Can you tell me how many types of cryptocurrency exist as of 2022?

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7 months ago

I’m researching the current state of the cryptocurrency market and I’ve come across many different coins in the process. Though I’ve learned about the major ones like Bitcoin, Ethereum, and Litecoin, I keep seeing unfamiliar names pop up. I’m starting to lose track of how many different types of cryptocurrency there actually are, so I was hoping someone might know the exact number.

Additionally, I can’t tell if every cryptocurrency I come across is a separate type, or if some are simply variations of existing ones. Does the number of cryptocurrencies include only unique types, or does it also encompass all different variations? I’m a little confused on this point, so any clarification would be appreciated.

Lastly, is there a single source that keeps track of all these different forms of cryptocurrency? I’d like to find a source where I can get a comprehensive overview of all the different types of cryptocurrency that exist. This would really help me out in my research.

Answers:

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7 months ago

There is not an absolute number of how many cryptocurrencies exist due to the constant creation of new ones, and some disappearing over time due to lack of user interest or utility. As of 2022, there are more than 10,000 different cryptocurrencies listed on various online exchanges. Each listed cryptocurrency is typified as a separate type. While some may be called “variants” or “forks” of the pioneering ones like Bitcoin or Ethereum, they are still counted as unique types due to distinct code changes or features they offer. For a comprehensive overview, websites such as CoinMarketCap or CoinGecko keep track of all cryptos, providing relevant information including but not limited to, trading volume, market capitalization, and details about each coin. Both sites offer exhaustive lists and are regularly updated as new coins enter the market.

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