Days back the available number of cryptocurrencies reached 3000+ while the trading pairs have gone above 20750, and today it has got increased to 3025. If the same continues we can expect the number of cryptocurrencies available in the market to be above 3500+
Is this a healthy thing for the growth of cryptocurrency network or is it degrading the value of the system as large number of cryptocurrencies are available with zero trading volume and without any product backing.
These are the normal ones that
coinmarketcap listed. However, there are more than ten thousand coins that are not here. I think it does not matter how much the number is, unless it is scam. Already the powerful ones remain to the end. On the contrary, the more there are, the more choice we have in finding what we want.