{"id":10259,"date":"2022-02-15T12:21:22","date_gmt":"2022-02-15T12:21:22","guid":{"rendered":"http:\/\/TheNextWeb=1380519"},"modified":"2022-02-15T12:21:22","modified_gmt":"2022-02-15T12:21:22","slug":"so-how-many-damn-cryptocurrencies-are-there","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=10259","title":{"rendered":"So\u2026 how many damn cryptocurrencies are there?"},"content":{"rendered":"\n<p>My daily routine currently looks like this: wake up, brush my teeth, eat breakfast, read about a new metaverse or NFT project, get confused, question life choices, sleep, repeat.<\/p>\n<p>With all the chatter around hyped web3 projects everywhere you look \u2014 from metaverses to NFT marketplaces \u2014 it got me thinking: how many cryptocurrencies exist right now?<\/p>\n<p><span>You might already know that besides the OGs Bitcoin and Ether, several more currencies exist. There\u2019s not a definitive number, but here are some figures worth considering:<\/span><\/p>\n<ul>\n<li><a href=\"https:\/\/www.coinbase.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Coinbase<\/a>, one of the biggest exchanges, currently tracks 9,494 currencies.<\/li>\n<li><a href=\"https:\/\/coinmarketcap.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">CoinMarketCap<\/a> (CMC), a cryptocurrency price tracking website, shows on top that there are 17,543 cryptocurrencies out there, but lists 9,358 on its index.<\/li>\n<li><a href=\"https:\/\/www.coingecko.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">CoinGecko<\/a>, another price tracker, lists 12,563 cryptocurrencies.<\/li>\n<li><a href=\"https:\/\/tokensniffer.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">TokenSniffer<\/a>, a hack coin scanning website, has historically detected 1,210,508 tokens (it scans different blockchains to \u2018sniff\u2019 out all new tokens) \u2014 out of which more than 82,000 basically a scam.<\/li>\n<\/ul>\n<h2>How do these trackers even keep track of cryptocurrencies?<\/h2>\n<p>The folks at CoinGecko told me there are more than 500,000 crypto tokens out there. But most of them are out of circulation, or simply spam. So they don\u2019t need to list them.<\/p>\n<p>CoinGecko\u2019s product, called <a href=\"https:\/\/geckoterminal.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">GeckoTerminal<\/a>, scans different blockchains and exchanges to make sure all coins and their prices are up-to-date. Plus, all listings are manually vetted, so there are no scam coins listed on the site.<\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"size-featured_img wp-image-1380524 js-lazy\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-15-at-5.39.50-PM-796x401.png\" alt=\"A random page out of CoinGecko's tracker. You might not even know some of these tokens.\" width=\"796\" height=\"401\" sizes=\"(max-width: 796px) 100vw, 796px\" data-srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-15-at-5.39.50-PM-796x401.png 796w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-15-at-5.39.50-PM-280x141.png 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-15-at-5.39.50-PM-268x135.png 268w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-15-at-5.39.50-PM-536x270.png 536w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-15-at-5.39.50-PM-1536x774.png 1536w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-15-at-5.39.50-PM-2048x1032.png 2048w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-15-at-5.39.50-PM-1592x802.png 1592w\"><figcaption><a href=\"https:\/\/thenextweb.com\/news\/how-many-cryptocurrencies-tokens-analysis#\" data-url=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Feditorial.thenextweb.com%2Fhardfork%2F2022%2F02%2F15%2Fhow-many-cryptocurrencies-tokens-analysis%2F&amp;via=thenextweb&amp;related=thenextweb&amp;text=Check out this picture on: A random page out of CoinGecko\u2019s tracker. You might not even know some of these tokens.\" data-title=\"Share A random page out of CoinGecko\u2019s tracker. You might not even know some of these tokens. on Twitter\" data-width=\"685\" data-height=\"500\" class=\"post-image-share popitup\" title=\"Share A random page out of CoinGecko\u2019s tracker. You might not even know some of these tokens. on Twitter\"><i class=\"icon icon--inline icon--twitter--dark\"><\/i><\/a>A random page out of CoinGecko\u2019s tracker. You might not even know some of these tokens.<\/figcaption><noscript><img decoding=\"async\" loading=\"lazy\" class=\"size-featured_img wp-image-1380524\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-15-at-5.39.50-PM-796x401.png\" alt=\"A random page out of CoinGecko's tracker. You might not even know some of these tokens.\" width=\"796\" height=\"401\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-15-at-5.39.50-PM-796x401.png 796w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-15-at-5.39.50-PM-280x141.png 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-15-at-5.39.50-PM-268x135.png 268w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-15-at-5.39.50-PM-536x270.png 536w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-15-at-5.39.50-PM-1536x774.png 1536w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-15-at-5.39.50-PM-2048x1032.png 2048w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-15-at-5.39.50-PM-1592x802.png 1592w\"><\/noscript><\/figure>\n<p>CoinMarketCap has a slightly different methodology. It provides a form to community members or project managers to <a href=\"https:\/\/support.coinmarketcap.com\/hc\/en-us\/requests\/new?ticket_form_id=360000493112\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">submit a request<\/a> for their token or currency to be added to the list.