Altcoin
The term “altcoin” refers to any cryptocurrency that isn’t Bitcoin – a digital money that isn’t Bitcoin. Because Bitcoin was the first cryptocurrency, each subsequent cryptocurrency was considered an “alternative.”
Ethereum, XRP, Litecoin, Cardano, and Dogecoin are some of the most well-known cryptocurrencies. Altcoin traders often trade enormous volumes of altcoins every day in the hopes of making quick money. Unlike HODLers, who plan to acquire cryptocurrencies and hold them for years, altcoin traders use a strategy based on real-time news and predict ideal timing to maximize possible profit. However, it is possible to lose a lot of money. Altcoin traders try to profit on the short-term volatility and price swings that an altcoin may experience.
Latest Content
- Bitcoin Fees Normalize After Runes’ Rapid Rise and Fall
- Volta Announces $4.1 Million in Seed Funding
- Incrypted Team Organizes Ukrainian Blockchain Week 2024
- Polygon Announces Grants for Their Community on Premier QuickSwap Podcast “All Roads Lead to Polygon”
- Good and Bad MemeCoins: Don’t get fleeced by VCs
Related content
- Dogecoin Dogecoin price Dogecoin is a cryptocurrency derived from Litecoin that uses a Shiba Inu dog from the Internet meme “Doge”. It is a cryptocurrency similar to Bitcoin. Basic Info Name: DogecoinSymbol: DOGEInitial release: December 6, 2013Authors, Developers: Billy Markus, Jackson PalmerConsensus algorithm: Proof-of-Work...
- News Summary: Dogecoin Any investor with even a passing interest in cryptocurrency is probably wondering if they should buy Dogecoin now. We will start by explaining briefly what Dogecoin really is. [1] Dogecoin Price What is Dogecoin? Dogecoin is a decentralized, peer-to-peer digital currency,...
- Charles Hoskinson Charles Hoskinson is the founder of Cardano and a co-founder of Ethereum, two of the world’s most popular cryptocurrency networks....
- Ethereum Ethereum price Ethereum is an open-source platform, designed to let people create applications that run exactly as programmed without any chance of fraud, censorship, or third-party interference. Basic Info Name: EthereumSymbol: ETHInitial release: 2015Authors, Developers: Vitalik ButerinConsensus algorithm: Proof-of-Work (PoW)Website: https://ethereum.org/ Ethereum Ledger...