New crypto assets soar in 2021

Some 2,655 new crypto assets have been logged on the CoinMarketCap database this year, according to CoinDesk.

The data, which was revealed exclusively to CoinDesk, reveals that CoinMarketCap now has a total of 10,810 assets listed – a significant rise on the 2,000 listed in 2018.

Other exchanges have been adding to their lists as well, including CoinGecko with 3,064 new listings and Coinpaprika with another 2,000 new listings.

Between 2014 and 2021 there were 16,000 new crypto assets minted, including some that have become inactive since.

The interest new listings have been bolstered by several factors, not least the popularity of mainstream cryptocurrencies and alternative currencies that have gained momentum, such as Dogecoin.

Most inactive assets were minted during the ICO boom which saw companies such as Coinbase try to secure a public listing.

It’s estimated that Coinbase only lists 20% of the coins that apply for a listing. But the exchange has announced that it’s going to pick up the pace of listing and make more currencies available.

However, the caveat is that when Coinbase lists a currency, it doesn’t mean that it would endorse it or promote it.

Meanwhile, the arrival of the Dogecoin and Shiba Inu coins has pushed many developers to come up with their own original creations. However, how many of those are genuinely trying to improve the crypto space questionable.

Some currencies have achieved sufficient recognition to be listed at online casino sites that accept crypto, including Bitcasino, 1xBit and FortuneJack.

Source

Updated: 08/10/2021 — 13:00