The number of all cryptocurrencies in the world has reached 22,000

Despite the fact that the cryptocurrency market in 2022 was under considerable strain due to a flurry of unfavorable events — regulatory pressure, macroeconomic instability, the collapse and bankruptcy of many cryptocurrency platforms — it continued to grow.

According to CoinMarketCap, as of December 11, 2022, the number of cryptocurrencies reached 22,000 for the first time in history. And yesterday, December 14, there were already 22,032 virtual digital assets.

Since June 26, when the crypto market was last reported to be growing, the number of digital assets has increased by 10.15% or 2030 new cryptocurrencies. In the summer, the number of digital assets totaled 20,002.

Comparing the latest data with the situation as of January 1, 2022, when there were 16,238 digital assets, the crypto industry has grown by 5,794 new cryptocurrencies this year, which is a 35.68% increase.

At the same time, despite the emergence of new digital assets, Bitcoin BTC $98,430.03 Bitcoin -0.45% Market capitalization $1.95 trillion VOL. 24 hours $2.43 billion has retained its dominance — the market capitalization of the flagship virtual coin is 39.3% of the global supply on the market. It is traditionally followed by Ethereum ETH $3,433.80 Bridged Ether (StarkGate) 2.55% Market capitalization $0.29 billion VOL. 24 hours $2.31 billion with a capitalization of 18.6%.

Although the number of decentralized financial assets (DeFi) continued to grow, since January 1, 2022, the total market capitalization of the crypto sector has fallen from USD 2.2 trillion to USD 0.87 trillion at the time of the news publication. This is a drop of 60.44%, or USD 1.33 trillion.

However, there is no shortage of enthusiasts in the market who believe in a better future for the industry. According to a survey recently conducted by CoinMarketCap analysts, 80% of virtual asset owners believe that 2023 will be a good year for the cryptocurrency market. There are fewer skeptics — only 17%.

As a reminder, analyst Tony Weiss believes that bitcoin is preparing for another rally before the end of the year. According to the expert, the rate of the flagship cryptocurrency is pushing off from the «bottom», which was at $ 15,700 in the fall, so, in his opinion, only a further increase in the rate will be natural. In contrast, Matthew Siegel, an analyst at VanEck Investment Company, believes that the BTC will drop to $ 10,000 next year. Mr. Siegel cited the bankruptcy of miners as the reason for the likely drop in the bitcoin rate.