<\/p>\n<p>The firm checks multiple parameters such as trading volume, community engagement, team, and project longevity. You can check the full listing criteria <a href=\"https:\/\/support.coinmarketcap.com\/hc\/en-us\/articles\/360043659351-Listings-Criteria\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">here<\/a>.<\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"size-featured_img wp-image-1380521 js-lazy\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-15-at-4.58.41-PM-796x414.png\" alt=\"Are you swimming in tokens?\" width=\"796\" height=\"414\" sizes=\"(max-width: 796px) 100vw, 796px\" data-srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-15-at-4.58.41-PM-796x414.png 796w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-15-at-4.58.41-PM-280x146.png 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-15-at-4.58.41-PM-259x135.png 259w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-15-at-4.58.41-PM-519x270.png 519w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-15-at-4.58.41-PM.png 1316w\"><figcaption><a href=\"https:\/\/thenextweb.com\/news\/how-many-cryptocurrencies-tokens-analysis#\" data-url=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Feditorial.thenextweb.com%2Fhardfork%2F2022%2F02%2F15%2Fhow-many-cryptocurrencies-tokens-analysis%2F&amp;via=thenextweb&amp;related=thenextweb&amp;text=Check out this picture on: Are you swimming in tokens? Credit: Cryptoland.\" data-title=\"Share Are you swimming in tokens? Credit: Cryptoland. on Twitter\" data-width=\"685\" data-height=\"500\" class=\"post-image-share popitup\" title=\"Share Are you swimming in tokens? Credit: Cryptoland. on Twitter\"><i class=\"icon icon--inline icon--twitter--dark\"><\/i><\/a>Are you swimming in tokens? Credit: Cryptoland.<\/figcaption><noscript><img decoding=\"async\" loading=\"lazy\" class=\"size-featured_img wp-image-1380521\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-15-at-4.58.41-PM-796x414.png\" alt=\"Are you swimming in tokens?\" width=\"796\" height=\"414\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-15-at-4.58.41-PM-796x414.png 796w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-15-at-4.58.41-PM-280x146.png 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-15-at-4.58.41-PM-259x135.png 259w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-15-at-4.58.41-PM-519x270.png 519w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/02\/Screenshot-2022-02-15-at-4.58.41-PM.png 1316w\"><\/noscript><\/figure>\n<h2>So are all these coins legit?<\/h2>\n<p>Not really. CoinMarketCap said that it\u2019s easy to create a token and list it on centralized exchanges such as SushiSwap or UniSwap without much effort. If you really want to know how many tokens are added every day, <a href=\"https:\/\/tokenfomo.io\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">TokenFomo<\/a> lists all tokens deployed in the last 24 hours on major blockchains.<\/p>\n<p>For more context, looking at a site like ListingSpy, developers have added <a href=\"https:\/\/listingspy.net\/dashboard\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">more than 50 tokens in just the last 15 days<\/a>. It\u2019s hard to be sure if all those projects and tokens are the real deal.<\/p>\n<p>A lot of these tokens have an overall trade volume of just a few hundred dollars \u2014 that means there\u2019s hardly any activity, and you might want to stay away from that project.<\/p>\n<p>Plus, tools like <a href=\"https:\/\/tokensniffer.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">TokenSniffer<\/a>, <a href=\"http:\/\/www.bscheck.eu\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">BSC Check<\/a>, \u200b\u200b<a href=\"https:\/\/www.staysafu.org\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">StaySafu<\/a>, and <a href=\"https:\/\/rugdoc.io\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">RugDog<\/a> help you in evaluating the risks of a new token and identify scams.<\/p>\n<p>Given the rapid rate of new projects being added on different blockchains every second, it\u2019s hard to keep up with the number of cryptocurrencies out there in the wild.<\/p>\n<p>So, it\u2019s important to research projects and look at resources on trusted exchanges before investing. You wouldn\u2019t want your flight to the moon to end in a nasty crash.<\/p>\n<p> <a href=\"https:\/\/thenextweb.com\/news\/how-many-cryptocurrencies-tokens-analysis\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>My daily routine currently looks like this: wake up, brush my teeth, eat breakfast, read about a new metaverse or NFT project, get confused, question life choices, sleep, repeat. With all the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":10260,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/10259"}],"collection":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10259"}],"version-history":[{"count":0,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/10259\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/media\/10260"}],"wp:attachment":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}