Discover the True Count of Altcoins in Today’s Market – BitRss

Cryptocurrency markets have never witnessed such a surge in the number of altcoins. Currently, the count reaches into the millions. Due to this overwhelming supply, many speculate that a new altcoin bull run is unlikely. Factors like fragmented liquidity and continuously shifting trends contribute to this sentiment. So, what is the accurate count of altcoins available?

How Many Altcoins Exist?

According to Coinmarketcap data, there are 10.74 million cryptocurrencies. The rise of meme coins has led to an unprecedented increase in their numbers. As a result, we witness a plethora of meme coins with random character combinations. Some have even turned this into a lucrative opportunity, launching thousands of meme coins while executing rug pulls to gain hundreds of thousands of dollars.

Out of the total, only 10,815 altcoins have been listed on Coinmarketcap, indicating that a significant number remain unlisted. Moreover, many of these coins exhibit trading volumes below $1,000.