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What Are Altcoins? A Quick Overview for Beginners

Discover what altcoins are and how they differ from Bitcoin. Learn the basics of altcoins in crypto trading with this beginner-friendly guide.

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What Are Altcoins? A Quick Overview for Beginners

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  1. What Are Altcoins? A Quick Overview By Extsy – Your Crypto Trading Companion ?https://extsy.com ? Introduction In the world of cryptocurrency, Bitcoin was the first — but it’s far from the only one. Altcoins are all the other cryptocurrencies that came after Bitcoin, offering different use cases, features, and technologies. ? What Does “Altcoin” Mean? Altcoin = Alternative Coin Any crypto other than Bitcoin is generally considered an altcoin. Examples include Ethereum (ETH), Solana (SOL), Cardano (ADA), and Ripple (XRP). ? Types of Altcoins Here are a few major categories: ● Utility Tokens (e.g., Chainlink, BAT): Used for specific functions in apps or platforms. ● Stablecoins (e.g., USDT, USDC): Pegged to a stable asset like the US Dollar. ● Governance Tokens (e.g., UNI, AAVE): Allow holders to vote on protocol decisions. ● Meme Coins (e.g., DOGE, SHIB): Created for fun but sometimes gain real value. ? Why Altcoins Matter Altcoins drive innovation in the blockchain space. They power DeFi, NFTs, smart contracts, and more. Investing in altcoins can offer high growth potential — but also higher risk.

  2. ✅ Tips Before You Buy Altcoins 1. Research the project behind the coin. 2. Check market cap, not just price. 3. Use trusted exchanges like Extsy. 4. Diversify your portfolio. 5. Avoid hype-driven decisions. ? Trade Smart with Extsy Explore top altcoins, real-time market data, and advanced trading tools — all in one platform. ? Start today at https://extsy.com

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