I've read an article in the internet that cryptocurrency exchange is growing in number. As of now the number of exchange is already about 500 and counting. Other countries are now creating their very own exchange, does this means that cryptocurrencies is being acknowledged better now than ever before? And if it does, does having more exchange could greatly affect the prices of cryptocurrencies?
Prices of cryptocurrencies will be rising with wider adoption, and of course the fact that exchanges are growing in number contributes to faster adoption big time. I think there are much more exchanges in the world than that you are telling of in your post. There are more than 100 crypto exchanges in my country alone and I live in a small Eastern European country. And yes, this means that cryptocurrencies are being acknowledged widely than ever before these days. We are standing on the verge of mass adoption today.