Analysts have recorded a record decline in the number of cryptocurrencies in 13 years
Over the past year, the number of altcoins on the market has fallen by 1087
14.12.2022 - 09:15
325
1 min
0
What’s new? From February to December 2022, the number of cryptocurrencies has dropped by more than 1000, from 10 397 to 9310. This became the largest decline in the industry’s 13-year history of observations, Statista, an analytics portal, reports.
What else is known? During the market’s bull phase, the number of cryptocurrencies grew steadily, roughly quadrupling from 2019 to early 2022. However, since peaking at 10 397 in February, the number has fallen by 1087.
Along with the decline in the number of crypto assets, the overall capitalization of the market decreased significantly. In November 2021, it reached a record high of $3 trillion, and by the end of 2022, it is only $0,909 trillion (CoinGecko’s data as of December 13). Since reaching an all-time high, the price of bitcoin has fallen by 74% and Ethereum by 72,5%.
Earlier, analysts at Huobi Research said the crypto market will reach the bottom in Q1 2023, with the global adoption of digital assets as a means of payment continuing in the near future.
In November, an anonymous analyst PlanB said that the bitcoin exchange rate will rise to $100 000. The expert noted that despite the state of the market after the collapse of the FTX crypto exchange, the asset has a year and a half to recover when the next halving is expected.
Useful material?
Telegram 
Twitter Incidents
Crypto mixer smart contracts do not have an administrator key, so no one can control them, and they are not considered proprietary
Nov 27, 2024
Market
According to the politician, this will combat widespread corruption by ensuring transparency and accountability of budgetary funds
Nov 26, 2024
Market
Justin Sun invested $30 million in the project
Nov 26, 2024
Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Cryptocurrency rates
-
Bitcoin
$95 542
BTC
+2.21%
-
Ethereum
$3 616.84
ETH
+5.51%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.47
XRP
+3.54%
-
Dogecoin
$0.404442
DOGE
+1.9%
-
Cardano
$1
ADA
+2.64%
-
Stellar XLM
$0.485367
XLM
+1.98%
-
Polkadot
$8.24
DOT
-0.2%
-
Bitcoin Cash
$508.88
BCH
+1.44%
-
Litecoin
$96.31
LTC
+0.99%