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Cryptocurrency Users Grew 40% In a Year

Maxwell Williamson by Maxwell Williamson
January 26, 2023
in Crypto
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Leaving behind the most tumultuous year in cryptocurrency, 2022, investors have not been scared away. In fact, their number actually peaked last year. This clearly indicates that cryptocurrency continues to be an attractive option for savvy and confident investors worldwide.

Interest in Cryptocurrency Markets Is Growing Day By Day

Crypto.com’s analysis uncovered an incredible 39% surge in global cryptocurrency holders from 306 million to 425 million last year. Even more impressive were the monthly growth rates: August was at 5%, while September had 8.1%. Additionally, Bitcoin (BTC) owners grew by 20%, with 219 million in December compared to 183 million back in January, making up 52% of all crypto owners globally.

blockdag 70m

Ethereum Users Surged Exponentially

Following The Merge update, Ethereum‘s transition from the mining system to the Proof-of-Stake system became a matter of much interest. Those wishing for more control over their assets have been inspired to purchase and save ETH; as a result, there has been an impressive 263% growth in owners since January, when that number was at 24 million – it is now nearly 87 million. This accounts for 20% of all cryptocurrency owners worldwide.

This Data Is Very Positive For The Cryptocurrency Market

This Data Is Very Positive For The Cryptocurrency Market

A previous report concluded that approximately 900 million people had traded cryptocurrency at least once, with 420 million of them still active. Clearly, the trend toward cryptocurrencies is not dissipating anytime soon. The global crypto market cap currently stands at a humongous $997 billion. If this current trajectory holds true for 2023, we could look forward to an extremely prosperous period ahead.

You may be interested: Dutch Central Bank Fines Coinbase

Tags: BitcoincryptocurrenciescryptocurrencyEthereum
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Maxwell Williamson

Maxwell Williamson

I am Maxwell - my friends call me Maxy, graduated from Pomona College in Economics. I have a highly quantitative and analytical background with work experience in corporate finance, valuations, and strategic advisory services. My diverse background has allowed me to gain experiences in various industries geographies and enabled me to acquire an international and comprehensive perspective. Through my experiences in work, school, extracurricular activities, and sports; I gained essential leadership and collaborative skills that helped me to grow strong interpersonal and problem-solving skills. In addition to the analytical areas such as finance and data science, I love being creative and I learned JavaScript to design my own website and some web applications in order to use my deep learning models. Currently, by sharing financial analyzes in different news channels, I guide readers on how to make conscious investment strategies.

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