What are altcoins? What are their benefits, and should one invest in them? Which are the top altcoins?
So let’s talk in today’s article about what altcoins are and which are the top altcoins.
Table of Contents
What are altcoins?
Without Bitcoin, all the other cryptocurrencies are also called altcoins. Bitcoin has become so popular because it was the first cryptocurrency that was based on the blockchain.
Bitcoin was generated and built on the blockchain in 2009, and the first altcoin, Ethereum, was created in 2011. After that, many altcoins have been created, and currently, more than 10,000 altcoins have been created. And every day, hundreds of altcoins are created and hundreds of altcoins become zero, so you have to invest wisely.
Types of altcoins
If we talk about the types of altcoins, then there are different types of altcoins. They are mainly divided into four to five types, which are payment tokens and stablecoins. Security tokens come, utility tokens come, and meme coins.
Top Altcoins
Top payment tokens
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Tether (USDT)
- Bitcoin Cash (BCH)
- Doge (Doge)
- litecoin (LTC)
Top stablecoins
- 1. Tether (USDT)
- 2. USD Coin (USDC)
- 3. Dai (DAI)
- 4. TerraUSD (UST)
- 5. Binance USD (BUSD)
- 6. Pax Dollar (USDP)
- 7. TrueUSD (TUSD)
- 8. Gemini Dollar (GUSD)
- 9. Paxos Standard (PAX)
- 10. StableUSD (STUSD)
Top security coins
- 1. Shentu (CTK)
- 2. Utrust (UTK)
- 3. Ozone Chain (OZO)
- 4. Hacken AI (HAI)
- 5. PolySwarm (NCT)
- 6. Guardium (GM)
- 7. Sentinel (SENT)
- 8. SecureCoin (SRC)
- 9. Lockchain (LOC)
- 10. CyberMiles (CMT)
Top meme coins
- 1. Dogecoin (DOGE)
- 2. Shiba Inu (SHIB)
- 3. PepeCoin (PEPE)
- 4. Garlicoin (GRLC)
- 5. Useless Ethereum Token (UET)
- 6. PotCoin (POT)
- 7. MoneroV (XMV)
- 8. Banano (BAN)
- 9. Coinye (KOY)
- 10. Trollcoin (TROLL)
Which Alt-Coins should you invest in?
If we talk about which altcoins you should invest in, then in the beginning, if you are a beginner, five are the top altcoins: Ethereum (ETH), Solana (SOL), Matic (MATIC), and Polka (DOT).
The Best Platforms to Buy Altcoins
If you are looking for a platform on which you can easily buy and sell them and start trading on Binance, create your account. The Binance platform is user-friendly, and you can create an account easily. Here you can buy Bitcoin and Altcoins with local currency.
Differences in Coins and tokens
Now let’s talk about coins and tokens. A crypto coin has its own blockchain. To put it in simple words, what is the difference between a coin and a token?
| Coins | Tokens |
| A crypto coin will have its own blockchain | crypto token will use some other blockchain |
Which are the coins that cannot be scammed, and which are the coins that can be scammed?
In the beginning, I would advise you that you can do your investment or your trading within the top 10 to 20 tokens and also learn about them.
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