A processor (CPU) is the logic circuitry that responds to and processes the basic instructions that drive a computer. The CPU is seen as the main and most crucial integrated circuitry (IC) chip in a computer, as it is responsible for interpreting most of computers commands. CPUs will perform most basic arithmetic, logic and I/O operations, as well as allocate commands for other chips and components running in a computer.
5. INTRODUCTI
ON
What is
Blockchain
?
Blockchain is a part of a system that
ties every cryptocurrency together
make them all function and solve all
those pesky problems of security
threat.
With cryptocurrency, the task is
undertaken with blockchain using a
form of math's called cryptology.
What is
Cryptocurrenc
y?
A cryptocurrency is a digital currency
that is secured by cryptography, which
makes it nearly impossible to
counterfeit or double-spend.
Cryptocurrencies do not rely on
either of these institutions.
Instead, cryptocurrency is
Decentralized. In other words, it is
created, exchanged and regulated by
its users.
What is
Decentralized
Finance?
Decentralized finance is a concept
of buying/selling of financial
products through blockchain
network without engaging with
middlemen like banks and brokers.
Decentralized financial system that
What is
SWOT
Analysis?
SWOT (strengths, weaknesses,
opportunities, and threats) analysis
is a framework used to evaluate a
company’s competitive position and
to develop strategic planning.
SWOT analysis is a strategic
planning technique that provides
assessment tools.
6. OBJECTIVES OF THE
STUDY
The objective of the report is : -
To study the awareness about crypto currency.
To analyze the current trend and future prospects of crypto
currency.
To study SWOT analysis of crypto currency.
To aware about the governmental laws in different countries
about crypto currency.
7. The hypothesis taken under consideration for the study
is that:
1. Many respondents consider Bitcoin to be best known
crypto currency.
2. It is expected that crypto currency use will grow in
next 5 years.
3. More than 50% of respondents didn’t have any
experience of trading or investing in crypto currency.
HYPOTHESIS
8. THEORETICAL
PERSPECTIVE
• My title is “To Study The Current And Future Perspective Of Crypto
Currency 2021: A SWOT Analysis” . This report is going to help you
understand crypto currency, and decentralized finance system better.
Since 2009, when a Japanese programmer mined the 1st cryptocurrency
that is Bitcoin, from then its value is growing day by day and many of the
other cryptocurrencies were came to an existence. And since that day it’s
becoming the topic of discussion in many of the international conferences
related to finance. According to the survey I conducted very few peoples
are aware about it and, those who are aware didn’t know how to invest
or from where to invest or what are the rules and laws over there. So
that’s the thing I am going to do the SWOT analysis of cryptocurrency and
providing the best I can give. It’s hard to ignore that this decentralized
finance system is going to rule over the market in future. This is the report
for you in which you’ll get to know the other’s perspective about
cryptocurrency too.
9. DATA ANALYSIS AND
INTERPRETATION
COLLECTION OF DATA
To fulfil the information, need of study. The data is collected from primary as well as secondary
sources.
Primary data: - The primary data is collected by ‘Undertaking an Online Survey’ and ‘From
Personal Investing Experience in Cryptocurrency’.
Secondary Data: - The secondary data is collected from ‘Internet’ and ‘Books’.
SAMPLING
The sampling consists of data obtained from college students for this report.
• Sample size: - For this project sample size was 20.
• Sampling technique: - For this research Convenience sampling technique is used.
• Tools of analysis: - Data analysis was done mainly from the data collected from survey
taken on google forms. The data obtained from SWOT analysis were also used in this
report. The data collection from secondary sources is also used to analysis.
• Plan of analysis: - Tables were used for analysis of data. The data is also neatly
presented with the help of statistical tools such as graph and pie diagrams.
10. DATA ANALYSIS &
INTERPRETATION
1. Which cryptocurrencies do you consider to be
best known?
INTERPRETATION: - It was found that 88.20%
respondent knows about Bitcoin, 47.10% respondent
knows about Ethereum, 11.80% respondent knows
about Ripple, 5.90% respondent knows about
Binance & Dogecoin.
2. In the next 5 years do you expect Cryptocurrency use will:
INTERPRETATION: -No one says that the use of
cryptocurrency will close in future, and only 5.9% respondent
says it remains same.
Similarly, 64.7% respondent says it’ll grow in use, and 29.4%
says it grows substantially.
3. What is your direct experience of
using cryptocurrencies?
INTERPRETATION: - The majority of respondent i.e.,
76.5% has no experience of investing in
cryptocurrencies. Similarly, only 23.5% respondent
have small amount of experience in it.
11. Current scenario:-
Recently just Crypto Currency market gets crashed. Why is crypto
going down? Ex-US President Donald Trump said in an interview that he thinks Bitcoin
is a scam, which led to the crypto market crash.
There was one big factor that was directly responsible for the small crypto crash that
wiped out 5- 10 per cent net worth from major Crypto Currencies overnight. Appearing
in an interview on the Fox Business Network, former US President Donald Trump said
that Bitcoin "seems like a scam". He went on to say that he dislikes Bitcoin because he
thinks of it as another currency competing against the dollar. Trump also added that he
wants the dollar to be the universal currency of the world. As a former President of the
US, Trumps' words still hold sway in the market it appears, as soon after his interview
aired, the price of Bitcoin dropped down more than 7 per cent in just a few hours.
