Over 32 cryptocurrencies were created daily on the market last month
The number of cryptocurrencies increased by 1,000 last month, according to Coinmarketcap. This means that more than 32 new projects appeared on the market every day. The total number of cryptocurrencies at the end of January this year exceeded 17.2 thousand.
Last year, the number of cryptocurrencies almost doubled. As of January 1, 2021, the number of digital currencies was 8.1 thousand. As of December 31, the indicator reached 16.2 thousand (an increase of 99% over the year). During 2021, 21 new cryptocurrencies appeared on the market every day.