The rising demand for operational effectiveness, security, and transparency in financial payment systems, as well as the increasing use of high-speed internet and the installation of trading applications on smartphones that provide easy access to online payment transactions, are all factors that contribute to the market revenue growth of cryptocurrencies.
Cryptocurrency Market, also referred to as a crypto coin, is a term used to describe a digital or virtual currency that is encrypted by cryptography in order to track transactions and stop fraud or duplicate spending. It can be disseminated via computer networks linked to a virtual world and runs through decentralised networks built on blockchain technology. The financial crisis is a serious issue that is hurting the financial sector and banking systems. Instability in the financial system damages the economy by lowering the value of the currency.