The cryptocurrency market is booming at a favorable rate. By 2027, it will reach $64.87 billion, and its users amount to 994.30 million.
In 2022, the value of the global cryptocurrency market cap is over $800 billion. Given the rise of artificial intelligence, companies’ growing interest in investing in cryptocurrencies, and its increasing demand for payment options for businesses, cryptocurrency is becoming popular worldwide.
Keep reading below to learn how many cryptocurrencies are for use and trading this 2023.
Editor’s Choice
- There are 22,932 cryptocurrencies as of March 2023, but not all are active or valued.
- As of the moment, there are 300 million cryptocurrency users worldwide.
- Despite Bitcoin’s $5.13 billion valuation, only Litecoin and Peercoin made the top ten.
- Bitcoin is worth more than $5.5 billion, while XRP, the second-largest cryptocurrency in November 2014, is worth $144.18 million.
- Bitcoin rose over 100% to $376.05 in 2014, and over 76,000 merchants worldwide accepted it as payment.
- Bitcoin’s value nearly tripled in November 2015, reaching a three-year high of over $900.
- In 2017, Ethereum’s market value rose more than 1000% to $7.2 billion, and XRP’s rose $232 million to $1.96 billion.
- Bitcoin’s market capitalization surpassed $100 billion at the end of 2019, reaching $134.57 billion.
- Bitcoin has a market valuation of $470 billion, more than twice that of Ethereum.
How Many Cryptocurrencies Exist in 2023?
There are around 22,932 cryptocurrencies in existence as of March 2023, with a total market capitalization of $1.1 trillion.
The numbers continually change with newly generated cryptocurrencies; some older ones become inactive or delisted.
As of February 2023, there are 8,685 active cryptocurrencies. Also, 300 million cryptocurrency users worldwide, and over 18,000 businesses accept cryptocurrency as payment.
Cryptocurrency Industry Growth Statistic
Bitcoin has seen a spike in popularity and continued expansion in less than ten years. In the next section, we will highlight some important examples of its significant growth by presenting glimpses of the decentralized finance terrain at various times.
Here’s an overview of the total number of cryptocurrencies recorded from 2014 to the present:

