The growth of the cryptocurrency market is looking tremendous. Especially in India, Pakistan, and Vietnam. In the past year, there has been a good boom in the cryptocurrency market in these countries. According to a report by Chainalysis, India’s cryptocurrency market has grown by 64 percent in the last year. The special thing is that Pakistan has seen more speed than India. According to the data, the cryptocurrency market of Pakistan has increased by 711 percent.
According to the report, India’s share in the activities on decentralized finance platforms has been seen at 59 percent. While Pakistan’s share is 33 percent. According to the report, entrepreneurship and venture capital investments related to cryptocurrencies have also seen an increase in South and Central Asia. On the other hand, when it comes to transactions, India is seen ahead of Pakistan and Vietnam in this matter. According to the reports, out of the institutional transactions of more than $10 million, 42 percent of the transactions have been seen in India. Whereas in Pakistan this figure is 28 percent and in Vietnam, only 26 percent has been visible.
Talking about today, there is a bullish environment in Bitcoin, Ethereum, Dogecoin XRP, and other altcoins. If we talk about bitcoin, then there is a rise of about 3.50 percent, and the price has gone up to $49515. In the past week, the cost of bitcoin has seen an increase of more than 18 percent.
While the price of Ethereum is up to one percent and is trading at around $3400. This currency has gained about 18 percent in the last week. At the same time, Dogecoin, one of the cheapest cryptocurrencies in the world, has jumped 10 percent today. Due to which the price has come down to $0.237615. In the last week, there has been an increase of more than 22 percent.
Source: Chainalysis
