Cryptocurrency Adoption Nearly Doubled 2018 Despite Bear Market
While the cryptocurrency market has lost 85% of its value in 2018, the number of new users has been on the rise.
Bitcoin (BTC) the world’s largest cryptocurrency by market cap reached it’s all-time high towards the end of 2017. Other top coins such as Ethereum (ETH) and Ripple (XRP) experienced their peaks in the beginning of January.
Since then the entire cryptocurrency market has dropped 85% with BTC losing 83% of its value and other coins like XRP and ETH losing over 90% of their value. Looking at these stats is a negative and depressing way to measure the growth of the cryptocurrency market.
However, there are more positive ways to measure growth in the industry. For instance, a new study published by the Cambridge Centre for Alternative Finance shows that despite the severe bear market we’ve experienced this year...
