1. Examples of Popular Altcoins
- Ethereum (ETH): Known for its smart contract functionality and being the foundation for many decentralized applications.
- Litecoin (LTC): Recognized for faster transaction times and lower fees compared to Bitcoin.
- Cardano (ADA): Focuses on research-driven development and sustainability.
- Bitcoin Cash (BCH): A fork of Bitcoin, designed to allow faster and cheaper transactions.
- Namecoin: One of the earliest altcoins, derived from Bitcoin.
- Ethereum Classic (ETC): A fork of Ethereum, maintaining the original blockchain after a major split.
2. Use Cases and Categories
- Some altcoins, like metaverse tokens, are used for payments within virtual worlds.
- Fiat-backed stablecoins are designed to maintain a stable value and help users cope with market volatility.
- Other altcoins focus on privacy, scalability, or unique blockchain features.
3. Market Presence and Trends
- Binance regularly highlights top gainers, new listings, and trading volumes for altcoins, helping users identify trending projects.
- Many altcoins have established practical use cases and strong communities, making them significant players in the crypto ecosystem.