Asking someone to give a list of the number of cryptocurrencies there are would seem an attempt to see how it would look like when you try something completely impossible. Imagine someone asks you to give the name of all website, you have visited on the World Wide Web. Chances are quite slim that you would easily get above a hundred.
Giving the list of the entire cryptocurrency that exists is a bit similar. Bitcoin alone now has two of its kind the Bitcoin Cash and Bitcoin gold. Ethereum—the next to Bitcoin in market share and popularity now also has the Ethereum classic.
The actual number of cryptocurrency in existence is unknown but estimates put it at 1384. However, the list of cryptocurrencies on Coinranking numbers up to about 2,500. It may be very difficult to talk about the list of cryptocurrencies without looking at other terms in this area.
We would now look at market capitalization. In cryptocurrency, all coins are the same in the sense that they all command a price and can be a good store of value. The list of cryptocurrencies, however, is important because the buyers and sellers in the cryptocurrency market are not just interested in cryptocurrency as a store of value or having the ability to command a price. They also want to know the best from the available options of cryptocurrencies and are more likely to invest when these currencies have higher chances of increasing in value and after any given time they would be a ready and willing sacrifice.
Hence, you cannot think of the list of cryptocurrencies as one that contains just the number of coins in existence. Market capitalization is simply the money value of the total outstanding shares of a company. In cryptocurrency, however, the market capitalization is the value of the total available quantity of that currency available multiply by its market price. Many lists available out there come in this order of coins or cryptocurrencies by market capitalization.
Bitcoin, for example, comes at the top of the list in both Coinranking and Coingecko this is because it is unparalleled in price and when you multiply the price by the volume of Bitcoin in circulation, the result is about 190 billion. Some lists include other criteria like liquidity, developers, community and public interest. To understand liquidity, you can start by thinking about an asset.
If you would ever think of owning one, you have to bring many things to bear on the issue. The most important of them all, however, is that such an asset should maintain a value and be easy to convert to cash in such a way that the value of the asset would not reduce in any way as a result of the conversion. Developers are programmers whose activities revolve around maintaining the technical aspects of the system. The importance of keeping track of this is to guarantee the likelihood of the cryptocurrencies survival. Public interest measures search engine popularity, which is a good base for useful speculations.
How You can Start investing in Cryptocurrencies
Newer Coins and Bitcoin Alternative Cryptocurrencies are attracting more attention from investors because they are still cheap, you can buy many coins at a cheaper price and they have good chances of increasing in value and making more profit, unlike in bigger and more volatile Cryptocurrencies like Bitcoin.
Well, the crypto market is highly volatile, but the opportunities are still enormous. You just have to find and invest in the best. Always make your research, read the instructions on the websites and compare your choices.
See these newer ones listed here, they all have something good about them;
|Restart Energy (RED)|
|Forty Seven Bank|
If you have your best Cryptocurrency list you recommend, let us know in the comment box below. Someone might find your information helpful.