If you’ve ever wondered how many cryptocurrencies are there on the market, you’ve come to the right place.
Keep on reading to find out how cryptocurrencies are listed and calculated into the total value of the market and where you can consult this data.
How many cryptocurrencies are there in total?
At the moment of writing (June 2021) there are 5633 different cryptocurrencies listed on CoinMarketCap. But this number will change as time goes on.
Well, as we know by now, cryptocurrency projects come and go, and so do their coins.
If a project goes bankrupt or better solutions become available, some coins might become obsolete.
That being said, there are always new Blockchain projects emerging. These offer new solutions to existing problems and prepare the world for an increase in cryptocurrency usage.
Where can I see all the listed coins?
The best place to see all the listed coins is CoinMarketCap.
You can explore each coin’s pricing history, as well as their all-time-high and low prices. Additionally, you can check for more specific details, like a coin’s circulating supply and/or reward protocols.
What determines a coin’s eligibility for CMC placing?
CoinMarketCap (CMC) doesn’t list every coin. There are some key features that a project must fulfill to be considered for listing:
- Should represent the cryptocurrency definition.
- Must have a functional website and block explorer.
- The coin must trade publicly on at least one exchange listed on CMC.
- Be open to communication with the CMC team to clarify issues if needed.
These points are by no means exclusive. When listing coins, CMC goes through an extensive list of standards. For a full list of these eligibility criteria, check out this page.
How much cryptocurrency is in circulation?
In addition to the total amount of cryptocurrencies, you should also be aware of the value they represent.
There are billions of coins on the market, and their price is constantly fluctuating.
The Market Cap represents a coin’s total value. In order to derive to this number, one must multiply all the coins in circulation with their respective value in USD.
Which cryptocurrency is going up in value?
This is the million-dollar question that anyone would like to know. The answer, however, is hard to give.
Instead, you should ask yourself the following questions:
- Which cryptocurrency could potentially increase in value?
- Which projects does the community cherish?
- What are the top projects that receive the highest amount of institutional investments?
Additionally, make sure you check our article on the best ways to research cryptocurrency.