Over 700 new cryptocurrencies emerged in March 2022. 

Crypto Market Grows by All Indicators

According to CoinMarketCap, 728 new cryptocurrencies started trading last month. The total number of cryptocurrencies increased by 4% in March. Moreover, 31 new crypto exchanges became available to users. In terms of this indicator, last month’s growth was 6.8%. 

The crypto market cap increased by almost 15% and is approximately $2.16 trillion as of March 31, 2022, based on CoinMarketCap statistics to date and data from the service recorded by Wayback Machine.  

Cryptocurrency market growth in March 2022 in numbers: 

  1. The number of cryptocurrencies grew from 17.869 to 18.597. 
  2. The number of exchanges rose from 458 to 489. 
  3. The crypto market capitalization went from $1.859 trillion to $2.166 trillion.

By comparison, more than 8.000 new cryptocurrencies entered the market in 2021 and about 1.000 in January 2022 alone. Among the interesting assets that entered the market in 2021 is CoinsPaid’s CPD token. It is also important to consider that the observed growth of the crypto market capitalization is mainly due to the rapid increase in Bitcoin quotes, which was observed at the beginning of this week.

Author: Evgeny Tarasov