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🌐 What are Altcoins?
Altcoins (from English alternative coins) are all cryptocurrencies that are not Bitcoin. They emerged to provide alternatives, improvements, or new functions within the crypto ecosystem.
🔍 What are they used for?
Altcoins have different purposes:
Improve Bitcoin technology.
Enable smart contracts and decentralized apps.
Create stablecoins.
Be used in games, NFTs, finance, and more.
📂 Types of Altcoins
Ethereum (ETH): pioneer in smart contracts.
Stablecoins: like USDT or USDC, pegged to the dollar.
Meme coins: like Dogecoin (DOGE) or Shiba Inu (SHIB).
Infrastructure altcoins: Solana (SOL), Cardano (ADA), Avalanche (AVAX).
Governance or utility tokens: like UNI or LINK.
⚖️ Advantages and Risks
✔️ Advantages: innovation, diversification, investment opportunities.
⚠️ Risks: volatility, potential scams, lower adoption than BTC.
📊 Importance
Altcoins represent more than 40% of the crypto market. They are key for sectors like DeFi, NFTs, Web3, and more.
#Cripto #Binance
Altcoins (from English alternative coins) are all cryptocurrencies that are not Bitcoin. They emerged to provide alternatives, improvements, or new functions within the crypto ecosystem.
🔍 What are they used for?
Altcoins have different purposes:
Improve Bitcoin technology.
Enable smart contracts and decentralized apps.
Create stablecoins.
Be used in games, NFTs, finance, and more.
📂 Types of Altcoins
Ethereum (ETH): pioneer in smart contracts.
Stablecoins: like USDT or USDC, pegged to the dollar.
Meme coins: like Dogecoin (DOGE) or Shiba Inu (SHIB).
Infrastructure altcoins: Solana (SOL), Cardano (ADA), Avalanche (AVAX).
Governance or utility tokens: like UNI or LINK.
⚖️ Advantages and Risks
✔️ Advantages: innovation, diversification, investment opportunities.
⚠️ Risks: volatility, potential scams, lower adoption than BTC.
📊 Importance
Altcoins represent more than 40% of the crypto market. They are key for sectors like DeFi, NFTs, Web3, and more.
#Cripto #Binance
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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