#AltcoinSeasonLoading "Altcoin" is short for "alternative coin" — it's any cryptocurrency other than Bitcoin. While Bitcoin was the first cryptocurrency, altcoins were created to offer improvements or different features. Some common types include:
Ethereum (ETH): Enables smart contracts and decentralized applications.
Ripple (XRP): Focuses on fast, low-cost international payments.
Litecoin (LTC): A faster, lighter version of Bitcoin.
Stablecoins (like USDT, USDC): Pegged to real-world assets like the U.S. dollar to reduce volatility.
Meme coins (like Dogecoin, Shiba Inu): Often started as jokes but gained large communities.
People invest in altcoins for various reasons, including lower entry prices, faster transaction speeds, and innovative features.
