The digital currency landscape boasts over 12,000 cryptocurrencies. While not all are accessible on exchanges, they exist, with some necessitating their own dedicated wallets. Among these are numerous altcoins like USD Coin (USDC), XRP (XRP), Solana (SOL), Binance USD (BUSD), and others.
The abundance of coins and tokens is attributed to the relatively straightforward process of creating new cryptocurrencies. However, approximately 87% of the crypto market capitalization is dominated by the top 20 virtual currencies.
