The first decentralized cryptocurrency was Bitcoin which was introduced in the year 2009. It has become quite popular since then.
The launching of embracing crypto also resulted in the introduction of other cryptocurrencies which we refer to as altcoins. Many forms of cryptocurrency have been accepted by various businesses right now as a means of payment for services and products. This high popularity of Bitcoin has exposed the flaws in our banking system at present. Here, we have mentioned some Bitcoin and cryptocurrency statistics that you would find interesting.
1. A Bitcoin post is published on social media at the interval of every three seconds
According to recent Bitcoin statistics, it was revealed that more than 28,800 Bitcoin social media posts are published online regularly. This implies that approximately 1,200 posts are made every 60 minutes.
2. There has been an increase in Bitcoin price by more than 60% in February 2021
The rate of Bitcoin was only $30,000 in January 2021. According to Bitcoin services, it was increased by approximately $20,000 in February. In fact, the rate of Bitcoin was only $10,000 one year earlier. In this way, there has been an increase of approximately 400% in value by the first quarter of 2021. Therefore, it will be now possible for the investors to make profits by selling Bitcoin.
3. In 2020Ethereum received approximately 1 million transactions on a regular basis
The top competitor of Bitcoin known as Ethereum experienced the biggest number of daily transactions during the first quarter of 2020. Ethereum maintained its top position in February 2021 with transactions more than one million. On the other hand, Bitcoin succeeded in doing only 272,000 transactions.
4. Between 2013 and 2021, there was an increase in the number of cryptocurrencies from 66 to 7,557
There is no doubt about the popularity of well-known cryptocurrencies like Bitcoin, XRP, Ethereum, and Binance Coin. Nevertheless, it might be quite surprising to hear that there are more than 7,000 cryptocurrencies at present apart from the four mentioned above. And the good thing is that several of these cryptocurrencies are accountable for shaping the future of the global economy.
5. You will come across approximately 34,000 crypto ATMs on the planet right now
There was an increase in the number of global crypto ATMs from 13,992 to 33,910 between the month of January 2021 and December of the same year. In fact, the crypto ATMs are making cryptocurrencies more acceptable and available.
As compared to standard ATMs, users are allowed by the crypto ATMs to make use of cash deposits for buying cryptocurrencies. Following this, a QR code will be used for delivering these coins onto a digital wallet.
6. There were more than 300 crypto exchanges across the globe in 2020
The function of the cryptocurrency exchanges will be to act as the middleman between sellers and purchasers. They will provide services supporting crypto-to-crypto and fiat-for-cryptocurrency transactions. Their total number was around 300 in 2020 as per the crypto facts.
7. The daily trading volume of crypto became $500 billion in 2021 and become stable at a daily average of $120 billion
Even though it is important to comprehend the crypto market capitalization, the day-to-day trading volume index happens to be an essential crypto volume statistic. Cryptocurrency transactions are preferred over normal bank transfers because of the fact that they guarantee speed, privacy, as well as minimum charges. Numerous cryptocurrency transactions are happening on a everyday basis because of these benefits mentioned here.
8. You will come across approximately 900 fresh coins every day in the market as of 2021
There is an increase in the number of Bitcoins at the interval of every 10 minutes in the market. Fresh blocks are always being excavated by the miners. The average happens to be 144 every day while 6.25 coins are thrown into circulation by each of them. Once compiled, it comes to 900 cryptocurrencies on a regular basis.
The Bitcoin Era app will help you immensely in trading Bitcoin in case you are planning to do so in the near future. It also helps the Bitcoin investors to a great extent right now.
