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
Related content
- Dogecoin What is Dogecoin?...
- 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 What is Ethereum?...