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What Makes an Altcoin Valuable? 11 Key Factors For Big Gains

Written By Ivan on Tech

Aug 02, 2020

Altcoins have been stirring up a lot of noise within the crypto community lately. Alts appear to be setting the scene for this coming bull market, with Bitcoin recently pumping back up to its highest price seen since 2017.

In this article, we're going to explore the different types of altcoins on the market, but more importantly, key factors to help you learn what makes an altcoin valuable, including tips and strategies commonly used to yield high returns on altcoin investments. Firstly, let's start with the basics:

What Is An Altcoin?

Simply put, an altcoin is an umbrella term for any alternative coin to Bitcoin.

You may see or hear coins being referenced by another category name such as tokens, stablecoins, scamcoins, or shitcoins, but fundamentally they are all different types of altcoins.

Why Do We Have Altcoins?

Bitcoin was the original cryptocurrency created using blockchain technology. Although the protocol is uniquely valuable, some people thought that Bitcoin was too slow...

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