TL;DR Breakdown
• The most used cryptos are Altcoins like Ethereum and ADA.
• Crypto investment took off after celebrities like Elon Musk gave their opinions.
Crypto investment has undergone slight changes this year, considering that Bitcoin is not the only form of trade. According to WazirX researchers, crypto investments are expanding into new territories as NFTs have gained relevance.
In the nine months that have passed in year 2021, crypto traders have upgraded to new platforms and technologies. Investors have explored a new market for virtual auctions that span different categories.
Crypto investment flourishes amid regulations
Every day more enthusiasts join the cryptocurrencies world to have passive profits. Bitcoin is no longer the only priority for crypto investment, with other tokens like ETH and ADA also considered.
Businesses have also been involved in this crypto growth, where they have created different technologies to benefit crypto fans. It is estimated that around 15 million people use cryptocurrencies, considering that India is the second richest country in these adoptions.
Strangely, crypto investment flourishes amid strict regulations from governments such as China, the United Kingdom, and the United States. However, it is a reality that has given this new financial market power that has not been in circulation for over 2 decades.
Crypto companies like IOHK have had a very busy year regarding crypto adoptions and using new technologies. IOHK, like other companies, had to adapt to the NFT auctions that have also gained priority in 2021.
Cryptocurrencies are growing around the world
The cryptocurrency market is flourishing in India, but it has also gained importance in Europe, North America, and Latin countries. A clear example of this massive growth is noted with the latest adoptions from El Salvador, where Bitcoin is now accepted as legal tender.
This new global crypto investment has and is still causing boosts in token prices, with new all-time highs reached and more promised. Being the most traded currency globally, Bitcoin is trading over $41,000, while alternate tokens like Ether are priced at $2,800 today.
As crypto investment normalizes, these tokens will increase in value, bringing with them many new features. If you compare the 2021 crypto adoptions with last year, you can see that the movement has more than doubled. This occurs because cryptos have been a source of commerce for entrepreneurs like Elon Musk or even for large companies like PayPal.
With this backing of cryptocurrencies, adoptions are increasing in an astonishing period. However, this period of growth has not stopped because, according to crypto experts, this is just the beginning and there would be no force capable of putting a stop to it.
