How many cryptocurrencies are there?

As of July 2023, CoinMarketCap lists more than 21,000 cryptocurrencies, which can be divided into the following categories: Bitcoin, altcoins, stablecoins, utility tokens. There are also niche categories such as privacy coins, DeFi tokens, governance tokens, and NFTs, and the variety of cryptocurrencies continues to change and grow.

Types of Cryptocurrencies

The number of cryptocurrencies is growing, but it’s hard to say exactly how many there are kind. As of July 2023, CoinMarketCap lists over 21,000 cryptocurrencies.

Main Types

Cryptocurrency can be divided into several categories:

• Bitcoin: The earliest is also the market capitalization The largest cryptocurrency.
• Altcoins: Cryptocurrencies that imitate Bitcoin, such as Litecoin and Dogecoin.
• Stablecoin: A cryptocurrency pegged to a fiat currency such as the U.S. dollar or euro.
• Utility Tokens: Cryptocurrencies used for specific platforms or services, such as Ethereum and Binance Coin.

Other Categories

In addition to these main types, cryptocurrencies can be further subdivided:

• Privacy Coin: Cryptocurrencies that focus on user privacy, such as Monero and Zcash.
• DeFi Token: Cryptocurrency related to decentralized finance (DeFi) services.
• Governance Token: A cryptocurrency that allows holders to participate in platform decisions.
• Non-Fungible Token (NFT): A unique digital asset stored on the blockchain that represents ownership or a real item.

Changing Market

The types of encrypted digital currencies are constantly changing, new currencies are constantly being launched, and old currencies are gradually disappearing. Therefore, it is difficult to determine the exact amount of cryptocurrency. But it’s safe to say that the world of cryptocurrencies is colorful and ever-growing.

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