The adoption rate of the technology space has witnessed a massive surge. People, institutions are adopting new technologies on a faster scale as compared to the internet. Cryptocurrencies fall under this umbrella as well. According to the adoption curve cryptocurrencies right now are somewhere in between the Innovators and the Early Adopters sections.
Source: Phemex
In 2013 the number of cryptocurrencies stood at 66, however, by 2021 the number of cryptocurrencies stands at 6,044, which is a
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