Data

The last 12 months have seen a surge of cryptocurrency usage that shadows the last crypto rush of 2017. Mainstream firms are finally starting to tap into the crypto market and trading is the highest ever witnessed, putting exchanges under stress as they struggle with the load.

Ethereum industry has been losing whales as the number of big holders dropped to a 3-year low. Instead, it seems to be invaded by retail investors most especially since the middle of 2020.

After the enormous price rally, the demand for Bitcoin seems to largely exceed its supply. This might bring the flagship cryptocurrency to a long-term bullish trend with new all-time highs.

As the contour of 2020 and the first quarter (Q1) of 2021 has been progressively defined by the Covid-19 pandemic, digitalization has been like a vessel laden with technology that has an enormous capacity for stirring up mankind's prevent against contagious disease.

Hackers broke into hundreds of security-cameras belonging to carmaker Tesla Inc., to gain access to the data collected by Verkada Inc., to prove the pervasiveness of video surveillance, and also expose the vulnerability existing in the walls of cybersecurity of these systems.

Despite blockchain technology being nascent, it has already seen wide adoption in various fields outside cryptocurrency. The pharmaceutical industry is currently exploring the tech to improve its performance and add value.

Millennials are turning to alternative investment options such as gold as a safe haven after their money was screwed by deep drops of the stock market in 2020. However, cryptocurrency is still their number one choice.

During the Covid-19 pandemic where congregating is a very big risk to our health, cryptocurrency has become a godsend to gamblers because it provides the unmatched social distancing required in the fight against coronavirus.

The wave of cryptocurrency adoption in Africa seems to be gaining much traction. So far there are more than 725 million smartphone subscribers in Africa, as per the data by GSM Association, and this means more people in the continent have easy access to cryptocurrency if they so wish or if they develop interest in it.