Almost 5,000 new cryptocurrencies launched in the last 12 months
22 Sep, 2021 CryptoParrot
As the cryptocurrency industry continues to mature with mainstream adoption, investors are pumping more money into the sector contributing to the sector’s popularity. At the same time, new cryptocurrencies joining the market to capitalize on the interest is also on the rise.
According to data provided by cryptocurrency trading simulator Crypto Parrot, between September 2020 and September 2021, new 4,908 cryptocurrencies have launched bringing the cumulative number of coins to 12,046. Therefore, over the last 12 months, the number of new cryptocurrencies has grown 68.75% from September 2020's figure of 7,138.
Elsewhere, the highest growth rate was recorded between September 2019 and September 2020 at 146.98%, from 2,890 to 7,138. The number of cryptocurrencies is provided by CoinMarketCap.com database with historical figures retrieved using the web.archive.org tool.