Month | Year | Number of Cryptocurrencies |
January | 2014 | 67 |
January | 2015 | 501 |
January | 2016 | 572 |
January | 2017 | 636 |
January | 2018 | 1,359 |
January | 2019 | 2,086 |
January | 2020 | 2,403 |
January | 2021 | 4,154 |
January | 2022 | 8,714 |
January | 2023 | 8,685 |
1. In April 2013, Coin Market Cap only supported 7 types of cryptocurrencies.
(Exploding Topics)
Regarding market capitalization, Bitcoin was the most valuable cryptocurrency, about 20 times that of any other cryptocurrency accessible. To reiterate, roughly ten years ago, the Bitcoin market was in this condition:
Rank | Currency Abbreviation | Price (2 d.p.)* | Market Cap |
1. Bitcoin | BTC | $134.21 | $1.49 billion |
2. Litecoin | LTC | $4.35 | $74.64 million |
3. Peercoin | PPC | $0.39 | $7.25 million |
4. Namecoin | NMC | $1.11 | $6.00 million |
5. Terracoin | TRC | $0.65 | $1.50 million |
6. Devcoin | DVC | $0.0003 | $1.42 million |
7. Novacoin | NVC | $4.25 | $1.16 million |
As the market capitalization of various cryptocurrencies increases, investors’ institutional and retail interest has grown, and the confidence in cryptocurrency is at 97% as of January 2021.
2. There were 513 different types of cryptocurrencies accessible in November 2014.
(Exploding Topics)
Although Bitcoin remained the market leader, with a market valuation of around $5.13 billion, only two other cryptocurrencies, Litecoin and Peercoin, reached the top ten list.
XRP and Dogecoin replaced the remaining seven cryptocurrency coins, with market capitalizations of $346.22 million and $23.30 million, respectively.
In 2014, the value of Bitcoin increased by more than 100% to $376.05, and over 76,000 retailers worldwide accepted it as a form of payment.
🎉Fun Fact Cryptocurrencies can be understood in various ways; they can be operationalized as digital assets, blockchain residents, sets of protocols, mediums of exchange, units of account, and stores of value. |
3. 564 cryptocurrencies existed in November 2015, despite the industry’s stagnation.
(Exploding Topics)
The market value of Bitcoin has risen to more than $5.5 billion. In contrast, the market capitalization of XRP, the second-largest cryptocurrency in November 2014, has decreased to roughly $144.18 million.
Seven of the top ten cryptocurrencies by market capitalization in November 2014 remained in the top 10 yearly. Here is the cryptocurrency list:
Bitcoin | $406 million market cap increase |
Litecoin | $37 million market cap increase |
XRP | $202 million market cap increase |
Bitshares | $39 million market cap decrease |
Dogecoin | $10 million market cap decrease |
Peercoin | $6 million market cap decrease |
Dash | $1 million market cap increase |
The most notable newcomer to the top ten was Ethereum, with a market cap of $65.98 million.
4. There were 663 cryptocurrencies available for trading by the end of 2016.
(Exploding Topics)
Bitcoin’s value nearly tripled in November 2015, reaching a three-year high of over $900. Here are the cryptocurrencies that saw the most significant increases in market capitalization that year:
Bitcoin | $14.59 billion | Market cap increase of 2.5x |
Ethereum | $638 million | Market cap decrease of 8x |
Ripple | $232 million | Market cap increase of 1.1x |
Litecoin | $212 million | Market cap increase of 1.5x |
Monero | $134 million | Market cap increase of 28x |
Ethereum Classic | $91 million | Market cap increase of 2x |
Dash | $71 million | Market cap increase of 4.5x |
5. The number of traded cryptocurrencies has climbed by 126 since April 2017, totaling 789.
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In 2017, Ethereum’s market capitalization increased by over 1000% to exceed $7.2 billion. XRP’s market capitalization increased by approximately $232 million to $1.96 billion.
Nonetheless, cryptocurrency faced several challenges that prevented it from gaining widespread acceptance, and these challenges continue to exist today.
🔒Security Note There are severe threats to digital security you’ll encounter if you’re in the crypto trading business. It is helpful to use VPNs to eliminate risks by having reliable encryption, protection from phishing attacks, and preventing hackers’ monitoring of your activities. |
6. There were 2,073 cryptocurrencies available by the end of 2018.
(Exploding Topics)
Due to the success of blockchain technology and the different applications of coins, the number of digital currencies expanded dramatically after a year, resulting in continued market expansion.
The compound annual growth of the blockchain industry is 56.3%. By 2029, it will be worth $163.83 billion.
By the end of 2018, around 2,073 were available, with 12 of them having a market capitalization:
Rank | Currency | Abbreviation | Price (2 d.p.) | Market Cap |
1 | Bitcoin | BTC | $3,865.95 | $67.48 billion |
2 | XRP | XRP | $0.37 | $15.08 billion |
3 | Ethereum | ETH | $139.86 | $14.56 billion |
4 | Bitcoin Cash | BCH | $163.62 | $2.87 billion |
5 | EOS | EOS | $2.68 | $2.43 billion |
7. In November 2019, there were about 3,000 cryptocurrencies.
(Exploding Topics)
However, due to carrying inclusion criteria, other sources claimed that trading volume and market capitalization define the figure of active cryptocurrencies.
Bitcoin’s market capitalization surpassed $100 billion at the end of 2019, reaching $134.57 billion. Despite this, only nine cryptocurrencies had a market capitalization of more than $1 billion.
👍Helpful Article There are various angles to answer why some Bitcoin transactions still need to be confirmed. Reasons can be recency, mempool congestion, and network fee amount. |
8. By 2020, 28 cryptocurrencies had over $1 billion market values.
(Exploding Topics)

Despite the pandemic, the number of new cryptocurrencies has increased. As of April 2020, the number of traded cryptos reached approximately 5,392.
The combined market capitalization of the top ten cryptocurrencies is approximately $200 billion, with Bitcoin alone accounting for more than $140 billion.
Four cryptos that exceeded $10 billion in market caps:
- Bitcoin – $488.21 billion
- Ethereum – $77.83 billion
- Tether – $20.73 billion
- XRP – $12.85 billion
9. There are currently 22,932 cryptocurrencies in circulation in the year 2023.
(Forbes, Exploding Topics)

