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The decentralized and unsupervised nature of cryptocurrency is one of its core marketing characteristics. Because the government controls the circulation of billions of dollars, some people expect to take a share in the digital currency market.

As early as February 2022, statista conducted a survey on cryptocurrencies, and the conclusion was surprising. At present, there are more than 10397 currencies in use. This is much higher than the 66 currencies in circulation and use in 2013.

It is encouraged by project investment. Com own quantitative scientific research on asset classes. By 2022, this website has listed 10028 currencies in circulation.

Although compared with statista's scientific research, this figure has a certain reduction, there is still a very large amount of money.

Bitcoin (BTC) leads the way

According to tradingview, the market value of all digital currencies at this stage is close to US $930 billion. Bitcoin is once again the core sales market, accounting for 40% of the total market value.

Similarly, Ethereum is slightly inferior, meaning 19.30%. These cryptocurrencies hold nearly 60% of the value.

According to the research According to com, the top five cryptocurrencies in circulation at this stage, bitcoin, Ethereum, tether, US gold coin and BNB, account for 75% of the significance of the whole industry. The top 20 companies hold an amazing 89% of the total market value.

Statista introduced the openness of the cryptocurrency establishment process as one of the reasons. One can inquire how to make his or her own coins!

Many commands will appear, including topics ranging from how to build your cryptocurrency for free to how to build your login cryptocurrency activity with only a certain number of assets.

With the prosperity of bitcoin, deception will also prevail

The increase in the number of cryptocurrencies in circulation is worrying. Because, under some conditions, this currency is the actual operation of swindling investors to draw water and pump water.

An example is the fraud case of "saving children" last year, which vibrated the game and cryptocurrency community.

Compared with legal tender, bitcoin and the industry are still in the initial stage. Both have something in common and can be used to pay for goods or services.

An important difference is that digital currency is not regulated by the supervisory authority, while fiat currency is controlled by the central bank.

This kind of difference can be obtained by bitcoin from fiat currency. Some laws and restrictions are not easy to harm the emerging bitcoin sales market.

In order to ensure the safety of investors, traders and consumers, if cryptocurrency is to become the future development of the financial system, it needs regulatory authorities.