Dead or Alive: Number of Cryptocurrencies Worldwide from 2013 to January 2024
2024 began with over 9,000 cryptocurrencies created and still available globally, according to Statista .
This is 13% fewer projects ‘alive’ compared to the all-time high reached in February 2022.
That said, between February 2023 and January 2024, there was a 4% increase in the number of available projects.
The road to the current volume was turbulent, yet it witnessed only four significant drops.
This is impressive, given that that that road started at 66 coins in 2013.
Therefore, the crypto world has seen a 13,573% jump in the number of cryptocurrencies between 2013 and 2024.
Individuals, groups, or companies can create a coin on an existing blockchain or create a new chain entirely.
Reasons for creating cryptocurrencies vary, but generally speaking, they may serve as a solution to specific real-world payment issues, or the creators seek to make a profit at the detriment of the users and the sector.
Moreover, when we talk about cryptocurrencies, we actually talk about several different kinds of coins. Besides the most popular Bitcoin (BTC) and Ethereum (ETH) , there are thousands of altcoins, including the (in)famous meme coins, as well as stablecoins, governance and utility tokens, and many more.
It is worth noting that creating a cryptocurrency is a relatively easy process, and anybody can do it.
Whether that project achieves any significance – or survives at all – is a different story. Most do not.
There are several different options for making a cryptocurrency. Creating a blockchain and a native token or modifying the existing blockchain are the more difficult options and require more technical knowledge and training.
Meanwhile, making a coin on an existing chain, or paying a developer to make it,
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