The emergence of altcoins (alts) in the crypto space has led many to believe that there are enormous opportunities for trading in the crypto space. The major players in the crypto industry for ages have been Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB), occupying a huge market capitalization in the industry.
The emergence of smaller coins, known as alts, has led to other great coins like the memecoins hitting the market as many millionaires and billionaires are produced every bull market. This quest to become financially free in the crypto space has caused many to look for potential altcoins to buy.
Other Reading: Top 5 AI Altcoins To Accumulate For Bull Run
What Are Altcoins
Altcoins are derived from the two words “alternative” + “coins”; there are smaller cryptocurrencies other than Bitcoin. Most people consider these smaller cryptocurrencies as alternative coins because they were derived from Bitcoin and Ethereum, with most of these smaller coins using consensus mechanisms to validate transactions on the blockchain network.
Most of these alternative tokens are designed and pushed into the industry by developers with diverse visions and purposes for using these crypto tokens.
Alternative tokens attempt to improve the shortcomings of other cryptocurrencies and blockchains they compete with.
How Many Altcoins Are There
There are over 23,000 alternative coins in the market, although this number could be more as there are still inactive tokens in the market. Here are common types of alternative tokens you could see. There are
- Payment Tokens
- Stablecoins
- Security Tokens
- AI Tokens
- Memecoins
Top 7 Alternative Coins To Buy In 2023
There are thousands of altcoins in the crypto space, but we will be focusing on the ones with the most potential in 2023 as these coils produce the next millionaires in the crypto space. The tokens include
- SingularityNET (AGIX)
- Ocean Protocol (OCEAN)
- Fetch.ai (FET)
- Injective Protocol (INJ)
- Stacks (STX)
- Stargate Finance (STG)
- Optimism (OP)
Where To Buy Altcoins
All of these tokens can be purchased and traded on
Image from Analytic Insight
