New York, NY, Feb. 23, 2021 (GLOBE NEWSWIRE) — Facts and Factors have published a new research report titled “Cryptocurrency Market By Type (Bitcoin, Ethereum, Ripple, Litecoin, Dashcoin, Others), By Component (Hardware, Software), By Process (Transaction, Mining), and By End-Users Analysis (Banking, Real Estate, Stock Market & Virtual Currency, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026”.
“According to the research study, the global Cryptocurrency Market was estimated at USD 792.53 Million in 2019 and is expected to reach USD 5,190.62 Million by 2026. The global Cryptocurrency Market is expected to grow at a compound annual growth rate (CAGR) of 30% from 2019 to 2026”.
Cryptocurrency is virtual cash or digital asset. It is used as a medium of exchange with strong cryptography to secure financial transactions, control additional unit creation and substantiate asset transfer. The cryptocurrency is present in various types of viz. bitcoin, bitcoin cash, ethereum, ripple, litecoin, dashcoin, and many more. In which one of the cryptocurrencies is bitcoin (used under the symbol BTC), and other cryptocurrencies like “Ripple (XRP),” “Litecoin (LTC) ” and “Ether (ETH),”. Alternatives to Bitcoin are called “altcoins.” Cryptocurrency is coarsely the correspondent of using a Debit Card or PayPal, excluding on-screen numbers reflecting cryptocurrencies as opposed to other currency like the dollar.
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