How many cryptocurrencies are there actually?
Digital coins are booming and more and more are added, but the question is how many cryptocurrencies there are at the moment.
In recent years, digital coins have become extremely popular. Not a day goes by without news about some crypto. Logical, because many people have invested in it. Then of course you follow all the news.
How many cryptocurrencies?
Many, there are really many. Most cryptos are launched and unsuccessful. Others rise to heights that make you think how is it possible. If we look at the largest crypto exchanges, we can find out how many coins there are. CoinMarketCap is a website for tracking the prices of the digital coins. There you will see that there are more than 17,500 cryptos. 9,350 of these are listed on the site.
Coinbase is one of the largest exchanges you can trade on. This exchange follows just under 9,500 coins. CoinGecko is a price tracker and tracks 12,500 cryptos. With this tracker, entries are checked by staff members. The chance that there are ‘fake’ coins on it is therefore small. Yet it is difficult to estimate whether all coins are genuine. It is quite easy to make a token and put it on exchanges. Think of SushiSwap, where this can be done relatively easily.
scam
We can see that many tokens are launched that don’t really have a purpose. Yes, other than the owners wanting to get rich quick. So always do good research on a coin before you put money in it. You can do this by checking the number of trades on trade exchanges, but also how much money is involved. Google can also help, just by searching for the coin and seeing what other people are saying about it.
