Coinmarketcap.com now has over 2,000 coins listed!
Coinmarketcap reaches new milestone with over 2,000 active cryptocurrencies listed.
The prices of many coins have been significantly reduced over the course of 2018, but it sure hasn't dampened the mood.
Coinmarketcap started the year with just over a thousand coins listed, and now has over 2,000 coins listed.
What bear market?!
What is so special about 2,000 coins?
Well, nothing really.
Though, keep in mind that coinmarketcap is actively delisting coins that no longer fit its requirements.
In order to be listed on coinmarketcap, the coin must be actively traded on at least one public exchange, have a functional API, and have non-zero trading volume.
As of the time of writing, there are currently 2,008 coins that currently fit that description.
A far cry from 2013 when only a handful of coins were listed:
Some interesting observations:
Having over 2,000 coins is significant, but what is even more significant is the fact that the market cap of bitcoin still amounts to more than the other 2,007 coins, combined.
Yes, you read that right.
The market cap of bitcoin is worth more than every other cryptocurrency on the planet, COMBINED!
Which is a pretty impressive feat considering the sheer number of projects that have launched since bitcoin arrived on the scene back in 2009.
(Source: https://coinmarketcap.com/charts/#dominance-percentage)
As I type, bitcoin sports a dominance rate of 52.1%.
Again, pretty remarkable when every coin that has launched after bitcoin has attempted to be a better bitcoin.
Perhaps those thinking bitcoin is going to be easily replaced should keep that in mind.
Stay informed my friends.
Image Source:
https://medium.com/@turtlecoin/we-are-now-listed-on-coinmarketcap-52a3a48eac2c
Follow me: @jrcornel
many of those coins will be gone within a year. The space has become so saturated with ICO's that i stopped investing in new coins. i only buy now if you have a proven track record and a active platform.
Agreed. There needs to be some kind of barrier to entry with these things. Cost of getting coins on exchanges is quickly becoming a major one.
Agree, and in addition to that it has to provide me with rights like dividends, participation of EBIT, voting rights, etc. Pure utility tokens are just hot air and worth nothing. Most of them will never reach their highs again...
Where does steem fit on that list?
Thank god they have option to watchlist where i have only the coins i care about...
Seriously. I never scroll past the top 50 personally. Though I do have some coins I have to type in to check up on. Like SBDs for example.
Like the world needs 2,000 crypto’s 😩🤮😩
Seriously. There probably is only a need for a handful. Though there is room for many.
These coins are like cockroaches they multiply and multiply ....
And they do not die easily either. Some coins that are outright scams are still worth hundreds of thousands of dollars and have some trading volume.
A clean up is coming. Some exchanges already started delisting.
Correct. Though can they say for sure what is a security and what is not?!
Just buy all shit coins you can,if btc goes to the sky,all will rise.
It is possible, though I wouldn't say it is a guarantee.
Lml but most of them are worth nothing!
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Correct, and rightly so!
yes, since 2 days now.
Yes, the numbers have been steadily increasing.
Crazy to think only 1,950 of those are verified shitcoins 🤣
Haha. Is there that few?!
Just an estimate by my math 🤣
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Looking down the list it becomes hard to see a real use for more than a handful.
Really it's too difficult if there is no watch list 😯😯😯
Correct. Unless you only watch coins in the top 50.
It is kind of crazy to see how bitcoin continues to dominate. I think it is a key barometer of the market to see where the money is flowing. I hve been watching it closely for some time now and find it interesting that it is close to 50% from a high of almost 60% earlier this month. It couk be giving a signal...
What signal are you thinking that might be?
I think it can lead to a more uncorrelated market where assets with better fundamentals outperform the market (bitcoin in particular). This could lead to a healthy turnaround of the downtrend but will all spell the ultimate failure for many others as they go to zero.