptos, and it’s cheap. Cryptocurrency users are attracted to businesses that allow cryptos. The staggering 327% return on investment for merchants that accept cryptocurrency is explained by this.

The flip side
It hasn’t been all roses in the crypto market. Some cryptos have been experiencing bear runs despite the promising statistics. Bitcoin, for instance, has fallen from its high point of 65000 to 47000 and now trades at 47000.

What You Need to Care About
These statistics show that the cryptocurrency market is growing on all fronts, and it’s poised for more growth. To reap the rewards of crypto investments, it is important to choose wisely which digital assets you invest in. You could end up losing your money if you make investments in falling digital currencies.

Conclusion
2021 is the year the cryptocurrency market burst into flames. This is why there are so many surprising statistics. Expect more growth of the crypto market by 2022.

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