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Altcoins are cryptocurrencies other than Bitcoin (BTCUSD). They share characteristics with Bitcoin but are also different in other ways. altcoin alert altcoin daily For example, some altcoins use a different consensus mechanism to produce blocks or validate transactions. Or they distinguish themselves from Bitcoin by providing new or additional capabilities, such as smart contracts or low price volatility.
altcoin trader As of November 2021, there are over 14,000 cryptocurrencies. According to CoinMarketCap, Bitcoin and Ether alone accounted for nearly 60% of the total cryptocurrency market in November 2021.1 So-called altcoins made up the rest. Because they are often derived from Bitcoin, altcoin price movements tend to mimic Bitcoin's trajectory. However, analysts say the maturity of cryptocurrency investing ecosystems and the development of new markets for these coins will make price movements for altcoins independent of Bitcoin's trading signals.
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