Alt coins, or alternative coins, is a term used to describe all the coins that came after the original cryptocurrency, Bitcoin. While many of the earliest altcoins were simply copies of Bitcoin, we now have a wide range of coins that offer unique features and services. These include stablecoins, smart contract platforms, and DeFi coins.
In this episode of Crypto Curious, we discuss how the top 10 altcoins have changed over time, with unlikely memecoins like DOGE now holding a permanent place. We also discuss the emergence of more advanced blockchains like Solana (SOL), the rise of exchange tokens like BNB and high-risk speculative coins like Shiba Inu (SHIB).
Digging deeper, we explain why you should compare a coin's market cap with its maximum supply, and how it can affect performance. This highlights the importance of always doing your own research and learning everything about a crypto project before investing. In conclusion, Blake notes how stablecoins like Tether (USDT) are attracting the attention of governments around the world and could replace fiat currency.