What Is Altcoin? Meaning & Example
Definition
An altcoin is any cryptocurrency other than Bitcoin. Altcoins range from large, established projects to tiny, highly speculative tokens.
Related terms
Bitcoin is the first and best-known cryptocurrency, designed as decentralized digital money with a fixed maximum supply. It uses proof of work to secure its network.
TokenA token is a digital asset created on an existing blockchain, often using smart contracts. Tokens can represent currencies, voting rights, access to a service or other assets.
VolatilityVolatility measures how much and how quickly prices move. Higher volatility means bigger swings, which bring both more opportunity and more risk.
What is Altcoin?
An altcoin is any cryptocurrency other than Bitcoin. Altcoins range from large, established projects to tiny, highly speculative tokens.
Can you give an example of Altcoin?
A newly launched coin with a small market cap can swing far more than larger cryptocurrencies.