25% more Coin-competition for Bitcoin since the spring of 2018

Home News 25% more Coin-competition for Bitcoin since the spring of 2018

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Matthias Nemack –
28.09.2018

After the setbacks, the corners had to be some crypto-currencies least once, to surprise the evaluation of the experts from CoinMarketCap some readers: Within just five months, caused currencies in the global market of around 500 new Digital.

The Boom in the industry continued unabated for years

Anyone who has followed the developments in the crypto market from the outset, can still remember well: In the early days, only a hand existed first fully digital currencies. So investors could either buy Bitcoin, money in Ethereum invest or to 2013, from about five other Coins to your favorites for your own Wallet, choose. From the Boom of recent years was not initially expected. Accordingly, impressively, I now read the current data, which was published by the prestigious Portal CoinMarketCap. You bear witness to that, that recently, the threshold of 2,000 currencies could be broken.

Flight of fancy to an even greater extent since 2018

It only took a period of about five months, so that new ICOs the number of digital foreign exchange, which formerly around 1,500 to according to the latest state-2.008 rise. Because the industry loves a Superlative, refers to the provider coinmarketcap.com on a Coin-increase of 28.585 per cent since the year 2013. In April 2015, there were slightly more than 500 crypto currencies, this number is held in the following 12 months, reasonably. From April 2016, the selection grew significantly. From the beginning of 2017 were set the Boom to hardly any limits. In autumn 2017, the market showed the limit of 1,000 currencies. From the beginning of 2018, there was then, until today, hardly any limits. This culminated now as I said in the break Through the 2,000 limit at the end of September 2018.

To the acute loss of Value, which had to not only accept the Bitcoin that changes is the rapidly growing selection of currencies. In spite of its high losses of Bitcoin is the main crypto-currency and thus to law as a reserve currency in the industry.