Looking into the past and into the future - Zonda’s 2021 report is out
We released a report which summarizes the events of the year 2021 in the cryptocurrency industry, as well as Zonda’s milestones, and shares some predictions for the upcoming 12 months.
We released a report which summarizes the events of the year 2021 in the cryptocurrency industry, as well as Zonda’s milestones, and shares some predictions for the upcoming 12 months.
You can read the full report here.
For many, 2021 was a breakthrough year in the cryptocurrency industry. Tremendous increases of Bitcoin price, rises and falls of many meme coins, major institutional investments – all of these factors contributed to more people across the globe appreciating the value of the cryptocurrencies and blockchain-based technologies.
The global cryptocurrency market capitalization grew by 185% during the past 12 months, but the share of Bitcoin in it decreased from its 2017 highs of 85% to about 41% in 2021.
“The cryptocurrency market grew nearly twofold in comparison with last year. It went from billions of dollars in value to trillions. It is interesting that, although Bitcoin is still considered to be the market leader, the importance of altcoins grew substantially in 2021. Together, they took the lead with close to 60% market share, which shows that Bitcoin is not synonymous with the entire crypto ecosystem – not anymore. What is more, we are seeing a continuous inflow of new coins and tokens. Within just a year we added 24 new cryptocurrencies to our platform and increased the number of trading pairs from 120 to 204,” remarks Kamil Sikorski, Zonda’s Chief Growth Officer and Poland Country Head.
Top cryptocurrencies held by Zonda users in 2021 included: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Lisk (LSK). The investors could choose from a careful selection of 64 coins and tokens available on the platform, including 24 added only in 2021.
The growing popularity of the cryptocurrencies was also reflected in the sharp increase in the number of new Zonda users: 127% year-on-year growth, which makes a total of over 1 million investors willing to trade their assets via our platform.
“Introducing appropriate controls and licensing measures incentivizes the acceptance of crypto payments or introducing blockchain-based solutions in regulated industries. Even if it might seem that the freedom offered by less regulation gives the industry a competitive edge, in fact it prevents the broader adoption of the cryptocurrencies across the globe, along with making the industry seem more complex and full of misinformation regarding safety. The key to changing that situation lies in unanimous regulation – and we wholeheartedly support it,” highlights Kamil Sikorski.
We predict that in 2022, the regulation will play an even greater role in the further development of the cryptocurrency industry, particularly with the growing popularity of the tokenization projects as the alternative to IPOs. Although the appetite for this new solution is great among the businesses, the market requires proper regulation to become safe and transparent for all of its participants.
Other predictions include Bitcoin not dominating the charts as much anymore, leaving more space for other exciting projects to shine. Regardless of the market dynamics in the upcoming year we believe that a wider popularity of the cryptocurrencies should be an incentive for the market participants to encourage simplification and transparency.
Want to find out more? You can read the full report here.