Altcoin
Altcoin means any cryptocurrency that isn't Bitcoin. It's everything else—Ethereum, Solana, Cardano, and thousands of other tokens.
Understanding the Concept
Bitcoin's the king, but altcoins are where you can 10x or 100x your money (or lose it all). They're higher risk, higher reward. Some altcoins solve real problems (Ethereum's smart contracts, Chainlink's oracles). Most are worthless cash grabs that'll go to zero. The altcoin market moves in cycles. When Bitcoin's consolidating, altcoins pop off (alt season). When BTC's dumping, alts dump harder. When BTC's pumping, altcoins often bleed against BTC while still going up in dollar terms. You need different strategies for alts vs Bitcoin. Alts require tighter stops, quicker exits, and way more research into teams, tokenomics, and actual utility.
Real-World Example
You bought Solana at $8 in 2020 because you believed in the tech. It hits $260 in 2021. That's the altcoin dream. But you also bought 10 other alts that went to zero. Portfolio management matters.
How Strykr Helps
Strykr tracks Altcoin developments across the crypto ecosystem. Our AI provides real-time insights and alerts to help you navigate the market with confidence.
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