2024 has been a significant year for the cryptocurrency industry. The global crypto market has experienced explosive growth, with the market cap increasing from $1.61 trillion to $3.17 trillion, a 96.89% increase. Major cryptocurrencies such as Bitcoin, Ethereum, XRP, BNB, Solana, Dogecoin, Cardano, TRON, SHIBA INU, Pepe, and Stellar have all seen significant growth in their value.
The last quarter of 2024 has been particularly remarkable for the crypto world. Following Donald Trump’s presidential victory, there has been a shift in U.S. politics favoring cryptocurrency. Bitcoin also achieved a major milestone by hitting the $100K mark.
According to a recent report, there are now over 560 million cryptocurrency owners worldwide. Men make up nearly 61% of these owners, while women account for around 39%. Young people aged 25 to 34 represent 34% of crypto owners, indicating the growing appeal of digital assets among younger generations.
India remains at the top of the Global Crypto Adoption Index for 2024, followed closely by Nigeria and Indonesia. The United States ranks fourth in terms of crypto adoption. Other major countries in the top 20 include Vietnam, Ukraine, Russia, the Philippines, Pakistan, Brazil, Turkey, the UK, Venezuela, Mexico, Argentina, Thailand, Cambodia, Canada, South Korea, and China.
The Global Crypto Adoption Index is based on four key sub-indexes: Crypto Value Received Index, Retail Crypto Activity Index, DeFi Adoption Index, and Retail DeFi Activity Index. These sub-indexes measure various factors such as the value of cryptocurrency received, retail transaction activity, and DeFi adoption in each country.
Cryptocurrency adoption in the United States has also seen impressive growth, reaching 40% in 2024. The ownership rate among men has increased from 43% to 48%, while women’s ownership has risen dramatically from 18% to over 29%.
Bitcoin remains the most popular cryptocurrency among U.S. owners, with 76% of crypto owners holding BTC. Ethereum follows with 54% ownership. Other cryptocurrencies such as USDC, Solana, BNB, XRP, USDT, and LUNA have also gained popularity in the U.S. market.
Overall, 2024 has been a pivotal year for the cryptocurrency industry, with significant growth in adoption and major milestones. With over 560 million crypto owners worldwide, countries like India, Nigeria, and Indonesia are leading the way in crypto adoption. The rise of DeFi and retail crypto activity further emphasizes the growing role of blockchain in global financial systems.
[FAQs]
– What is the rank of India in the Crypto Adoption Index 2024?
India ranks first in the Crypto Adoption Index 2024, leading in crypto value received and retail crypto activity metrics globally.
– What are the top countries for DeFi adoption in 2024?
Indonesia, Nigeria, and India top the DeFi adoption rankings, showing strong retail DeFi activity adjusted for income levels.
– How many global cryptocurrency owners are there in 2024?
In 2024, there are over 560 million cryptocurrency owners worldwide, with 34% aged between 25 and 34.
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