Cryptocurrencies Statistics Facts

Regardless, when consumers were googling for information on cryptocurrencies in, for instance, Poland, Bitcoin searches far outweighed those of other digital coins. This page investigates these cryptocurrencies, other than Bitcoin. Statista also offers a dedicated page for Bitcoin (BTC) alone. Cryptography This page mainly focuses on the market size of Bitcoin’s competitors, such as Ethereum (ETC), Litecoin (LTC), Ripple (XRP), and Dogecoin (DOGE).

Cryptocurrencies, NFTs, and the metaverse all featured in a January 2022 webinar created and hosted by Statista, called "The cryptoverse - cryptocurrencies becoming mainstream". The original, unedited 30-minute webinar can be seen here for free, although registration is required.

The number of cryptocurrencies soars

Whilst this page predominantly looks at a handful cryptocurrencies, it is good to keep in mind that many more are available: Estimates state there could be over 4,000 in circulation in 2021. The majority of these are relatively small, and do not play a big role within the crypto market. Indeed, various rankings - such as a market cap comparison between several cryptocurrencies - mention Bitcoin (BTC), Ethereum (ETC), and Ripple (XRP) as the top three digital currencies. Other coins saw significant gains, however. For example, tweets from Tesla CEO Elon Musk led to a surge in the price of Dogecoin (DOGE) in 2021. Despite the price of a Dogecoin being much lower than that of many other cryptocurrencies, DOGE grew much faster.

Acquiring cryptocurrencies: mining, exchanges, and wallets

When planning to invest or trade in cryptocurrencies, people can either mine the currency themselves or buy from an exchange. Whether it is profitable or not to mine a digital coin varies greatly: Some currencies are more difficult to mine than others - due to the complexity of the logical puzzles a computer must solve, which in turn needs more computing power - and too much electricity consumption can potentially lose any form of profitability from mining. Many consumers therefore buy coins from a crypto trader. In early 2021, Binance had the highest trading volume on a single day of all cryptocurrency exchanges. Once acquired, a virtual currency needs a wallet, or digital storage device, in order to prevent theft. Whilst there are no figures on which wallets are the most popular in which country, Blockchain.com estimates it had several millions of wallets by early 2021.

This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.