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Altcoins To Buy Now | Best Altcoins 2022 | 5 Altcoins To Buy Now

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Welcome to Altcoins To Buy Now Video!

In the proverbial “wild west” of cryptocurrency, Bitcoin established its reputation at the top well before any other types of coins were minted on the blockchain. That left other coins, known as “altcoins,” to get in line.

Since then, thousands of new altcoins, or alternative coins, have been created and added into the crypto ecosystem. “Altcoin” refers to any type of cryptocurrency other than Bitcoin. Ethereum is the most popular altcoin, and people use the full name (Ethereum) when talking about the broader blockchain network but Ether (ETH) to discuss the currency itself.

That means there are literally thousands of other coins being exchanged out there in the metaverse. Let’s take a closer look at what altcoins are and why experts say most investors should take a pass on anything besides Bitcoin and Ethereum.

What Are Altcoins?
The term “altcoin” is shorthand for “alternative coins” and simply means cryptocurrencies other than Bitcoin. After Bitcoin, the nine most popular cryptocurrencies are as follows:

Ethereum
XRP
Tether
Cardano
Polkadot
Stellar
USD Coin
Dogecoin
Chainlink
Uniswap

Types of Altcoins
There are a few different ways to categorize altcoins. Some can even be included in more than one category. Due to how new cryptocurrency is in general, the categories are ever-evolving.

Here are some of the current major buckets altcoins can fall into:

Stablecoins
A stablecoin is a type of cryptocurrency with a value that’s pegged to another less volatile asset. Most commonly, people refer to stablecoins as linked to a fiat currency, such as the U.S. dollar. Stablecoins can also have value linked to precious metals or other cryptocurrencies. Whatever stablecoins are linked to, the effect is a less volatile cryptocurrency with greater potential to resemble the types of currencies people already use everyday.

Memecoins
Named after social media jokes and puns, memecoins are a type of popular altcoin whose value comes from community buy-in more than anything else. Unlike Bitcoin, whose value is more directly connected to fundamentals such as scarcity and total potential market cap, memecoins often hit the crypto ecosystem in mass quantities and get bought up by eager trend-followers and influencers.

Utility Tokens
Experts from many different industries have pointed to the big potential of Blockchain technology — the platform upon which all cryptos are coded. Industry professionals inside the crypto world and beyond say blockchain could one day be as ubiquitous as the internet currently is, with some even referring to it as “Web 3.”

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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.

I hope you found value in our Altcoins To Buy Now video. Make sure to leave a like on the video if you gained value from it!

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⏰Timestamps⏰

0:00 intro
0:18 Altcoins To Buy Now
13:23 Outro