There are more than 7574 cryptocurrencies that are currently listed, with an existence in 31,900 markets and a capitalization that is around $ 393,500,674,158. They are really interesting numbers that are worth evaluating beyond the dominance and capitalization that Bitcoin (BTC) may have.
Certainly, BTC is and will be the currency of the moment, but it is always good, as a visionary and investor, to know that alternate ecosystem that shows us that infinite amount of tokens and coins that can, for some, represent that investment and advancement opportunity that so much is sought in this new world.
But well, you must be careful, this entire ecosystem is also full of crap and it is enough to publish a beautiful name with an attractive ICO to raise funds and a continuous scam process begins.
We already have a little knowledge of something more than BTC, ETC, LTC or any currency exposed in the first positions of the capitalizing list, much progress has been made with seeing and understanding the advantages shown by those tokens that are developed under the etherium ecosystem or that try to imitate it under the decentralized window of that new financial field that we recognize as DeFis.
What's more, the opportunities continue to grow even when the native chips are not so representative or have lost their shine a bit to occupy those privileged positions, such as EOS, ZEC, NEO, XRM, among others.
And there is still more, we must get used to seeing any kind of token exposed in order to have a share in the crypto market, ignoring all that story of sweat and blood that many carry in their code and that still resonate with mockery and criticisms that they initially exposed in their beginnings. Now the fashion, literally, is to have an alternate token or something similar that emulates the parity of a fiat currency or that represents the management and confidence of some central government in decline. At this point, everyone will draw their own conclusions and examples.
We must begin to investigate new forms of investment, and this world gives them, either with alternatives via smart contracts, or traditional but improved ones such as staking or lending, these new forms help us to determine new tokens, new names and original forms of resort to other payment alternatives that make it necessary to know.
The crypto market has a formidable future, a growth without presidents with a presence of liquidity in constant growth; This is interesting, the institutional presence has begun to appear and its intention is to inject the greatest amount of capital to generate new forms of profitability. This, combined with the nature and interaction of tokens with their native ecosystems, will be a weapon for the development of technological bridges of this new automated normality, where those 7574, a little more, a little less, will have a leading role in that encrypted future.
This article contains its own information and in writing there is no room for plagiarism. Additionally, you can find this information on my Publish0x blog under the following link.
https://www.publish0x.com/cryptographic-alchemy/7574-growing-and-counting-xmdnvwo
Totally. Whenever a big earning opportunity is, scammers follow. This is a huge drawback for newbies, which are usually so confused and seen scams here and there, does not help.