The Significant Growth Of The Cryptocurrency And A Look Ahead
2017 was an outstanding year for cryptocurrencies, which grew at an exponential rate.
It’s estimated that the total market capitalization of cryptocurrencies grew from about $17.74 billion in January to reach over $512 billion in early December.
The significant growth of the cryptocurrency and blockchain technology market is expected to continue to rise in the months and years ago. One estimate shows a compound annual growth rate of 35.2 percent during the forecast period of 2016–2022, aggregating $42.16 billion by 2022. Another estimate expects the market to grow to $51 billion by 2023.
A LOOK AHEAD
By 2025, total market capitalization could exceed $5 trillion, as crypto wallet penetration is expected to exceed five percent of the world’s population and asset-backed cryptocurrencies give rise to trading asset tokens.
A handful of major mainstream financial institutions have invested in the cryptocurrency trade — including Goldman Sachs, NASDAQ, and the NYSE — the Chicago Board of Exchange debuted Bitcoin futures in December, which may serve to attract additional mainstream investors. However, recent surges in cryptocurrency prices and in market growth can largely be attributed to consumers’ increasing interest in trading cryptocurrencies. Other growth drivers include consumer desire for democratization of investing and the option to save outside of the traditional banking structure, as well as increased personal purchasing power.
Technology remains vital to market growth, as computational power continues to increase and an estimated 67 percent of the global population will own smartphones by 2019.
Even with the increasingly challenging barriers and regulatory changes, cryptocurrency is here to stay. As its popularity and visibility increase, average income earners are becoming interested in investing. However, high prices and the unpredictability of the market can deter potential investors from entering the constantly fluctuating cryptocurrency trade.
THAT’S WHERE XCHANGERATE ROBOT COMES IN…
Xchangerate frees day traders from the complexity of reading graphs and charts and helps the trader by presenting readable data easy to interpret for immediate automated or informed decision-making. Essentially, the product is a Trading Robot that combines these feeds to determine its intelligence. The intelligence enhances market movement picks and helps the robot in making entry and exits with accuracy.
With less than 12 hours to go, the XchangeRate team is currently inviting backers to invest in the XchaneRate platform by being a part of the crowdsale. Minimum investment during presale is 26000 XRR for 1 ETH or 0.10 BTC. In order to participate in the Token sale you will need to have ETH or BTC in your wallet.
- The Token sale starts on the 20th of March 2018 at 12:00 noon UTC
- The Token sale ends on the 9th of May 2018 at 12:00 noon UTC