As Bitcoin fell, the price of other coins fell significantly too. The price of Dogecoin
fell by over 12 per cent. Cardano saw a 9.77 per cent fall. Matic, one of the best
performing coins of 2021 fell by over 13 per cent. Ripple (XRP) which had consistently
stayed around the price of a dollar, also fell by 9.61 per cent. As of now, most coins are
still down with no sign of recovery yet. However, crypto markets are emotionally driven
and volatile and could jump either way very soon.
12. Future of Crypto Currency:-
Despite everything, many countries have started
adopting and legalizing Crypto Currencies. This indicates a positive attitude towards
Crypto Currency as well as the future of crypto looks promising. In India, the
Supreme Court overturned the crypto ban, yet regulations will soon come into the
picture.
Not just India, many other countries that have effectively adopted Crypto Currency
has put regulations in place to ensure economic viability and progress, without
harming the interests of the public. Indian Government may have issued the bill to
ban Crypto Currencies but the parliament didn’t passed it yet and kept under
observation.
It’s time we use each technology responsibly as recently a lot of legal challenges are
piling up on tech giants like Amazon, Google, Apple, etc. on the grounds of antitrust
issues.
Right now, it’s too soon to carve out or predict the future of Crypto Currency. We
are yet to explore more about this growing field. Nonetheless, it is absolutely a
change agent in the financial industry as well as for investors.
13. A SWOT
ANALYSIS
Easy transactions.
Asset transfers.
Confidential
transactions.
Low transaction fee.
Give access to credit.
Hold ownership.
Strong security.
Decentralization.
• Illegal transactions.
• financial losses .
• Decentralized but still
operated by some
organization.
• Some coins not available in
other fiat currencies.
• Adverse Effects of mining on
the
environment.
• Susceptible to hacks.
• No refund or cancellation
policy.
Global Financial System.
Cost and Time of
Transactions.
Erase or Manipulations are
not possible.
international Acceptance.
Payments through Social
Media Lending.
Retirement Benefits Services.
Job Opportunities.
Initial Coin Offerings (ICO).
• Collateral damage.
• Speculative losses.
• Intangible, illiquidity.
• Private players.
• No proper intrinsic value.
• Human errors.
• No any fixed face value or
nominal value.
• No any pricing policy also.
• Frequent fluctuations in
their price values.
S -
STRENGTHS
T -
THREATS
W -
WEAKNESSES
O -
OPPORTUNITIES
14. TOP 10 CRYPTOCURRENCIES TO
INVEST IN 2022
I
T
C
O
BIN (BTC)
LITECOIN (LTC)
ETHEREUM (ETH)
BASIC ATTENTION TOKEN
(BAT)
BINANCE COIN (BNC)
RIPPLE (XRP)
CHAINLINK
(LINK)
STELLAR (XLM)
POLKADOT
(DOT)
DOGECOIN
(DOGE)
Mobile Apps and
Websites WEBSITES: -
1. Binance.
2. Kraken.
3. Coinbase.
MOBILE APPS: -
1. Coinbase.
2. Binance.
3. WazirX.
15. CONCLUSION
According to the above report here’s the conclusion, we have successfully
accomplished our report objectives. We have spread awareness about the
Cryptocurrency and the network which regulates it and make it work i.e.,
Blockchain and Decentralized Finance network. We have satisfyingly taken
out a survey to know the current trend and future prospective of
Cryptocurrency among the public. To accomplish this objective, we have also
done a SWOT analysis on Cryptocurrency. The SWOT analysis helps us to
understand the key (Strengths, Weaknesses, Opportunities and Threats)
associated with Cryptocurrencies.
To fulfil other objectives, I’ve mentioned top 10 Cryptocurrencies to invest
and trade. I’ve also suggested some mobile applications and websites to
learn and trade with Cryptocurrency. At last of the context, you’ll get to know
the governmental laws and regulation for Cryptocurrency which will help you
to understand the legality of investing and trading in Cryptocurrency.
With the help of survey I’ve taken the Hypothesis of our project report is
concluded as follows:-
More than 50% respondents consider Bitcoin to be best known crypto
currency. Hence, the Hypothesis is accepted. The survey says almost
88.20% respondent’s considers Bitcoin as best known crypto currency.
More than 30% of respondents expect that crypto currency use will grow in
next 5 years. According to the survey the Hypothesis is accepted, which
shows 64.7% respondents says it’ll grow in use in next 5 years.
More than 50% of respondents didn’t have any experience of trading or
investing in crypto currency. Hence this Hypothesis is accepted, because the
data shows almost 76.5% of respondents didn’t have any experience of
trading or investing in crypto currency.
16. BIBLIOGRAP
HY
Online survey taken on Google Forms.
BOOKS: -
Technical Analysis Cryptocurrency Trading Basics - How to Start Making Money In
Cryptocurrency For Newbies (A step-by-step, easy and simple learning system designed
especially for beginners.) by Theodo.
The Crypto Crash Course the Ultimate Cryptocurrency Guide for Beginners A Thorough
Introduction to Cryptocurrency Mining, Investing and Trading, Blockchain, Bitcoin and
Digital Coins, and More... by Frank Richmond.
Kiana Danial - Cryptocurrency Investing for Dummies-John Wiley & Sons, Inc. (2019).
WEBSITES: -
https://forms.gle/FsMyJFZorTFTsXB97
https://www.investopedia.com/
https://en.wikipedia.org/
https://www.europeanbusinessreview.co
m/
https://towardsdatascience.com/
https://www.geeksforgeeks.org/
https://www.researchgate.net/
• https://www.legal500.com/
•https://www.republicworld.com/
•https://www.analyticsinsight.net/
