The word is shorthand for “alternate coin.” The term is appropriately used to refer to any cryptocurrency except Bitcoin. Some of the most well-known altcoins are Litecoin and the Japanese original Monacoin. Beyond USD-denominated prices, you may also track prices in your local currency and your local language.
DIME Diversifies Your Altcoin Exposure
- Founder Vitalik Buterin introduced visionary ideas that established Ethereum as a leading platform for smart contracts and decentralised applications.
- In this guide, we’ll explain what purpose altcoins can serve, what their advantages and disadvantages are, and what opportunities they offer you as a crypto investor.
- Every cryptocurrency listed on CoinGecko is manually vetted and curated by our operational team.
- Another example is the altcoin Ethereum (ETH), which increases its processing capacity through sharding.
- Altcoin is a portmanteau of “alternative” and “coin.” It refers to cryptocurrencies (value records) other than Bitcoin.
- An engaged community promotes the spread and adoption of the cryptocurrency through active discussions, usage and recommendations.
We provide the most comprehensive and most accurate data for thousands of cryptocurrencies including Bitcoin & Ethereum, and thousands of NFT collections. That’s why altcoin season will last much longer this time around. It’s not just the odd private investor investigating which cryptos could break into our current https://be.orbifina.com/ crop of top 10 cryptoassets by market cap. It’s entire investment bank trading desks, teams of analysts and vast swathes of new investors buoyed by the Coinbase bombshell listing to plunge feet first into crypto. The development team of an altcoin project plays a key role in its success.
We provide unbiased cryptocurrency data for the community, whether to help you make an investment decision or check the value of your crypto assets. Crypto prices on an exchange are driven by market condition, influenced by factors like liquidity, trading pairs, offerings, and economic conditions. As exchanges may sometimes show abnormal prices, the crypto community relies on CoinGecko to track prices accurately. A scalable technology can efficiently handle a growing number of users and transactions.
How to manage risk with altcoins
If Bitcoin loses nearby support, defense takes priority, and rallies often fade at prior intraday highs. A session that holds above its own volume-weighted benchmark with declining realized volatility offers cleaner entries than a chase into expanding ranges. BNB price slipped while volume expanded, a pattern that often represents larger orders executed into resting demand. Reports point to funding turning negative on several venues and basis compressing, two markers of forced positioning rather than steady accumulation. At time of writing in mid-April 2021, Bitcoin dominance has fallen to 53%, a two-year low. Altcoins began gaining sharply against BTC in early February 2017, with Bitcoin dominance declining from a peak of 86.5% to 38% by mid-June 2017.
Recent Funding Rounds
Analyse the tokenomics – the total and circulating supply, and how the tokens are distributed. When considering altcoins for investment, it’s crucial to conduct thorough research and evaluation. Is it innovative, and does it solve a particular problem in a unique way? A strong, experienced team can be a good indicator of the project’s potential. Getting into crypto can be daunting, if you’re new to cryptocurrencies you may benefit from our beginner-friendly articles and youtube videos.
Step-by-Step Guide: How to Deposit Bitcoin (BTC) to NBX under the Travel Rule
If you want to invest in altcoins, you’ll need a basic understanding of market trends in the crypto space. The prices of many cryptocurrencies, including altcoins, often follow Bitcoin’s movements. So in addition to metrics like your altcoin’s market capitalisation, you should also keep an eye on Bitcoin forecasts and trends. In 2013, Dogecoin (DOGE) was launched by Billy Markus and Jackson Palmer. The network is based on the Litecoin protocol and was originally created as a humorous project. The cryptocurrency aimed to build on Bitcoin’s success and attract a broader audience through its playful reference to the internet meme “Doge”.
Another example is governance tokens, which let you vote for the Web3 project’s future. Crucially, DIME’s index, the CoinShares-Compass Altcoins Index, tracks 10 different altcoins, as of October 15, 2025. This can be largely beneficial for folks looking to use DIME to gain access to the broader altcoin market. The fund could be in a strong position to benefit from long-term crypto innovation and altcoin momentum.