The cryptocurrency market is the total calculated sector of digital currencies. It includes pricing, mining, utility, supply, demand, and every factor accompanying the coins and their valuations. The value chain of the market involves research and product. There are significant players who operate in the market like the Ripple labs, Bitmain, ethereum foundation, and many more.
Cryptocurrency market dynamics
Drivers of the market
- Transparent DLT
- Fluctuations in prices
- Acceleration in the number of investors
Restraining the market growth
- Uncertain regulations on the currency
- Lack of awareness among people
Challenges faced by the market
- Concern regarding security, privacy, and control
- Technical difficulties
