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Why are there so many cryptocurrencies? What's the point?bitcoin-office.com � investing � cryptocurrency � why-are-there-so-many-cr. Many cryptocurrencies have gained importance or hold the promise to do so. Other important coins include Litecoin (LTC), Chainlink (LINK), Cosmos (ATOM), and. Each altcoin provides significant potential but comes with significant risk. Cryptocurrencies compete in an ever-growing landscape, making it more difficult for.