#AltcoinBreakout

🌐 What is an Altcoin?

Altcoin = Alternative Coin

It refers to any cryptocurrency that is not Bitcoin.

Bitcoin was the first cryptocurrency (launched in 2009).

Every other coin that came after it is considered an altcoin.

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šŸ”‘ Types of Altcoins

1. Smart Contract Platforms

These support apps (like Ethereum does).

Examples:

Ethereum (ETH)

Solana (SOL)

Cardano (ADA)

2. Stablecoins

Their price stays stable (pegged to USD or gold).

Examples:

USDT (Tether)

USDC (USD Coin)

3. Utility Tokens

Used inside platforms or apps.

Examples:

BNB (Binance fees)

UNI (Uniswap)

4. Meme Coins

Started for fun, now have big communities.

Examples:

Dogecoin (DOGE)

Shiba Inu (SHIB)

5. DeFi Coins (Decentralized Finance)

Help with lending, trading, and saving—without banks.

Examples:

AAVE

Compound (COMP)

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šŸ“ˆ Why People Like Altcoins

šŸ”„ Cheaper than Bitcoin

šŸ’” New technology and innovations

šŸš€ Big profit potential

🧪 Test ideas that Bitcoin doesn't support

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āš ļø Risks of Altcoins

āš ļø Some are very volatile (price goes up/down fast)

šŸ›‘ Many coins are scams or have no real use

🧨 Not as secure or trusted as Bitcoin

ā—Regulations may affect some coins