HOW MANY CRYPTOCURRENCY ARE THERE | HOW MANY CRYPTOCURRENCIES ARE EXISTS

 

HOW MANY CRYPTOCURRENCY ARE THERE | HOW MANY CRYPTOCURRENCIES ARE EXISTS

 

HOW MANY CRYPTOCURRENCY ARE THERE | Today we will see about the latest existing live CRYPTOCURRENCIES. So let’s go to know HOW MANY cryptocurrencies ARE THERE in the market in 2023.

 HOW MANY CRYPTOCURRENCY ARE THERE

 

HOW MANY CRYPTOCURRENCIES ARE EXISTS

 

 

Do you want to know How many cryptocurrencies are existed now? So answer to that is 2209 cryptocurrencies based on the market started looking in being interested in a cryptocurrency that was back in 2015 and so on and I remember going on two different websites and looking at all the different cryptocurrencies raspberry overwhelming such as when they show you the different types of cryptocurrencies that they exist and how top-heavy the whole list is and why 2209 is definitely, too many cryptocurrencies because many of them are already dead.

 

Now I'm hearing from krypton booze and I'm happy to have you here with me today  I said when I bet to get started investing in cryptocurrency I'm being interested in the blockchain it was quite intimidating to see all these different cryptocurrencies not sure which ones to invest in and not showing runs which ones are real which one's ones add a dancer on so that's about when you click on the 2209 different cryptocurrencies by market cap, it would appear as I have shown in the image.

 

Hear of cuts 2209 cryptocurrencies and you can do when you can see is done on the 25th of May 2019 some market cap information is going to be different if you this at a later date but I hope you get the gist of it as you can see here we've got a nice list of all the cryptocurrencies kind criteria are market cap price and so on many cryptocurrencies so if you go on to another website web sites you might have a different number but at the moment I'm going to show you why 2209 is not as accurate as you would think and that's because many cryptocurrencies in on the website don't even actually have any pricing information or market cap inflammation and so on the net just like listed as.

 

So the thing is one reason why we need so many different cryptocurrencies are performing a different utility on the market Surfer go to  Check Up there's a nice the option here with Greta filter American select a different category never invite give you a bit of an overview of what kind of cats Greece, so you've got the digital currency that's a most common category cryptocurrency us digital the cash and you put platforms payments smart contracts such as Heroes epherium Newkirk privacy coins blockchain is a service Marketplace Exchange unlimited cybersecurity and so on so you got many different categories and not everything is digital cash so I think that's a very important aspect to keep in mind is that  to needs different blockchains because each one is going to be using it it's going to be tried targeting a specific niche now if you need more than a thousand different ones that that's questionable but since the entry barrier to entry is solo everyone can watch a YouTube video into vault 19 and start implementing his own cryptocurrency there are two words with where you can just click push a button and you can order the crazy on cryptocurrency.

 

So that the barrier to entry is very low that's why there are constantly new digital currencies is popping up every day now every day know if you can invest into that you read a little bit about it and stands one of the most important things that you do I profit from checking the liquidity is that your head over to the dead coin's website which is the current that's our that are deceased that's our deceased or a scams and Savannah you check that descriptive crunches, not on this list is as the well was Runway is one important aspect that you have to do now what I did is I took the whole list from crypto  market cap and I copied it over to Google Sheets to show you actually see how top-heavy the crypto-currency market is now I went over to Google everything in and I removed all the cryptocurrencies where are the value of them search the market cap is 0 and that leaves us with evaluator I of $91 for shade token tokens and afterward what I did is I plotted floated a whole thing onto a pie chart and the result is pretty staggering and I think that's important to note is that the top three kinds of BTC if you were on xrp to BTC has 56.6% if your arm has 10.8% market share an Excel PS 65 and except he has 6560 an Excel ps65 66.5% market share and Toothless around 73% to the talks we have a 73% of the total market cap totally cryptocurrency market cap and I think that's just you to take the top 25 or even 10 I think if you take the top 10 year around 85% and was the top 25, 10 to 5 cryptocurrencies you going to be at 90% total market cap and I think this is very important to to to realize because first of all cryptocurrency is a very risky asset to invest in and buy and buy trying to catch the new to catch some pumps for from crypto currency cryptocurrencies that are not so no and then like 500 positions are the same risk as buying a lottery ticket are ticket sir I think you should be aware of that's cryptic runs has a hole is a risky Endeavour and Investments anyway so it's much better to just to stick to like the top hundred coins and be aware that investing in coins that are like in the top 500 top 2001 is even riskier and that the is not worth the prophet like many of those that just they just going to probably die soon lose liquidity and so on losing all their value to show is  how top-heavy to the whole market cap is how the events of the do the market is a split up between the top 10 cryptocurrencies are we ever felt exactly where 6.5 cryptocurrencies are we ever felt exactly where 6.5 V cash with 2.9 and I think it's interesting that even among the list 10th position like Cardano as only  at 0.8% of the whole cryptocurrency market cap capitalization and that's just ridiculously small in my opinion in the next 5 few years this Market cap distribution is going to be a bit more even brought in my opinion is going to be among the top 25

 

So really like a Bitcoin cycle than the then the contaminants is going to be much higher than the rest all karate the big Bitcoin dominance is Lucy's in percentage significantly during the Our Kind season seasoned salt season so that was it for this short article on how many ounces are cryptocurrencies are showing a bit to the distribution and Market capitalization I think it's important to just look at it with an open mind and just even know it's risky make sure you don't take too much risk upon yourself and speculate on lower Klein spanking that you'll be the next millionaire with a hundred US dollar in investment in my opinion it's much better to have a bit of an even though it's a lower profit if you look at all asset classes at 10% or 15% return investment per year on your Investments is a fantastic number so a 7% return investment is incredibly good so in my opinion sticking to the top 25 top 50 coins even top hundred coins is in bough for me enough for me so that was it for today have a great day and I'll see you again.

Conclude – Here we have seen the latest live news about CRYPTOCURRENCIES list & we have got answer of HOW MANY CRYPTOCURRENCY ARE THERE in the market currently which exists in the marketplace in 2023.

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