Inside the Crypto Market: Industry Formation Using the CoinsPaid Example

Inside the Crypto Market: Industry Formation Using the CoinsPaid Example


The crypto market evolved exceptionally in the years 2014 to 2021, and the question of whether this industry will survive no longer exists. Instead, we are questioning where it’s heading and how quickly it will reach new heights.

In January 2021, the cryptocurrency market capitalization achieved the first trillion USD, and in April 2021, it already hit 2 trillion, with a Bitcoin share of about 50% of the total volume.

Today the crypto market is represented by a large variety of startups that develop their ideas based on the blockchain. They include the art industry actively promoting NFTs, teams developing the collection and distribution of data on the blockchain, and the financial sector introducing blockchain technology into the processes of transfer and payment systems, to name just some.

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According to Deloitte Research,  the top use cases for blockchain adoption in 2020 were:

Let’s explore how one such project, operating within two sectors adopting blockchain technology fastest: cryptocurrencies and

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