**Cryptocurrency Market Outlook in 2024 and Beyond** The cryptocurrency market has witnessed significant growth and volatility in recent years. In 2024, the market has continued its bullish momentum, with Ethereum rallying 85% and Bitcoin gaining nearly 150%. However, Cardano (ADA) has been the worst performer with a mere 55% gain. The global cryptocurrency market size is projected to expand at a compound annual growth rate (CAGR) of 11.1% during 2021-2028. This growth is attributed to increasing adoption of cryptocurrencies for payments and investments. In May 2016, the price of one Bitcoin stood at around $500. By 2024, the price had surged to approximately $64,861. The future of the cryptocurrency market remains uncertain, but 2023 could be a pivotal year for regulatory clashes. In Australia, a significant number of investors have engaged in cryptocurrency trading. Cryptocurrencies make up 11% of female investor portfolios on average, while they account for 31% of portfolios among young Australians. As the cryptocurrency market continues to evolve, it is important for investors to stay informed and exercise caution when making investment decisions. The exact outcome of the cryptocurrency market in 2023 and beyond remains to be seen, but it promises to be an exciting and potentially transformative year for the industry.
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