Can there be more than one crypto?

There are multiple apps that do the same thing — some better, some worse, and there are multiple cryptocurrencies or token-based smart contracts that do the same thing; some do it better, some do it worse, some are designed for a particular region, some are integrated with other systems that make sense for a particular …

How can there be so many cryptocurrencies?

Many cryptocurrencies, different functionalities The underlying blockchain technology is one reason we see so many cryptocurrencies. It provides developers an opportunity to create different cryptocurrencies for different functionalities. They allow other cryptocurrencies to be built on top of their networks.

Which cryptocurrencies will survive the next 10 years?

Without further ado, we proudly present the top 10 cryptocurrencies that will survive the next 10 years! 1. Bitcoin (BTC) Surprise! Bitcoin takes the number one spot for one simple reason: its reputation. Bitcoin is used synonymously with cryptocurrency whenever crypto is discussed by most mainstream sources.

Is one cryptocurrency good enough?

That’s because one cryptocurrency, i.e., Bitcoin, will not be good enough for various usecases. For example: when Bitcoin becomes even more accessible and pricy, it is highly likely that the Bitcoin transaction fees will be unaffordable for many of us.

How many cryptocurrencies are there?

According to CoinMarketCap there are currently over 5500 cryptocurrencies in existence. It is doubtful whether most of these will survive even just the next few years and many are in fact already “dead”.

How many cryptocurrencies stand a chance of outlasting the next bubble?

I’m not alone in this weird exercise — Daniel Jeffries has written on the subject as well, saying that something like 10\% of the current crypto-companies out there stand a chance of outlasting whatever bubble burst may come.