Many of these require activation or are rendered completely useless. In 2023, digital cash has become more apparent than in any previous year.
- Bitcoin – the market leader and first cryptocurrency
- Altcoin – alternatives to Bitcoin but not the same as Bitcoin
- Tokens – using pre-existing blockchains
💡Did You Know Given the tremendous amount of cryptocurrencies emerging worldwide, some people would ask about the legitimacy and credibility of new trading platforms. One is PrimeXBT, a reliable platform for buying, selling, and trading digital assets. |
Cryptocurrency Usage Statistics
The survey statistics on cryptocurrency usage in 2021 revealed that the typical individual who owns cryptocurrency is a 38-year-old Caucasian male with a yearly income of $111,000.
However, cryptocurrency ownership varies by user, cryptocurrency type, and country. Here are the usage statistics of cryptocurrency today:
10. 71% of the total crypto users are white, and 74% are male.
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The average age range of crypto users is between 25-44 years old. 63% of those who installed Bitcoin are “crypto-curious, while 53% of those crypto-curious users are female.
The data shows that cryptocurrency is not a male-dominated area of currency but a diverse option for many users.
💡Did You Know With the rise of cryptocurrency, mobile payments have become a trend, especially among smartphone users. In 2021, the global digital payment sector was worth 1.97 trillion. |
11. India topped the countries by cryptocurrency usage with 100.7 million users.
(Expanding Topics)

The following countries are the major cryptocurrency users. Most use it for exchanges and transactions such as goods exchange, online shopping, and gaming.
India | 100.7 million crypto users |
The United States | 27.5 million crypto users |
Nigeria | 13 million crypto users |
Vietnam | 6 million crypto users |
The United Kingdom | 3.4 million crypto users |
Cryptocurrency Trends Statistics
Over the last ten years, numerous digital currencies have gained widespread recognition. Bitcoin is the most prominent among them, boasting a significantly larger market capitalization than its competitors.
Let’s discuss the statistics of cryptocurrency trends and cryptos available today.
12. Only 10 cryptos top the $8.38 billion to $480.23 billion market cap.
(Exploding Topics)

Bitcoin presently has a market capitalization of more than $470 billion, more than twice that of its nearest competitor, Ethereum.
When Bitcoin and Ethereum are combined, their market capitalizations are over three times greater than the remaining top 20 cryptocurrencies.
Rank | Currency | Abbreviation | Price Market Cap |
1 | Bitcoin | BTC | $480.23 billion |
2 | Ethereum | ETH | $206.85 billion |
3 | Tether | USDT | $73.26 billion |
4 | BNB | BNB | $48.63 billion |
5 | USD Coin | USDC | $39.48 billion |
6 | XRP | XRP | $18.88 billion |
7 | Cardano | CAR | $11.92 billion |
8 | Polygon | MATIC | $10.16 billion |
9 | Dogecoin | DOGE | $9.6 billion |
10 | Cinance | USD BNSO | $8.38 billion |
How Many Cryptocurrency Exchanges Are There?
The growth in the number of cryptocurrencies has led to a corresponding rise in cryptocurrency exchanges. As of March 2023, there were 569 cryptos exchanges.
Final Words
The growth of the cryptocurrency market has continued to soar over the years. With the emergence of new technologies such as AI and the increasing interest of businesses and people to invest in cryptocurrencies, digital trading has become widespread.
Thriving competitors in the cryptocurrency market have also changed the game, making it more convenient and more friendly for users to buy, sell, and trade assets on various platforms.
FAQs
What are the three major cryptocurrencies?
Bitcoin is the market leader, followed by Ethereum and Tether. Tether is another popular cryptocurrency used by many.
What are the four types of cryptocurrency?
The four common cryptocurrency types are Payment cryptocurrency, Utility Tokens, Stablecoins, and Central Bank Digital Currencies (CBDC).
How many people own 1 Bitcoin?
Nearly a million people own Bitcoin. Due to its growing use, financial market enthusiasts also like Bitcoin for payments, money transfers, and smart contracts.
Which crypto will explode in 2023?
AiDoge could be 2023’s next big cryptocurrency. This innovative initiative uses AI to help users create clever memes with no effort.
Which crypto will boom in 2024?
Top cryptocurrency rankings will keep changing. Altcoins sometimes overtake new currencies like Bitcoin. D2T, IMPT, TAMA, and RIA will rise in 2024, according to experts.
Sources
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By Artem Minaev
Artem is a management consultant with a strong background in marketing and branding. As a valuable member of the core team at TechJury.net, he holds the position of Chief Growth Officer, leveraging his expertise to drive the growth and success of the website.