Cryptocurrency Market: Blockchain Technology and Bitcoin Create Wave of Change in Conduct of Monetary Transactions

Albany, NY -- (SBWIRE) -- 03/26/2018 -- Transparency Market Research observes that the global cryptocurrency market is still in its nascent phase. Presently, Bitcoin dominates the global market due its high acceptance. However, Litecoin is poised to gain traction during the forecast period of 2017 and 2025. The other leading vendors in the global market are Namecoin, Ripple, and Ethereum. The growing awareness about the power of blockchain technology is expected to work in favor of these companies in the near future. Noted investors in the global market say it is difficult to pin point which currency would emerge as a leader. However, increasing usage of technology and widening scope of investments is surely set to intensify the competition amongst global players. Despite this ambiguity, the fact remains clear that these companies are ready to give the banking systems of the world a run for their money in the forthcoming years.