CoinMarketCap, a resource site has achieved another goal today as a part of the latest crypto news this Friday and now there are currently more than 2,000 active tokens and coins.
This is an increase of 600 coins since the start of this year. The rise in active tokens comes from the increased popularity and interest in them and also interest in the projects that are likely to launch their own blockchains.
CoinMarketCap doesn’t provide with the information on how many cryptocurrencies get de-listed. However, according to CMC, indexed projects are required to be listed on a public crypto exchange with a well-functioning API. Also, three major cryptocurrencies are not listed anymore on the site since May 9, 2013, such as BBQCoin which was ranked 10th on that particular date but didn’t achieve mainstream adoption.
Despite the hundreds of new projects that are entering the crypto space nearly every day, Bitcoin still holds the number one spot for the largest share of the entire market. Right now, bitcoin has control over 52 percent share of the entire cryptocurrency market cap. It is also still the most valuable coin out there and it’s more valuable than all 2,000 coins combined.
Of course, this wasn’t the situation back in 2013 where bitcoin started a slow decline that continued over the next few years but, it did, however, hold over 80 percent of the market share. In 2017 Bitcoin was challenged by Etherum and nearly lost the position as the most powerful coin.
At one point, all the altcoins combined had control over two-thirds of the market cap. This year, on the other hand, has firmly guaranteed bitcoin’s dominant position on the market.
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