#AltcoinBreakout

Altcoins (short for “alternative coins”) are all cryptocurrencies other than Bitcoin. They were developed to improve upon or offer alternatives to Bitcoin’s limitations — such as speed, functionality, energy efficiency, or use case.

🔑 Types of Altcoins

1. Stablecoins (e.g., USDT, USDC) – pegged to fiat currencies.

2. Utility Tokens (e.g., LINK, BNB) – used for specific services.

3. Governance Tokens (e.g., UNI, AAVE) – give holders voting rights.

4. Privacy Coins (e.g., Monero, Zcash) – focus on anonymous transactions.

5. Meme Coins (e.g., DOGE, PEPE) – based on internet culture.

💠 Popular Altcoins

Ethereum (ETH) – Smart contracts and decentralized apps

Solana (SOL) – High-speed blockchain

Cardano (ADA) – Research-driven development

Ripple (XRP) – Cross-border payments

Polkadot (DOT) – Blockchain interoperability

Chainlink (LINK) – Real-world data to smart contracts

Avalanche (AVAX) – Fast and scalable

Shiba Inu (SHIB) – Meme coin with community focus

These coins differ in technology, purpose, and potential. Altcoins can be more volatile than Bitcoin but offer diverse investment opportunities.