The cryptocurrency market as a whole is expected to reach a staggering $2.9 billion by the year 2023, up from $541 million this year. This represents an annual growth rate of 32.1%. The hopes are that this will occur from population compliance with some sort of legislation. The other factors involved are the compliance-free-peer-to-peer transactions, cross-border remittance transfer, increase in use cases, volatility in the stock market, fluctuating monetary regulation sin different countries, transparency and immutability of the distributed ledger technology. All of these factors will contribute to whether or not the stability of the cryptocurrency market can lead to increased use and price.
There are several large-cap companies that have some sort of involvement in the cryptocurrency space. Some of those companies are Intel Corporation, Nvidia Corporation, Microsoft Corporation, Xilinx Inc, and more. Whether they contribute to the manufacture and distribution of computer chips used for mining the coins, or simply sell the computers used to mine, these companies have a high level of involvement in the industry.
The co-founder of indaHash.com, Barbara Soltysinka, a potential candidate to launch a cryptocurrency, stated that it “makes perfect sense” for digital businesses to launch a cryptocurrency. “with the introduction of indaHash Coin, we want to tokenize the influencer marketing world and create a revolution in terms of brand cooperation and audience development, solving a wide range of issues an challenges between influencers, brands and fan bases.”
The challenges are that influencers may in certain situations have to wait up to two months for payment. This can challenge whether or not they choose to be involved.
Whether it be influencers, or large capitalization companies, it seems like the industry on cryptocurrency is only increasing every day