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How Many Cryptocurrencies Should You Own?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 Several other analysts suggested that investors make only small allocations to digital currencies, putting. 8. Dogecoin (DOGE) Dogecoin was created in as a parody of bitcoin, but the cryptocurrency has become a legitimate investment to many crypto traders.