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There are now more than 10,800 different crypto coins. That exceeds the number of U.S.-listed stocks as well as the number of traditional U.S. mutual funds.

That total comes after would-be crypto entrepreneurs listed more than 2,600 new crypto assets in the first six months of 2021, a number that was reported Monday by crypto news site CoinDesk based on data from CoinMarketCap.

With everyone from influencers to sports stars suddenly trading Bitcoin and teenage millionaires being minted overnight, it's no mystery why programmers are rushing to roll out new coins. Earlier this year Dogecoin, which started as a joke in 2013, reached a value of more than $50 billion.