Crypto

MattEasterlin published in Crypto

Cryptocurrency Market: Global Outlook, Key Developments, And Market Share Analysis | 2021-26

Stratview Research releases a new insightful report on the Cryptocurrency Market, that makes efforts at providing deep insights into numerous factors that are vital to the growth of this industry.

The information presented in this report will outline the present and upcoming trends in the market, analyst opinions and views, competitive landscapes, and key regions from a systematic perspective. This report on the Cryptocurrency Market provides an analysis of the key trends in business and forecasts the future directions of the market. The procedure and analysis used in this report assess the strengths and weaknesses of market participants, key market drivers, and challenges. It identifies significant market players and provides split analyses, and forecasts, among other insights.

Market Dynamics

The market experts at Stratview Research identify and evaluate the criteria which are vital for studying a market: The key customers, and product, affecting trends, pricing, competition, financing, and growth factors. The user can take a critical insight at how, why, and when the market is roaring high and also can find the loopholes in it.

According to the present report, Cryptocurrency Market is estimated to grow from USD 1.5 billion in 2020 to USD 2.3 billion by 2026 at a healthy CAGR of 7.4% during the forecast period.  

Key players mentioned in the report are –

Some of the major players mentioned in the report are listed below-

  • Intel Corporation (US)
  • Microsoft Corporation (US)
  • NVIDIA Corporation (US)
  • BitFury Group Limited (Netherlands)
  • Alphapoint Corporation (US)
  • Advanced Micro Devices, Inc. (US)
  • Xilinx Inc. (US)
  • BitGo (US)
  • Ripple (US)
  • BTL Group Ltd. (UK).

Market Segments’ Analysis

Component Trends

Based on components, the cryptocurrency market is categorized into hardware and software. The hardware segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. The concept of cryptocurrency is based on decentralizing the monitoring of transactions. In the transaction monitoring process, miners (generally the users) validate the transactions made by other users. In this process, the system needs high computing power to validate the transactions, which further bolsters segment growth.

Regional Trends

By region, the North American market accounted for a significant share in 2020 and is expected to grow at the highest CAGR in the following years. This is mainly ascribed to the strong presence of data mining and crypto mining companies in the US. Also, increasing awareness regarding digital currency in the region coupled with various companies accepting digital/virtual currencies as a form of payment, further proliferates the regional market growth.

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, 

What we do-

Stratview Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients existing globally. We at Stratview Research are obliged to serve our diverse customer base present across the industries of Aerospace, Oil and Gas, Automotive, and Chemicals, etc. among various other industries present around the world. We strive to provide our customers with updated information on ground-breaking technologies, high-growing markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

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Nick Nelson published in Crypto

Cryptocurrency Scams [Beware and Stay Alert]

Cryptocurrency scams

Cryptocurrency scams are becoming more and more common as the value of digital currencies continues to rise. This article will discuss some of the most common scams in cryptocurrency. Be on the lookout for these schemes, and don’t let yourself be scammed.

Once you become engaged in cryptocurrency’s new digital monetary systems, it’s easy to see that these transactions are dangerous. And we are not referring to market volatility. On the internet, scams abound, and bitcoin exchanges are no exception. When considering investing in various organizations and exchange platforms, be mindful of the risk of losing your bitcoin capital.

As cryptocurrencies are not regulated by the government like traditional fiat currencies, you may get no protection if you get scammed. When scammed in the cryptocurrency world, you could lose a lot of money. You could also end up with malware on your computer, which can steal your personal information or even hold your files hostage until you pay a ransom.

Recruitment Rewards

Some scammers tell you to pay in cryptocurrency for the right to recruit others into a program. If you do, they say, you’ll get recruitment rewards paid in cryptocurrency. The more cryptocurrency you pay, the more money they promise you’ll make. But these are all fake promises and false guarantees.

Cloud Mining Cryptocurrency Scam

Cloud mining is a popular way to mine cryptocurrencies, but it is also a favorite target of scammers. Many scams promise huge profits from cloud mining, but in reality, these schemes almost always result in losses for the investor. Be very careful when considering investing in a cloud mining scheme, and do your research before handing over any amount of money.

Fake Cryptocurrency Business

This is when someone tries to lure you into investing in fake cryptocurrency business. They may promise high returns on your investment, but this is almost always a scam. Do your research before investing in any business opportunity, and be sure to ask lots of questions!

Pump and Dump

This happens when a group of people artificially inflates the price of a digital currency by buying it up and then selling it off at a higher price. This can create a bubble that eventually bursts, leaving investors with worthless currency.

