What are the best altcoins?

According to some crypto analysts, the best altcoins include LINK, ADA, DOT, UNI, and MATIC. But, there are also other alternative coins worth looking into. In this guide, we highlight some of the prospects of these altcoins and help you better evaluate an altcoin before investing in it. What Is An Altcoin?

What is an altcoin vs bitcoin?

Put simply, an altcoin is an alternative cryptocurrency to Bitcoin. As such, the vast majority of cryptos can be considered altcoins, with the term transcending category or intended purpose. What is the number one altcoin to buy now?

What is an altcoin & how does it work?

Altcoins are made up of a brought spectrum of projects and are not limited by category, consensus mechanism, or intended use. Altcoin simply means alternative coin. As such, any alternative (to Bitcoin) can be considered an altcoin. In practice, this means that every cryptocurrency other than Bitcoin is classed as an altcoin.

Are altcoins on the rise?

Generally, alternative payment methods outside of traditional currencies, including altcoins, are on the rise. Altcoins (and Bitcoin) combine properties of modern money and the likes of gold into a new type of asset which makes it both scarce (like gold) yet easily transferable (like fiat currencies).