Why Are There Thousands of Cryptocurrencies — And Which Ones Really Matter?
As of early 2025, over 9,000 cryptocurrencies exist—some estimates go even higher, reaching 20,000 or more. But here’s the key insight: most of these coins are inactive, irrelevant, or never gained traction. Coinsdrom reviews the growing number of digital coins and what users should pay attention to.
At Coinsdrom, we review developments across the crypto landscape to help users focus on what matters. While it’s easy to be overwhelmed by the sheer volume of digital coins, the reality is that only a small number of cryptocurrencies have real utility, usage, and demand. That’s why Coinsdrom supports only Bitcoin and Ethereum—two assets that continue to power the most meaningful use cases in the crypto space.
Why So Many Coins?
Creating a cryptocurrency is technically easy. Anyone with blockchain programming skills can launch a digital coin using platforms like Ethereum or Binance Smart Chain. This openness is part of what makes the crypto space innovative, but it also leads to saturation.
Some coins are created to solve specific problems, while others are launched with little more than a name and a marketing gimmick. Some were made as experiments, jokes, or opportunistic grabs for attention, which explains why many coins disappear after a short time or remain inactive.
At Coinsdrom, utility is more important than novelty. The platform is built to support only direct transactions of Bitcoin and Ethereum crypto with longstanding relevance and high adoption rates.
Understanding the Categories: Not All Crypto Is the Same
If you’re new to the world of digital currencies, it’s helpful to understand the different types of coins and what they represent:
- Altcoins: Any coin that isn’t Bitcoin. This includes thousands of alternatives with varying levels of functionality and popularity.
- Meme coins are coins like Dogecoin, originally created as a joke. While some gain viral traction, they often lack consistent use cases.
- Stablecoins: Digital currencies pegged to real-world assets (like the U.S. dollar). These are designed for minimal price fluctuation.
- Utility tokens serve a specific function within a platform (e.g., access to services, staking rights).
- Governance tokens: Allow holders to vote on how specific platforms or protocols are run.
Many of these types are tied to niche communities or experimental projects. Some have legitimate purposes, while others fade quickly. Coinsdrom does not support speculative or untested assets—we prioritize clarity, accessibility, and proven use.
Why Coinsdrom Offers Only Bitcoin and Ethereum
Bitcoin and Ethereum are not only the most well-known cryptocurrencies—they’re also among the most actively used. Together, they account for nearly 90% of the global market share among the top 20 cryptocurrencies.
At Coinsdrom, we’ve built our service around direct exchange. That means:
- No deposits held by the platform
- No wallets controlled by third parties
- No distractions from thousands of altcoins that may not have long-term relevance
Instead, users exchange BTC and ETH directly with fiat using a regulated, KYC-compliant process. It’s built for those who value transparency and want to focus on the core of the crypto economy.
The number of cryptocurrencies might sound impressive, but quantity doesn’t equal quality. The real question isn’t how many coins exist but which offers value to real users.
Coinsdrom continues to follow crypto adoption closely. While trends come and go, Bitcoin and Ethereum remain the digital currencies most widely used, most widely accepted, and most globally recognized.
For anyone curious about crypto but unsure where to begin, start with real use cases, not hype. And when you’re ready to buy or sell Bitcoin or Ethereum, Coinsdrom provides a direct, transparent, and compliant path—no accounts to top up, no locked funds, no unnecessary complexity.
