5300 New Tokens Launched Daily in 2024 So Far
UK's Financial Conduct Authority Estimated Over 9000 Active Cryptocurrencies as of 2023
Total Market Cap Reaches $2561433377098, While Total Trade Volume Sits at $114855764546 As of April 2024
The cryptocurrency market has seen a surge in new tokens being launched in 2024, with an estimated 5300 new tokens being created each day so far this year. This rapid growth has been driven by the increasing popularity of digital assets and the ease with which new tokens can be created on blockchain networks.
According to the UK's Financial Conduct Authority (FCA), there were over 9000 active cryptocurrencies as of 2023. This number is likely to have increased significantly since then, as the market has continued to expand. The total market cap of all cryptocurrencies has also grown rapidly, reaching $2561433377098 as of April 2024.
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