What are Altcoins? Everything you wanted to know!

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While, earlier articles dealt with Bitcoins, the first Cryptocurrency; today we will get to know, What are Altcoins?

What are Altcoins? An Insight to Altcoins

Beside Bitcoins, there exist several other smaller Digital currencies, which may or may not follow the same economic model as Bitcoins. Simply, you can say that Altcoins stands for Bitcoins alternatives. They are all other coins except Bitcoins.

Did You Know?
Namecoin was the first Altcoin, introduced in April 2011!

What are Altcoins Numbers

As of writing this article, there exist more than 1604 altcoins in the world. The number is growing each day, and who knows, by the time you read this post, there are many other additions already done.

What are Altcoins best to invest in

While, Bitcoin is the most popular Cryptocurrency in the world, the other Altcoins are also gathering huge attention of the investors and traders all over the world. Among the popular list of Altcoins; Ethereum, Ripple, Bitcoin Cash, Monero, Dash, EOS, Cardano, Litecoin and many others are considered as the Best Altcoins to invest in

What are Altcoins Value

The price or value of each Altcoins differs. While, Ethereum is currently trading at $723, the Ripple’s value for each coin stands at $0.85. While, Altcoins like Tron currently stands at $0.09, we can’t predict if by the time you are reading this article, its value will be $1.

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What are Altcoins Market Capitalization

The overall Cryptocurrency Market Cap currently stands at $437,890,604,997.  Among this, the total market share, the Bitcoin Market share is $156,832,656,049, thus accounting to around 35% of the total value. The rest Cryptocurrency Market Cap belongs to all Altcoins all together.

Taking out discussion ot the next level, What are Altcoins?; Here is the list of Top 10 Cryptocurrencies by Market Capitalization (as picked up from coinmarketcap)

Altcoin Market Cap

What are Altcoins Offerings?

Just like Bitcoins, all Altcoins are focused towards the digital concept of payment and dealing as a digital mode of payment. For example, Ripple has the complete focus on the banking mode of transactions and has already been adopted by several banks all around the world. Such Altcoins hold several advantages over Bitcoins and have enough leg to continue in the long term future.

What are Altcoins Trading Options

When it comes to the trading concept, the Altcoins offer a very good opportunity to the traders to deal with those and earn a handsome amount. Since, it has been seen that the Altcoins are far more volatile in comparison to the Main Leader, Bitcoin; the options of short trading are also open in front of traders.

What are Altcoins Investment Options

At the same time, the people who are called as investors also have a great opportunity to grab some of those Altcoins in really very low rate and keep them as an asset for the future. Who knows, you bought 1 Tron worth $0.08 today, and 4-5 years later, it is valued at $10k. The same happened with Bitcoins some years ago and nobody knows the next Bitcoin may be Ethereum or Dogecoin!

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History of Bitcoin Rise
Want to know the History of Bitcoin rise? We will cover it for sure in the next article!

Where can you get your Altcoins at?

There are several exchanges, which offer you a chance to grab your favorite Altcoins. Many exchanges all around the world like Coinbase, Binance, Indian Exchanges like Koinex, Zebpay, Coindelta and others are just to mention a few, which features several Altcoins and offer you a chance to deal with Altcoins.

What are Altcoins Risks associated

There are several risks associated with Altcoins when trading or investing comes. It has been seen that several Altcoins run on the basis of news and drama created around. Since, they are volatile, the price fluctuations are very high and one may either gain or lose a lot in quick time. Also, there are several cases, when an altcoin have gone delisted in many exchanges. So, invest or trade at your own risk!

Lets hope that this article on What are Altcoins? have provided you with sufficient information on Altcoins!