The Global Cryptocurrency Market has grown stupendously with more than 150 cryptocurrencies in existence as of May 2016.

Date: 20 May 2016

The report titled “Global Cryptocurrency Market (Bitcoin, Ripple, Litecoin, Ethereum)- Insights and Analysis: Technology, Sizing, Growth and Potential – (By Value, By Transaction Volume, Bitcoin ATMs, Company Analysis)” suggests that the cryptocurrencies have a huge potential in disrupting the Financial Technologies space and bring about revolution in the way currencies and payment systems will work out in the coming years. The report suggests that Bitcoin holds the maximum value among the cryptocurrencies by 2015, other currencies are catching up on market value similar to Bitcoin, their growth is relatively slower. 

Bitcoin has had the early starter advantage in the Global Cryptocurrency market and leads the market in terms of value and volume. The other cryptocurrencies are not merely currencies but have added value to the whole concept of blockchain technology which is likely to attract more institutions showing faith in the potential of these technologies. 

The report published by Azoth Analytics presents the findings of an in-depth study of the Global Cryptocurrency Market and bring out the various stages that the market has passed through in the period 2011-2015. The report highlights the development of the market of various currencies which have made a mark in the industry due to their innovative features and systems.