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Moneycontrol

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Kotak Mutual Fund
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Crypto Learn: What are Altcoins?

Altcoins are all cryptocurrencies apart from Bitcoin and can be categorised into four types

December 02, 2021 / 12:09 PM IST
Crypto Learn: What are Altcoins?

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By definition, an altcoin is any cryptocurrency that isn't Bitcoin, which implies there are a lot of them. As per CoinMarketCap, there are over 14000 altcoins in the crypto market. And, given that Bitcoin presently accounts for about 40 percent of the overall crypto market cap, altcoins together represent more than half of the market's value. However, not all altcoins are made equal. Some coins cost pennies, while others are worth hundreds of dollars. Some have long-term potential, while others are...

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