Cryptocurrency has grown dramatically in a few years, with the number of crypto markets rising from 59 in 2013 to over 2,000 today. The digital currency has stormed the financial sector and the Christmas holidays in the recent past have also seen a significant turnover in cryptocurrency.
10-fold increase in crypto-markets
While many indicate 2017 as the year when the cryptocurrency recorded the most dramatic growth, 2014 saw the number of virtual currencies increase by almost 1,000 percent. As of December 28, 2014, there were 506 active markets, up from 59 on 22 December 2013.
Despite the impressive growth in the number of active markets, the price trend of many of the major cryptocurrencies was extremely bearish, with six of the top 10 cryptocurrencies losing more than 80% in one year. Between December 22, 2013 and December 28, 2014, Bitcoin lost almost 50%, from $ 619 to $ 316.
Five of the top 10 virtual currencies in 2013 maintained the ranking of the top 10 of the following year. Eight of the dominant Christmas markets in 2014 achieved their position in the top 10 ranking in 2015. The number of active markets increased by 11% from 506 to 562. PPC was the only top market in the world. 2015 which recorded a loss one year later, falling from 7th at 38th position in the market capitalization classification after recording a loss of 43%.
Six of the major markets since the end of 2015 have maintained their position in the top 10 at Christmas 2016. The number of active markets increased by 15% from 562 to 644. In 2017 the community of cryptocurrencies received an abundant Christmas. 9 of the top 10 markets posted four- or five-digit earnings between December 25, 2016 and December 24, 2017. The number of active markets increased by about 100% from 644 to 1,334 at the end of 2017.
Despite all the markets having recorded heavy losses for 2018, six crios have maintained their position in the top ten. Three of cryptopheforms have consistently maintained their leading positions since 2013. The number of active markets has increased from 1,334 to 2,067 in the last 12 months.
Cryptocurrencies are expected to continue to take on the financial sector in the coming years.