Phishing Scam

Phishing happens when someone posing as a legitimate cryptocurrency project or exchange tries to get you to give them your private keys or login information. They can do this by sending you fake emails or creating fake websites that look real. Be very careful when giving out your private information, and always double-check the website or email address to make sure it is legitimate.

Extortion or Blackmail

This is when someone tries to blackmail you into giving them money in exchange for not revealing your involvement in a cryptocurrency scam or illegal activity. They may threaten to release your personal information to the public if you don’t pay up.

Be careful about whom you do business with online, and never give anyone your private information unless you are sure about legitimacy.

Exit Cryptocurrency Scam

This is when a digital currency project suddenly shuts down and disappears, taking all of the invested funds with them—particularly common with Initial Coin Offerings (ICOs). Before investing in any ICO, make sure to do your research to avoid being scammed.

These are a few Cryptocurrency scams that investors need to watch out for in the cryptocurrency world. Stay vigilant!

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jessyra published in Crypto, Finance

Top 8 Steps To Mint Your Own NFT

Top 8 Steps To Mint Your Own NFT

For minting NFTs, each market has its own procedure. The majority of the steps outlined here, however, will be applicable to all markets in some way.

Make a wallet and link it to it

To begin, you must first create a crypto wallet and then connect it to the NFT marketplace.

  • To begin, in the upper right corner of any marketplace, click the wallet symbol or the “Create” button. Similar prompts will be used by other marketplaces to link your wallet and create a profile.
  • Depending on the wallet you’re using, you’ll be asked to link it with a QR code scanner on your smartphone or to download it to your computer.
  • When you’re done, you’ll be able to link your crypto wallet and create a marketplace profile. Completely fill out your profile.

Obtain Ether

The Ethereum blockchain’s cryptocurrency, Ether, or ETH, is created in the second phase of NFT minting. Ethereum is now the foundation for the majority of NFT development projects. As a result, choosing Ethereum as the blockchain platform of choice for this topic is appropriate.

When you mint art as NFT, you create blockchain documentation for the piece of art. The wallet address could be listed in the documentation as the creator of the work, providing a clear indication of ownership. The record remains static and unchanged.

3. Receive Ether from your exchange and deposit it in your wallet.

After creating your wallet and exchange you need to transfer Ether from your exchange to your wallet. You can send cryptocurrency to a wallet with a public address on any exchange. You can see the public address of your wallet when you open the Wallet plugin in your browser.

4. Confirm that your wallet is fully stocked.

In order to sell NFTs, the network must do some calculations. There will be a fee for this transaction, which is called a “gas fee”.

To make your first sale, make sure you have enough Ethereum (or whatever cryptocurrency you want to use) in your wallet and purchase it through a cryptocurrency trading app.

You can then transfer cryptocurrencies from your wallet to your NFT Marketplace account, depending on the marketplace.

5. Use your Wallet to register on the Platform.

Visit the platform’s website and select the profile option after opening your wallet. You will have the option to link your wallet to the marketplace.

After linking your wallet, you will have an anonymous profile. Enter your email address and username to confirm your account. After verifying your account you will be able to create an NFT.

6. Generating a Non-Fungible Transaction (NFT)

The last step of creating an NFT is very simple. Complexity is reduced as multiple platforms are involved in reducing and simplifying the process. To mint NFTs, look for the create button. You will be directed to a website where you need to upload your NFT. Scroll down and select Create option after you have uploaded and named your NFT. After that your NFT will be listed on the market, but you will still have to put it on the market for sale.

7. Listing Your NFTs

On your NFT page, you will see the option to sell. Select it by simply clicking on it. You will be directed to a website where you can either auction your NFT or sell it at a set price. Decide how much you want to sell it for if you go with the fixed price option. Complete the process by checking the items on the list. At this point, your first NFT will have been created.

8. Take care of your NFT business

Once your NFT is set up and posted for sale it’s time to start chatting with potential customers. You can also create more NFTs and add them to a collection, which can pique the interest of an art collector or speculator.

Conclusion

NFTs are popular, but developing them can be challenging. Also, millions of people who trade NFTs have expressed concerns about NFT mining costs. Buddig entrepreneurs worldwide are investing in the development of NFT minting websites and launching their own platforms where minting of NFT is easy and has low gas fees.

For this very reason, there is a huge demand in the market for NFT Minting Website Development Company. These minting platforms are an efficient way to enter the NFT world.

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