@BOMBERuss 26 September 2021 more from that month

As can be seen on the main page of CoinMarketCap, the number of existing cryptocurrencies has recently exceeded 12,000. This is much more than the approximately 7,100 coins registered by the site in September last year, which means that at least 4,900 new digital assets have been created in the last 12 months alone. This is the largest year-on-year increase in the absolute number of cryptocurrencies since the advent of Bitcoin. During this time, the total market capitalization of the digital asset industry has exceeded $ 2 trillion. The interest in creating cryptography is largely due to the increase in bitcoin prices over the past year, as well as an increase in institutional participation in this area. As well-known names such as Elon Musk and Jack Dorsey demonstrate support for the industry and its capabilities, both creative and financial interest continues to be attracted to this space. This further strengthens the markets, inspiring developers to work on their own cryptocurrencies in order not to miss the potential profit and demand. In addition, digital assets have attracted great interest as an asset class to protect against inflation, especially during the economic crisis caused by the coronavirus pandemic. While stock markets plummeted in September 2020, cryptocurrencies have mostly retained their value. Perhaps this has inspired even more authors to start investing and developing a new asset class. #Cryptocurrency