Day 29: Trading Altcoins — More Than Just Bitcoin!

When most people think of crypto, they think Bitcoin. But the real trading opportunities? They often lie in Altcoins — every crypto asset other than $BTC .

Here’s what you need to know about Altcoin Trading:

1. Higher Risk, Higher Reward:

Altcoins often have lower liquidity than BTC, meaning faster price movements — perfect for short-term traders who know what they’re doing.

2. Fundamental Analysis Matters:

Check the project's use case, team, tokenomics, and community before buying. Not all altcoins are worth your money.

3. BTC Correlation:

Most altcoins still follow Bitcoin’s price trends. Always watch BTC’s movement before jumping into an altcoin trade.

4. Beware of Hype Coins:

Meme coins and low-cap gems can spike fast — and crash even faster. Learn to ride waves with tight stop-losses or avoid them altogether if you’re new.

5. Popular Altcoins to Watch:

$ETH (Ethereum) – The OG altcoin

$BNB – Fuel of Binance ecosystem

SOL, MATIC, AVAX – Strong projects with good volume

INJ, RNDR, ARB, SUI – Popular among short-term traders

Pro Tip: Use BTC and USDT pairs to analyze strength. If an altcoin is rising while BTC is falling, that’s real momentum.

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Altcoin trading is risky — but with good research, timing, and risk management, it can be very profitable.

Next up: How to Use Indicators in Altcoin Trading