Data Points to Positive Projections for the Cryptocurrency Market

According to a report published by Coherent Market Insights, the cryptocurrency mining market is expected to grow at a compound annual growth rate of 29.7 percent to reach US $ 38.38 Billion by 2025, from US $ 610.91 million in 2016. China dominated the global cryptocurrency mining market in 2016 due to its availability of low cost electricity and low temperature zones.

While the U.S. accounted for 16 percent of the market share. Cloud mining and remote hosting services are two types of cryptocurrency mining and accounted for the largest share of the cryptocurrency mining market in 2016. Chineseinvestors.com, Inc. (OTC: CIIX), NVIDIA Corporation (NASDAQ: NVDA), Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM), Square, Inc. (NYSE: SQ), Overstock.com, Inc. (NASDAQ: OSTK)