According to CMC, since the beginning of 2019 the crypto cap has tripled, and daily trading volumes passed $70B. However, some are questioning the legitimacy of this data. With individual & institutional investors flooding into crypto, its time to evaluate how many people are really trading cryptoAfter a disappointing 2018, crypto markets are booming once again.
Backed by institutional investors, growing numbers of individual enthusiasts, and broad support for its underlying technology, the blockchain, the entire crypto sector is seeing a resurgence.
According to data collected by CoinMarketCap, the collective crypto cap has nearly tripled since the start of the year. Led by Bitcoin (which has also tripled its value since its low point in 2018) cryptocurrencies are outperforming many other investment assets, including stocks, bonds, gold, and oil.
For those who witnessed cryptos meteoric rise in 2017, this years activity might seem incredibly familiar.
USDT fake volume
Many Exchanges fake volume
EOS fake how much they raised
So, How Many People Are Really Trading Cryptocurrency?
Article and more info about itWhat do you guys think?
Market cap and volume trade are completely irrelevant when subjected to so much market manipulation and lack of regulation. There's really not much to draw from these numbers when they're a product of wash trading and the adoption rate still remains largely the same.
Only coins with an intrinsic value can offer a semblance of indication regarding incoming capital volume. So, looking at their behavior is tons more precise than what coinmarket is measuring.