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All other cryptocurrencies other than bitcoin, are called Altcoins.
Because bitcoin is open source (free for anyone to view and use), anyone can create an alternative coin using the code.

There are thousands of altcoins. Ethereum is the first turing complete blockchain that can run decentralized applications and smart contracts.

Some have improved features and serve a specific purpose, like ZCash, Monero, and SmartCash, which are all privacy coins.

However, there are also a lot of scam coins too. Most recently a lot of 'Lending Coins' seem to be scams. 

 

Scam coins

There are many coins that serve no purpose other than making the creators rich. Many of these are pre-mined coins with a majority held by the creators. A social media buzz is created around the coin, using platforms like Telegram and people start trading them. The price goes up, and the creators dump their coins, causing the market to crash. Without any development, the coin never recovers.

If you are looking to invest in altcoins, it is important that you know which ones are worth spending your hard earned money on.

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Why Buy Altcoins?

Many people regret not getting bitcoin when it was cheap. I remember telling people about bitcoin back in 2013, and no one really listened. Most thought it was a scam, and many still do.

If you feel that you have missed out on bitcoin, you will be pleased to know that you can still make a fortune from altcoins.

There are no barriers to entering the altcoin market, however, the cryptocurrency exchanges are making it more and more difficult for people to open accounts.

The altcoins are part of innovative blockchain projects. As these projects develop, the value of many of the coins will also increase.

These startups raise millions during the ICO (Initial Coin Offering) and really give anyone to be a part of a evolving blockchain ecosystem.

You can make money by investing in ICOs, buying tokens when they are really cheap, and then trading them when they are on the exchange.

You can also mine many of these coins yourself. Some can even be mined using your home computer, like Electroneum or Siacoin.

The cryptocurrency economy also gives many entrepreneurs and marketers huge potential in new and exciting markets.

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Where to find Top Altcoins?

If you want check the latest top altcoins then click the below button.

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