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The Blockchain Market Continues to Expand: Predictions for the Near Future

  • Alexander Goborov
    🤷 Opinions

    The global Blockchain technology market is expected to reach almost 2.5 billion USD by the year 2021

The Blockchain Market Continues to Expand: Predictions for the Near Future
Cover image via u.today

According to the recently acquired data by the research portal Statista (based in Hamburg, Germany), which have been kindly shared with UToday, the global Blockchain technology market is set to grow at an impressive rate in the near future. The trend looks as follows:

image

Having moved past the ~200 million USD mark two years ago, the ~350 million USD mark last year, and the ~550 million USD mark this year, the forecast predicts close to 1 billion USD next year and almost 1.5 billion USD in 2020. The projected figure for the year 2021 is set to be around 2.5 billion USD.

Note that these numbers pertain to the actual market adoption of the Blockchain technology and does not include money pools associated with daily cryptocurrency speculations, nor market capitalization values of individual altcoins.

For more insights look here:

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About the author

Alexander Goborov (MSc) is U.Today’s chief editor of analytics. Before joining our publication, he worked in research and education, and, briefly, as an academic ghostwriter.

His articles range from scientific to creative, among them those that came out in Journal of Language Learning, St Petersburg Times, and Kommersant.

At U.Today, he and his team specialize in the economic analysis of the Blockchain market, infographics, as well as interviews.

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Bitcoin's Parabolic Uptrend Remains Intact Despite Price Collapse: Tuur Demeester

  • Alex Dovbnya
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    Tuur Demeester wants you to buy the dip as Bitcoin touches the support of its parabolic uptrend for the first time since March

Bitcoin's Parabolic Uptrend Remains Intact Despite Price Collapse: Tuur Demeester
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Tuur Demeester of Adamant Capital has just taken to Twitter to calm down Bitcoin enthusiasts who might have been swayed by incredibly bearish sentiment on crypto Twitter. 

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Shortly after printing a huge red candle on the logarithmic chart, the Bitcoin price spiked by 20 percent on Apr. 2, which started the coin's massive run to $13,700. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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