Cryptocurrencies

How Many Cryptocurrencies Are There?






As you surely already know, bitcoin is a type of digital currency that secures transactions using encryption. It’s possible that you are unaware of their rising popularity and the daily emergence of new coins as a result of their increased acceptance.

So, how many coins are now in circulation?

Find out by reading on!

How Many Cryptocurrencies Exist?

There were more over 8000 cryptocurrencies in circulation as of December 2021! Although this number can appear high, it’s crucial to remember that many of them have no intrinsic value.

Stats and Values for Cryptocurrencies in 2021

A few cryptocurrencies have trading value, which enables us to swap them for real money, as was already explained. They can be worth considerably less than a dollar or more than $100,000.

There were over 100 cryptocurrencies available on Coinbase in 2021.

(Source: Investopedia)

One of the biggest cryptocurrency trading and investment platforms available is called Coinbase. The most popular coins on its list at the moment are Bitcoin, Ethereum, and most recently, Dogecoin. It has over 73 million active users at the moment.

Many cryptocurrencies have different functionalities.

(Source: Bobsguide)

Since there are so many distinct cryptocurrencies, it might be difficult to understand why they are all used for the same thing. However, the blockchain technology that underpins them enables programmers to produce new coins with a variety of capabilities.

For instance, many cryptocurrency coins serve as currencies, while others serve as useful objects. These cryptocurrencies serve as an infrastructure, enabling the development of other cryptocurrencies on top of their networks.

Over 100,000 people worldwide were millionaires in Bitcoin as of 2021.

(Source: Yahoo Finance)

Millionaire bitcoin owners are becoming more and more common. For instance, only 15,000 Bitcoin owners held at least $1 million worth of coins a year ago, compared to 25,000 just four months earlier.

The music industry has its own cryptocurrencies.

(Source: ValueWalk)

Other coins that are more specialised to a certain domain exist besides well-known, more general-purpose coins like Bitcoin or Ethereum.

Audius, a cryptocurrency that facilitates direct transactions between artists and listeners, is now the most popular one in the music industry. As of March 2021, Audius’s worth was $4.99, which was the highest ever.

On January 19, 2022, there were 453 cryptocurrencies market exchanges.

(Source: CoinMarketCap)

There were 16,961 cryptocurrencies in all, and according to Coin MarketCap, Binance was ranked first, followed by Coinbase Exchange and FTX. The exchange rate for Binance was 9.9, compared to 8.7 and 8.4 for the other two.

The most searched digital currency in 2021 was Dogecoin.

(Source: The Motley Fool)

Bitcoin and Ethereum weren’t the most searched coins, despite being widely used. The top 3 cryptocurrencies that were most frequently searched for were Dogecoin, Shiba Inu, and Cardano as a result of what users were seeing on social media and in the press.

XRP is currently considered the best cheap cryptocurrency to buy.

(Source: GOBankingRates)

Many less expensive variations of the coins that have values over $10,000 are available on the market. For instance, XRP is the best affordable cryptocurrency to buy, according to GoBankingRates.com, and it may help you get a return on your investment.

Shiba Inu is the least expensive cryptocurrency on the list, with a value of just $0.0000363 as of December 2021.

Conclusion

In conclusion, cryptocurrencies are widely used. Some freelancers prefer getting paid in cryptocurrency, and more eCommerce firms are adopting them as a form of payment. We hope that this post has improved your understanding of various cryptographic statistics and facts. Please leave a remark below if there are any queries you may have or if you feel we have missed anything.