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CoinMarketCap Hits a New All-Time High (But Not for Price)

Published 10/23/2018, 01:30 PM
Updated 11/01/2018, 03:16 AM
© Reuters.

It's been almost a year since bitcoin traded near $20,000, but that isn't stopping innovation in the market from reaching other kinds of all-time highs.

In fact, according to CoinMarketCap, the leading provider of cryptocurrency data, there's never been more cryptocurrencies in existence than now. Launched in 2013, CoinMarketCap listed its 2,000th crypto asset this month with the addition of Labh Coin (LABH).

The milestone officially passed on October 3, there are now 2,112 cryptocurrencies tracked by the data site, the most trafficked according to data from Alexa.com. Data from the company shows a 3,000 percent increase in the number of cryptocurrencies on the website since it tracked just 66 assets in 2013.

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