Simply put Altcoin is the combination of two different words “alternative” and “coin”. They refer to other cryptocurrencies in use aside from bitcoin. This means that any other cryptocurrency aside from the popularly known bitcoin is refer to as alt coin. Get all latest news updates on altcoins, site reviews, investment site and price updates.
Examples of altcoins are Ethereum, Bitcoin Cash, Bitcoin Gold, Monero, Litecoin, Dash, Ripple etc. The alt coin Bitcoin Cash is the second most expensive cryptocurrency in the market but its selling price is far less compare to bitcoin.
The question now is why are alt coins important, why can’t we just maintain using bitcoin and ditch altcoin. Well it seems there are some reasons why these coins should be around. Let’s see some reasons below.