The number of global cryptocurrency users exceeding 18 million is indeed an important milestone that has far-reaching implications for the future of the cryptocurrency market.
Increased market depth and liquidity: The significant growth in the number of users means more trading activity, which enhances market depth and liquidity. This is crucial for price stability and the healthy development of the market, as more user participation can reduce the risk of price manipulation and volatility.
Increased trust and acceptance: The influx of a large number of users indicates that acceptance of cryptocurrencies is on the rise, which may further promote the establishment of trust. Trust is key to the widespread adoption of cryptocurrencies, as more users mean more security validation and more use case validation.
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