#山寨币突破 Altcoins refer to niche tokens other than mainstream cryptocurrencies like Bitcoin and Ethereum, often relying on public blockchain ecosystems for issuance, with significant differences in total supply and functionality.

These types of coins have low barriers to entry, and some teams hype them up with concepts of 'innovation' and 'decentralization,' while lacking real technical support and application scenarios; their prices can be easily manipulated by capital, leading to extreme volatility.

Investing in altcoins carries extremely high risks: most projects have short lifecycles and can go to zero due to regulatory crackdowns or team disappearances; moreover, market information is asymmetrical, making it difficult for retail investors to discern authenticity. However, there are a few altcoins that have grown into pillars of the market due to technological breakthroughs or ecosystem development, so careful identification of their value logic is necessary.