3000% Increase in Cryptocurrencies since 2013

CoinMarketCap, the leading provider of cryptocurrency data, listed its 2,000th crypto asset this month with the addition of Labh Coin (LABH). This milestone states that there have never been more cryptocurrencies in existence than now.

As of now there are 2,112 cryptocurrencies tracked by the data site, the most trafficked according to data from Alexa.com. This means there is a 3,000 percent increase in the number of cryptocurrencies. This is a drastic difference from 2013, where just 66 assets were tracked.

Brandon Chez, founder of CoinMarketCap stated “It was apparent that the idea of cryptocurrencies wasn’t going away, especially being part of the emerging community that rallied around the promise of what a world with cryptocurrencies would look like. I did imagine at the start that it would reach this number in the near future, but it’s still quite amazing to see it finally come to fruition.”

The total market capitalization of all cryptocurrencies aggregated from just seven listed assets on April 28th, 2013 was just shy of $1.6 billion. This number today represents over $200 billion and a more than 13,000 percent increase since 2013. It should be noted the all-time high in total market capitalization of roughly $830 – set last January – represented an astounding growth percentage of 55,000 percent.

Link to the original news article by Coindesk.com can be found here.

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