Digital Value is an Internet-based digital asset that uses blockchain technology for transparency, immutability and decentralization. Unlike Fiat currencies, which are controlled by the government and the central bank, cryptocurrency is not controlled by any government. Problems such as high costs of cryptotransactions, and fluctuations of monetary regulations are solved by Distributed General Ledger (DLT) technology and digital currencies with lower-cost. With increasing venture capital in this field, digital currencies are expected to be accepted and used in all industries.
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Table of Contents
Market / Industry segment of cryptocurrency
|Base Year||Market size(B$)||Duration(YEAR)||CAGR(%)||Source Name|
|2019||0.754||8||11.20%||Fotune business insights|
|2019||0.674||8||32.35%||Verified market research|
|2019||0.674||9||32.35%||Market research blogs|
|2019||1.03||5||6.18%||Market and market|
|2018||856.36||6||11.90%||PR news wire|
Influencing factors that changes market size of cryptocurrency
The size of the market value changes under the influence of many factors; the increase and decrease in the rate of these influential factors leads to changes in the value of the market size, which is provided by direct and reverse drivers in the market of cryptocurrency
1. The popularization of digital assets
2. Technology advancement
1. The cost of transactions
2. Lack of awareness
3. Lack of widespread approval
This market may also be threatened by following risks:
In all different markets and industries, risk is always one of the factors that business founders should be sufficiently aware of. The first step is risk assessment is identification of risks in the market in order to perform risk management. The market of cryptocurrency may also be threatened by following risks:
- Technology risk
- Legislation risk
- Stage of business
- Funding risk
- Exit value risk