2024 is nothing less than the change of game for the cryptocurrency industry. Revolutionary approvals by FNB Bitcoin and Bitcoin and Ethereum ETFS to the explosive growth in the global cryptography market, this year has seen everything. The market capitalization of global cryptography increased from $ 1.61 TR …
The global market capitalization of cryptography increased from 1.61 billion to 3.17 billions of dollars, an increase of 96.89%.
Almost all the great cryptocurrencies have experienced growth; Bitcoin jumped 119.5%, Ethereum of 46.8%, XRP of 227.7%, BNB of 124%, Solana of 85.5%, Dogecoin by 248.3%, Cardano by 41.7%, Tron of 113.9%, Shiba Inu by 99.6%, PEPE by 1361%and Stellar by 153.1%.
What does all this mean for the global adoption of cryptography? Let’s explore.
Global property of cryptography: a more in -depth examination
Higher countries for the adoption of cryptography in 2024
India remains at the top of the global index for the adoption of cryptography for 2024. Nigeria and Indonesia follow closely, the United States in fourth place. The other major top 20 countries include Vietnam, Ukraine, Russia, the Philippines, Pakistan, Brazil, Turkey, the United Kingdom, Venezuela, Mexico, Argentina, Thailand, Cambodia, Canada, South Korea and China.
Understanding the global Crypto adoption index
The index is based on four key sub-indexes:
- Index of the cryptographic value received
- Detail crypto activity index
- Adoption index
- Retail defective activity index
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Higher countries for the cryptographic value received: classified by economic impact
This sub-index measures the value of the cryptocurrency received by the centralized services in each country, adjusted for average income. India ranks first, followed by the United States and Vietnam in the second and third. Pakistan, Nigeria and Indonesia complete the first six.
The best countries of the retail crypto activity adjusted for income
This sub-index focuses on the amount of the value of the cryptocurrency received in smaller and detail transactions (less than $ 10,000) to the centralized services, adjusted how rich the population of a country is.
Countries with significant detail transaction activity compared to the average income level of their population are higher.
India is also at the top of this index list. Nigeria follows closely. Vietnam and Pakistan are respectively in the third and fourth positions. Ukraine remains in fifth position on the list. Surprisingly, the United States remains in twelfth position.
The main countries in adoption of adjusted challenge for income
The sub-index assesses the quantity of cryptographic value which is treated through protocols DEFI in each country, while considering the country’s average income level.
Countries with a lower average income but a major DEFI activity are classified higher.
In this list, Indonesia is first position. Nigeria and India follow. The United States remains in fourth position on the list. Ukraine is in fifth and Vietnam in seventh.
The higher countries of the retail challenge adjusted for income
The sub-index considers the quantity of value of the cryptocurrency treated through protocols DEFI in smaller transfers of the size of the retail (less than $ 10,000), adjusted for the income levels of different countries.
Countries with a lower average income but a major retail challenge activity are classified higher.
In this list too, Indonesia remains in the highest position, India remains second, Nigeria in third position. The United States is held in the fourth position on the list. Vietnam is in fifth and Ukraine in sixth.
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Adoption of American cryptography: an overview
The adoption of cryptocurrencies in the United States has experienced impressive growth. From 15% in 2021, it increased to 33% in 2022, fell slightly to 30% in 2023 and now reached 40% in 2024.
The property rate in men increased from 43% to 48%, while the property of women spectacular from 18% to more than 29%.
Popular cryptos among American owners
Bitcoin remains the most popular cryptocurrency in the United States, with 76% of Crypto owners holding BTC, although this represents a decrease of 2% compared to 2023. Ethereum follows with 54%, but it experienced a decrease of 11% compared to 2022. Other cryptocurrencies, such as USDC, Solana, BNB, XRP, USDT and Luna, Gained in a year.
2024 turned out to be a central year for the cryptocurrency industry, with significant growth in adoption and major stages. With more than 560 million crypto owners in the world, countries like India, Nigeria and Indonesia pave the way. The rise of defi activity and retail cryptography further emphasizes the growing role of blockchain in global financial systems.
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At each stage crossed, cryptocurrency continues to reshape the way the world thinks of money and financial freedom. We are happy to be part of the ride!
Faq
India ranks first in the Crypto 2024 adoption index, leading to the cryptocurrency received and metrics of retail cryptographic activities worldwide.
Indonesia, Nigeria and India are at the top of the DEFI adoption classification, showing a high activity of retail challenge adjusted for income levels.
In 2024, there are more than 560 million cryptocurrency owners worldwide, with 34% aged 25 to 34.
