#AltcoinBreakout
đ 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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đ 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 savingâwithout banks.
Examples:
Compound (COMP)
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đ Why People Like Altcoins
đĽ Cheaper than Bitcoin
đĄ New technology and innovations
đ Big profit potential
𧪠Test ideas that Bitcoin doesn't support
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â ď¸ Risks of Altcoins
â ď¸ Some are very volatile (price goes up/down fast)
đ Many coins are scams or have no real use
𧨠Not as secure or trusted as Bitcoin
âRegulations may affect some coins
