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Om Namah Shivay
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#Altcoin101 Q.1 What is a Altcoin ? Answer:-Altcoin simply means “alternative coin” — any cryptocurrency other than Bitcoin. ✔️ What’s included in altcoins? Altcoins include many types of cryptocurrencies, such as: 1. Smart-contract platforms Example: Ethereum, Solana, Cardano These allow decentralized apps (dApps) and NFTs. 2. Utility tokens Example: Chainlink (LINK), Uniswap (UNI) Used for specific functions inside a project (governance, fees, rewards). 3. Stablecoins Example: USDT, USDC Pegged to stable assets like USD. 4. Payment coins Example: Litecoin, XRP Designed for fast and cheap transactions. Q.2 What is the difference between Bitcoin and other coins? Answer:- Here is the clear and simple difference between Bitcoin and other altcoins: 1.Technologia Bitcoin Very secure, simple, and stable. Uses Proof of Work (PoW) mining. Altcoins Many use faster or newer technologies like 2.Market Position Bitcoin Largest, most valuable, most trusted. Often used as a safe asset in crypto. Altcoins More experimental. Can give higher returns but also higher risk Q.3 What should beginners look for before investing in any altcoin? Answer:- Community Strength Check: Twitter/Telegram activity Genuine community (not bots) Real discussion, not just hype Strong communities support long-term growth. Q.4 Why are altcoins so volatile and move so quickly? Answe:- Altcoins are much more volatile than Bitcoin because they are smaller, less stable, and more influenced by market emotions. Here are the main reasons they move so quickly:New Technology & Uncertainty Altcoins are often new, experimental projects. Because they are unproven: High expectations = big pump Any problem/news = big dump
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