Wealthy Living

10 Stats That Explain the State of Digital Currencies and Assets Today

Cryptocurrency burst into the American lexicon in the late 2000s as an alternative to central bank-regulated fiat currencies.

More than a decade later, the nascent digital currency is coming into its own as a mainstream asset watched and traded by investors around the world.

Americans’ online research into Bitcoin - the earliest cryptocurrency - apparently peaked in late 2017, according to Google Trends search data.

The crypto market is currently experiencing a downturn.

Over $23 Billion in Bitcoin is Traded Every Day

There is an immense amount of value moving through today’s cryptocurrency markets.

In Bitcoin alone, $23 billion worth of the currency changes hands every day, according to CoinMarketCap data. Ethereum is the next most-traded cryptocurrency in the world, seeing $17.8 billion in trades daily.

There Have Been 37 Million NFTs Sold Since 2017

The NFT collection perhaps most associated with the industry is Bored Ape Yacht Club’s 10,000 unique images of cartoon primates.

There are Over 20,000 Different Cryptocurrencies

The most popularly traded cryptocurrencies besides Bitcoin are Ether, Tether, USD Coin, Binance Coin (BNB), Binance USD, XRP, Cardano, and Solana.

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