
Beyond Bitcoin: Untapped Altcoin Potential For Portfolio Diversification
Venturing beyond Bitcoin can feel like stepping into a whole new world of digital currencies. That world is populated by altcoins – a vast and diverse landscape offering potential investment opportunities, technological innovation, and unique use cases. But navigating this landscape requires understanding what altcoins are, their purpose, their risks, and how they differ from the original cryptocurrency. Let's dive in and explore the exciting and often complex world of altcoins.
What are Altcoins?
Altcoins, short for "alternative cryptocurrencies," are any cryptocurrency other than Bitcoin. They were created to improve upon Bitcoin’s limitations or offer entirely new functionalities. Altcoins represent a broad spectrum, ranging from coins mimicking Bitcoin's codebase to those with complete...