Cryptocurrencies have grown exponentially since their creation in 2009, with the total cryptocurrency now hold a market cap of more than $200 billion.
The market has now grown to thousands of coins. Today, there are almost 2000 distinct cryptocurrencies on the market, a number that will continue to grow daily. With this rapid growth, there are concerns that some of the new coins are secure and some are not. In this environment, picking the right coins to store crypto funds is becoming a highly complex task.
With the rapid growth of cryptocurrencies, an increasing number of professional and amateur investors around the globe are being attracted by the potential returns. There are more than 26 million users of blockchain wallets in the world, and over the past year, this number increased by 12 million. Such increasing tempo suggests growing popularity, but it also signals challenges to the cryptocurrency market structure.
The cryptocurrency market, nevertheless, remains famous for the opportunities it offers to investors and businesses. Last year, ICOs and altcoins provided a return on investment of up to 500%. According to recent statistics, there were 902 token sales in 2018 which raised a total of more than $2 billion.