The Altcoin Boom Goes Bust: Only 48 Cryptocurrencies Have More Than $1 Million Of Liquidity, 97% Of Cryptocurrencies Have Practically No Liquidity, And Bitcoin Dominates By Far – Crypto.IQ | Bitcoin and Investment News from Inside Experts You Can Trust
There are thousands of cryptocurrencies in existence today. CoinMarketCap lists 4,972 different cryptocurrencies, while CoinGecko lists 6,449 different cryptocurrencies. This makes it seem like the crypto space has an endless amount of variety. However, data shows that almost all of these cryptocurrencies have practically no liquidity and are pretty much dead.