Crypto Users Double Amid Market Meltdown, a Sign of Recovery?

This year has undoubtedly been the worse one for cryptocurrencies in terms of prices but it is not all doom and gloom as adoption is growing as actual usage of cryptos is on the up.

Double The Users in 2018

With a dump of around 87% since January, crypto markets are on the floor showing no signs of recovery. Many industry observers have predicted further losses and the mainstream media is gleefully publishing a torrent of FUD.

According to a study from the Cambridge Centre for Alternative Finance the number of verified users of cryptocurrencies almost doubled in the first three quarters of the year as reported by Bloomberg. The research indicates that the actual figure has climbed from 18 million last year to 35 million users in 2018. In 2016 there were an estimated 5 million cryptocurrency users.

The study goes on to look at cryptocurrency accounts claiming that this figure has also jumped from 85 million in 2017 to 139 million this year. The signs are positive for an eventual market…