India ranks first in crypto adoption

This is one of the reports that I want to share with you guys, especially for the people who are Indian. if you are from India then you must be feeling good because India has been ranked as the first country in terms of crypto adoption. also, the developing countries are taking the lead which is another good thing and they should also be happy. we know that crypto is a revolution and it is high time when we should be part of it so that more benefits can be availed in the initial time. Over the period things might change and may not be as profitable as they are this time.

The global adoption is also growing overall which is a good sign and we can say that Crypto is going to grow even more. we also know that the current market sentiments are not good but this time it is different because even though the market is not doing good we can also see great developments. segments like Web 3 and blockchain gaming are growing and maybe in the next bulletin cycle, we are going to see even bigger growth as compared to what we have seen in the last one.

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The latest edition of Chainalysis' Global Crypto Adoption Index ranks India first in crypto adoption. India is followed by Nigeria and Vietnam. In fact, except for the United States, which ranks 4th, the rest of the top 10 list comprise developing countries.

if we take the example of steem and its also low. This is the market effect because we are in the bear market situation so every coin is affected by the same but I know that this platform will also grow in value in the next market cycle and probably it is going to be even bigger. we know that the estimating team has also started doing good work and they are trying to develop many new features including mobile applications. More application building on the platform means we can expect more users to be part of it.

This is a blockchain-based social media platform and the future seems to be bright because the majority of people are not aware that there is something like this exists in the world. sooner they get to know will adopt it and as a whole the platform will be even bigger so development is the key. We should be sustainable and scalable to deal with the mass adoption whenever it happens and there should not be any issue with the new people onboarding. I'm sure that being a part of a long-term strategy the steemit platform on steem chain is capable of doing it.

The world is accepting the fact that cryptocurrency is a revolutionary innovation so more countries should come forward and adopt it as soon as possible. This is going to help them have a better economic situation and this can also empower them by generating multiple revenue sources through the blockchain and multiple industries getting developed on this.

Thanks