Although the idea of a decentralized, untraceable digital currency, also known as the cryptocurrency Bitcoin, has been around for a while, it wasn't until 2009 that the first Bitcoin was created. The cryptocurrency gained popularity in the years that followed the introduction of Peercoin and Litecoin.
At the end of 2013, there were over 50 different cryptocurrency types. This number had nearly risen to 500 by the end of 2013, more than tenfold.
More than 18,000 cryptocurrencies are in use at the moment. But how did this financial
environment become so favorable? What's next?
These stats will give a good indication of the current state of the crypto market.
How many cryptocurrencies will there be in 2022?
There iscurrently 18,465 cryptocurrency.
While some cryptocurrencies are lucrative and active, others are not. After several
"dead" cryptos have been discounted, there are still 10,363 active
Worldwide, there are hundreds of millions of cryptocurrency users. Eighteen thousand
establishments accept cryptocurrency as a payment method.
Constant Rise in Cryptocurrency Value
More people are aware of and using cryptocurrency, which has exploded onto the market over
the past few years. We'll be looking at the evolution of decentralized finance
over different periods to show some of this rapid progress.
In April 2013, Coin MarketCap only listed seven cryptocurrencies.
Bitcoin's market value was approximately 20 times that of any other
One year and a quarter later, there were 513 cryptocurrencies. Bitcoin still leads the market with over $5.13 trillion in market capitalization. Even though Litecoin ($122.63 million) and Peercoin ($16.26million) were not among the top 10, Bitcoin is still the leader in market capitalization.
Dogecoin (23.30 million dollars) and XRP (3426.22 million, respectively) have taken over the original seven cryptocurrencies. XRP's cryptocurrency was designed for cross-border transfers of currency easier.
The price of Bitcoin reached $378.05.9. Moreover, Bitcoin is accepted by approximately 76,000 businesses worldwide.
The bitcoin scene has not changed much, even a year later. At the end of November, 564 different cryptocurrencies were available.
XRP's market capitation dropped to $144.18 Million in November 2014. Bitcoin's market capitalization climbed almost to $5.5 billion in November 2014.
Seven of the top 10 most valuable digital currencies in November 2014 were still in place a
year later. These were:
Bitcoin - An increase of almost $406 million in market capital
Litecoin - Almost 37% Market Cap Increase
XRP - A decrease of almost $202 million in market cap
Bitshares – A decrease in market cap of almost $39 million
Dogecoin -- A decrease in market cap of approximately $10 million
Peercoin -- A decrease in market cap of approximately $6 million
Dash - Increase of approximately $1 million in market cap
The most notable newcomer to the top 10 cryptocurrency lists was Ethereum, with $65.98 million in market capitalization.
At the end of 2016, 663 cryptocurrencies were available
Bitcoin's price has nearly tripled in the past three years, hitting $900.
These were the top-performing cryptocurrencies for market capitalization growth in 2018:
Bitcoin's market capitalization has increased by approximately 2.5 times ($14.59
Ethereum's market capitalization has increased eight times in the past year ($638
Ripple's market value has increased by 1.1x ($232 million).
Market cap growth of 1.5x for Litecoin is approximately
Since Monero's ($134 million) creation in 2013, its market value has risen by almost
Ethereum Classic (91 Million) - 2x increase in market capitalization.
Dash's market capitalization is $71 million. This is a 4.5x increase.
By mid-2017 (April 30, 2017, to be exact), 789 cryptocurrencies had been exchanged.
Ethereum's market cap has risen by more than 1,000% to $7.2 billion in just four months. XRP's price soared from $232 Million to $1.96 Billion, a similar rise in price.
Despite bitcoin's steady growth, there were many obstacles to widespread adoption.
The popularity of digital currencies has more than doubled over the past year. The cryptocurrency market has experienced steady growth due to the widespread adoption of digital currencies and the increasing popularity of blockchain technology.
At the end of 2017, there were 2,073 cryptocurrencies available. Twelve of them were worth
more than $1 billion.
In November 2019, there were approximately 3,000 cryptocurrencies in existence.
Others, however, claim that the number could be as high as 6,001. There is some
variation in the results due to different evaluations for various factors.
Some entries include funny cryptos and test cryptos. Both of these entries are quickly abandoned. To fight this, market capitalization and trade volume are often used to determine the true number of cryptocurrency users.
Bitcoin's market capitalization surpassed $100 billion in 2019, ending at $134.57 trillion. Except for this, nine cryptocurrencies have a total market capitalization exceeding $1 billion.
The pandemic had minimal impact on the growth of cryptocurrency. At the end of April, 5,392 cryptocurrencies had been traded.
CoinMarketCap puts the total market capitalization for the top ten cryptocurrencies at around
$200 billion. Bitcoin accounted for more than $140 billion.
After a slight decline in 2019, the total number of cryptocurrencies with a market capitalization greater than $1 billion was 28 at the end of 2020.
According to Bitinfocharts.com, Bitcoin transaction fees range from $1.78 to $62 per day.
It has taken a while, but today there are 18,465 different types. The problem is that many of these are inactive or unusable.
As additional ICOs get launched each week, there is a good possibility that this figure is an exaggeration.
Awareness of Cryptocurrency
The findings of the 2021 Gemini survey also shed light on cryptocurrency awareness and knowledge. 39% of people who do not have cryptocurrency knowledge said they are either very or very familiar with it.
Diverse cryptocurrencies have provided some interesting facts.
Only one in twenty crypto enthusiasts has ever heard of Bitcoin.
38% of respondents are familiar with Ethereum.
Only 24% are aware of Bitcoin cash.
Sixteen percent of participants are aware that Litecoin exists.
About one in ten people know Tether (11%)
Only 2 percent of polled respondents are familiar with Polkadot and Cardano.
The Top 20 Cryptocurrencies With the Highest Market Capitalization
Many cryptocurrencies have become household names over the past decade. Bitcoin is the most prominent cryptocurrency, and it leads in terms of market capitalization.
What are the Most Traded Cryptocurrencies (Cryptocurrencies)?
There are many cryptocurrencies that you can choose from. Anyone with a basic knowledge of blockchain technology can create their coin easily. There are currently more than 1600 cryptocurrencies that can be traded on large, medium-sized and specialized cryptocurrency exchanges.
It is reasonable to conclude that not all of these cryptocurrencies or digital tokens are significant. You can narrow down the field by focusing on those cryptocurrencies that are traded regularly and used to purchase the use of a blockchain platform with utility coins. This category includes roughly 20-30 digital currencies.
Since its inception as part of the cryptocurrency boom (Ether), Bitcoin has been the most widely used cryptocurrency.
There are many other prominent cryptocurrencies. However, their popularity and value fluctuate with market fluctuations. The 24-hour Volume Rankings are worth your attention.
The Crypto 10 Index lists the most popular cryptocurrencies and can be purchased or sold on
the open markets.