According to the latest market size report from Crypto.com, the number of holders in the global cryptocurrency market has increased significantly in the first half of this year. As of June, the number has increased by 6.4% from 580 million at the end of 2023 to 617 million.
This data not only highlights the vigorous vitality of the cryptocurrency market, but also indicates the huge potential of this field in the future. So, what exactly is driving this wave of cryptocurrency craze?
The report points out that with the continuous advancement of technology and the increasing richness of cryptocurrency applications, more and more investors are pouring into this market. They not only regard cryptocurrency as an investment tool, but also value its unique advantages such as decentralization, security and reliability. In addition, the popularity of mobile wallets has also facilitated the popularization and application of cryptocurrency, allowing more people to easily participate in it.
It is worth mentioning that the report also predicts the development of the future cryptocurrency market. It is expected that by 2024, the number of monthly active crypto addresses will surge to more than 220 million. Among them, the Base protocol based on the Ethereum EVM chain will top the list with up to 22 million addresses; while in the non-EVM chain, the Solana protocol dominates with more than 100 million addresses. This forecast undoubtedly reveals the future direction of the cryptocurrency market.
In addition, the report also revealed an interesting phenomenon: the number of mobile wallet users this year reached an all-time high, with US users accounting for 12% of global users. This data not only reflects the enthusiasm of the US market for cryptocurrency, but also shows the popularity of mobile wallets around the world.
Faced with such a hot cryptocurrency market, investors and ordinary users need to be fully prepared and planned.
Here are some suggestions:
(1) Education and knowledge accumulation The cryptocurrency market is complex and changeable, and investors need to continue to learn and accumulate relevant knowledge. By reading professional books, participating in online courses and seminars, and understanding the basic principles of blockchain technology and cryptocurrency, they can better grasp market opportunities.
(2) Long-term perspective
The cryptocurrency market is volatile and may fluctuate violently in the short term. Therefore, investors should maintain a long-term perspective and avoid making impulsive decisions due to short-term fluctuations. Only by formulating reasonable investment strategies and making good asset allocation can they remain invincible in market fluctuations.
(3) Diversified investment
Don't invest all your money in a single cryptocurrency or project. By diversifying your investment and spreading your risk, you can effectively reduce the impact of market fluctuations. Choose projects and asset classes with potential to build a diversified investment portfolio.
(4) Security awareness
Although blockchain technology itself has high security, you still need to pay attention to risk prevention in actual operations. Use reliable wallets and trading platforms, set strong passwords, and back up data regularly to avoid asset losses due to negligence.
Due to the key development of the Bitcoin and Ethereum ecosystems, especially the launch of its related spot ETFs, by June 2024, the number of Bitcoin holders increased by 5.9% to 314 million, accounting for 51% of all cryptocurrency holders. At the same time, Ethereum's adoption rate increased by 9.7%, bringing the total number of ETH owners to 136 million, accounting for 22% of the global market.
In addition, there are two major events that have driven the growth of Bitcoin adoption. One is the launch of the spot Bitcoin ETF in the United States, and the other is the fourth Bitcoin halving event in April this year, both of which played a key role.
The hot trend of the cryptocurrency market reveals to us the infinite possibilities of future financial technology. In this era full of opportunities and challenges, let us remain rational, respond positively, and witness the vigorous development of this field together! The booming cryptocurrency market has brought us new investment opportunities and challenges. In this era full of changes, let us work together to create a better future!
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