Blockchain Technology and Cryptocurrency Markets are Projected to see Continued Growth

Blockchain Technology and Cryptocurrency Markets are Projected to see Continued Growth

According to a report published by MarketandMarkets, the cryptocurrency market is expected to grow from USD 541 million in 2017 to USD 2,902 million by 2023, and at a Compound Annual Growth Rate (CAGR) of 32.31 percent during the forecast period. The market is growing rapidly due to people’s strong enthusiasm in the digital currencies. According to industry website CoinDesk, the price of bitcoin has gained over 470 percent this year. The cryptocurrency market is segmented into peer-to-peer payment, remittance, e-commerce and retail, media and entertainment, and others on the basis of end users. The report indicated that peer-to-peer […]