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Why are there so many cryptocurrencies? What's the point?Active currencies by date of introduction ; Bitcoin, BTC, XBT, ?, Satoshi Nakamoto � SHAd � C++ ; Litecoin, LTC, L, Charlie Lee � Scrypt � C++ ; Namecoin, NMC. How many cryptocurrencies are there? In short, there were over 9, as of , although there were many more digital coins in the early months of How Many Cryptocurrencies Are There? CoinMarketCap reports that there are approximately 25, cryptocurrencies, with a total market.