Over 1K New Crypto Coins Lists In 5 Months
More than 1,000 new crypto coins have been listed in the market in the past five months, despite tighter regulations on crypto firms, bringing their total to 9,708 in July, a new report showed on Tuesday.
According to data presented by AltIndex.com, 1,023 new cryptocurrencies listed on the market since February. Between 2013 and 2021, the number of cryptos increased 75 times, reaching over 4,500. After the 2021 boom, the number doubled, adding 1,000 new cryptos per month. The market reached an all-time high of nearly 10,400 in February 2022, but the trend declined.
The crypto winter caused a significant drop in available coins and tokens, with over 1,700 digital coins delisted from exchanges between February 2022 and February 2023. However, the number of cryptocurrencies increased significantly in the past five months, despite regulatory changes and regulatory changes in the crypto space.
(With inputs from Shikha Singh)
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