Crypto adoption is real, and here among us, investors and traders have a keen interest in exploring the crypto market, which is increasing at a steadier pace. They have the investment and resources to be in this game for the foreseeable future, and this right here is the very requirement to become a top-notch player in this game. According to a report, simply in four months’ time, the crypto population has almost doubled. It was close to 106 million in February, and in May, it reached a dazzling 203 million, which is something of a statement in itself.
Crypto adoption has enjoyed high growth in the past few months as the global adoption for significant cryptocurrencies has doubled since the beginning of this year, the report quotes. The report published comes from an authentic source, a digital asset company called crypto.com. According to this report, the global crypto users and active traders have escalated all the way from 100 million to 221 million from January to June, respectively.
Crypto Adoption has Skyrocketed
In four months ‘ time, the firm has also pointed out that crypto users have almost doubled, scaling from 106 million to 203 million from February to May. If a comparison is to be made, it should be mentioned that it took almost nine months for global crypto users to reach 100 million from 65 million since they started evaluating or keeping track of these adoption levels. The extensive research shows that Bitcoin and Ethereum both are consecutively losing their market values in terms of lost interest from crypto owners.
On the other hand, traders who are holding their digital assets are growing actively in number; here, the holding means waiting for a better price valuation for the cryptocurrency they currently own. The majority of the increase in the active crypto users comes from the popularity of altcoins rather than flagship cryptocurrencies such as Ether and Bitcoin. This sudden flow of new users was due to the initiation of interest in some newly formed cryptocurrencies such as Shiba coin and Dogecoin.