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Should I invest in Altcoins?

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Firstly, let’s discuss the term ‘altcoins’. Altcoin or alternative coin is a term designated for any coin other than Bitcoin. The first altcoins launched in 2011, and, by now, there are thousands of them. Early altcoins aimed at improving aspects of Bitcoin such as transaction speeds or energy efficiency. More recent altcoins serve a variety of purposes depending on the goals of the developers. Altcoins now account for nearly 80% of coins available in the cryptocurrency market.

There are several different types of altcoins, including stablecoins, mining-based coins, staking-based coins, and governance tokens. The type of altcoin depends on how it works and what its purpose is. Here are the main types of cryptocurrencies you’ll find when researching altcoins. Popular forms of altcoins include: Ethereum, USD Coin, Dogecoin, Cardano, and Namecoin.

Now, many platforms allow traders to buy, hold and sell altcoins. However, each of these platforms comes with different privacy policies and features. Thus, the best altcoin exchange depends on several factors, including buyer preferences.

One such altcoin that is soon to be launched is $COMET. Comet is a token that will work within the Orbit World Metaverse and will allow users within the metaverse to make payments, purchases, gain loyalty points to name a few. To learn more about comet, go to: comet.online

SOURCE: 1. https://www.fool.com/investing/2022/08/27/still-possible-become-a-millionaire-with-crypto/

2. https://cointelegraph.com/altcoins-for-beginners/altcoin-exchange-101-a-comprehensive-guide-on-how-to-buy-and-sell-altcoins