🔍Market Status

Interest in cryptocurrencies, DeFi solutions, and NFTs has surged to unprecedented levels, drawing significant attention from mainstream media, major institutions, and regulatory authorities. Cryptocurrencies are increasingly utilized to support various charities, as seen in responses to crises such as the Russia-Ukraine conflict.

The crypto market's total capitalization reached USD 3 trillion by the end of 2021, with a daily transaction volume exceeding USD 120 billion according to coinmarketcap.com. Bitcoin alone reached a record high of over USD 68,000 and a market cap surpassing USD 1.25 trillion.

Individual interest in crypto has soared, not only among investors but also within popular culture. Yahoo Finance predicts there will be over 1 billion crypto users by the end of 2022.

The World Economic Forum (WEF) anticipated that blockchain and distributed ledger technologies would contribute up to 10% of global GDP by 2022. According to Allied Markets, the cryptocurrency market is projected to more than triple by 2030, with an annual growth rate of 12.8% between 2021 and 2030. Optimistic growth rate projections suggest that by 2030, over 5 billion people will use cryptocurrencies for daily transactions.

Crypto asset regulation is progressing, with notable examples including El Salvador adopting Bitcoin as legal tender in late 2021. Similarly, the City of Lugano in Switzerland has begun accepting cryptocurrency payments for administrative, tax, and bureaucratic services, following the example set by Zug several years ago.

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