Market analysts note an increase in the number of cryptocurrencies

Experts emphasize the emergence of many promising cryptocurrencies. Despite the collapse of the industry and the increased volatility of digital assets, in the third quarter of 2022, the market recorded the trading of more than 700 new virtual coins. As of August 15, 2022, there were 20,575 coins and tokens available, which is 3.5% more than in the second quarter of the year, when the number of coins was 19 866.

Analysts concluded that the collapse of projects such as Terra and Celsius did not have a global negative impact on the industry. Most virtual coins are still present on the market, and new ones are constantly appearing. In addition, there is some positive dynamics, as Bitcoin and Ethereum rates have recently increased significantly. The flagship cryptocurrency has risen from $ 17,000 to $ 24,000, while ETH has more than doubled in value. At first, the cryptocurrency dropped to $ 950, and later managed to overcome the $ 2000 mark.

Recently, we mentioned countries that have legalized cryptocurrencies. In particular, we considered what will happen to the economies of countries that accept CTS as legal tender. We also shared a survey that showed the importance of cryptocurrencies for the development of digital communications in business.