Best Altcoins to Buy Right Now in October 2023

As of 2023, there are approximately 20,000 cryptocurrencies on the market. The total accumulated crypto market cap has surpassed $2 trillion USD, and trading volumes can reach over $75 billion daily. Hundreds of millions of investors all across the globe are buying crypto assets.

Suppose you’re looking to buy altcoins to build a solid portfolio of digital assets as the world moves to a more digitized way of life. In that case, finding time to research the best altcoin projects, read whitepapers, and do technical analyses on altcoin charts can be difficult. In this guide, we’ll list and review what our analysts consider the top altcoins to watch now and where to buy altcoins safely on a regulated crypto platform.

Best Altcoins to Buy October 2023 – Top 10+ List

Bitcoin Minetrix ($BTCMTX) – Top Altcoin that Can be Used for Mining BTC
Meme Kombat ($MK) – Emerging Meme Token with AI-generated Battles and Betting
TG.Casino ($TGC) – Telegram Casino Project with a High Potential Altcoin
Launchpad XYZ (LPX) – Leading Token That Simplifies Web 3
yPredict (YPRED) – A Crypto Powering an “All in One” AI Ecosystem
Chimpzee (CHMPZ) – Emerging Altcoin with an Eco-Friendly Concept
Wall Street Memes (WSM) – Trending Memecoin With a Surging Demand
Cardano (ADA) – Backed by a Solid Proof-of-Stake Blockchain Platform
Ethereum (ETH) – The first altcoin ever released, second oldest to Bitcoin
Ripple (XRP) – Backed by a Global Digital Transaction Network
Solana (SOL) – A Relatively New, Fast-growing, and Greener Alternative to Larger Altcoins
Binance Coin (BNB) – A Utility Coin Based on its Own Exchange Platform
Litecoin (LTC) – First Altcoin out after Bitcoin, Launched in 2011
Stellar (XLM) – Blockchain Network providing Enterprise Solutions to Financial Institutions

Best Altcoins Reviewed – Analysis

Many of the best altcoins to buy now that we review are listed on the FCA-regulated crypto platform eToro.

eToro is a social trading platform where you can network with other investors for thoughts on the altcoin markets and prices, even those that aren’t yet available to buy on the platform.

Below we take a closer look at what top altcoins to buy right now:

Bitcoin Minetrix ($BTCMTX) – Top Altcoin that Can be Used for Mining BTC

Bitcoin Minetrix is a promising altcoin with a unique approach to Bitcoin mining. It aims to make mining more accessible and secure through a method called stake-to-mining. This approach has garnered attention from crypto enthusiasts worldwide, creating buzz on social media and within the crypto community.

Bitcoin Minetrix introduces a special system for cloud mining, eliminating upfront costs and enhancing security. This means people can get into mining more easily. Instead of dealing with complex contracts, users can buy and stake $BTCMTX tokens to earn cloud mining credits. These tokens can’t be transferred and are used for mining or earning a share of the profits.

Users can choose to unstake their tokens and sell them on public markets whenever they wish. Despite being recently announced, the Bitcoin Minetrix presale has already raised a significant amount of money, showing great promise. Their presale goal is a little over $15 million, and they’re well on their way to reaching it. This project is definitely worth keeping an eye on in the world of cryptocurrency.

Visit Bitcoin Minetrix Presale

Meme Kombat ($MK) – Emerging Meme Token with AI-generated Battles and Betting

Meme Kombat is an altcoin that’s currently gaining significant traction, making it an appealing option for potential investors. Its popularity has surged in recent days, indicating a high level of interest. The project, featuring a captivating theme and concept, is poised for a strong performance upon its official launch.

At the core of Meme Kombat is a unique concept where meme-inspired characters engage in battles within an AI-controlled arena. This innovative blend of memes, play-to-earn (P2E) games, and artificial intelligence sets it apart, offering investors the potential for sustained growth.

In addition to the standard staking mechanisms, Meme Kombat introduces the combination of AI-generated combat, popular memecoin mascots, and betting. This allows players to place bets on characters or mascots from other popular crypto projects as they engage in AI-generated battles.

Players can also enjoy a passive staking-based Annual Percentage Yield (APY) of 112% by staking the native $MK tokens in Meme Kombat, in addition to the benefits from betting and gaming.

The current $MK token presale provides users with early access to half of the token supply before the official site launch. During this presale phase, the $MK token is priced at $1.667, with a maximum cap set at $10,000,000. This presents a limited-time opportunity for potential investors to get involved.

Visit Meme Kombat Presale

TG.Casino ($TGC) – Telegram Casino Project with a High Potential Altcoin

TG.Casino presents itself as an enticing altcoin investment option, appealing not only to passionate crypto enthusiasts but also to a broader audience in the gambling community. This project offers a standard casino experience but with a host of unique and captivating features. It has successfully transformed the user experience of online casinos, boasting a seamless interface and introducing the innovative concept of Telegram-based gambling.

The eagerly anticipated presale launch of the project’s native token, $TGC, has generated significant interest and is poised for strong performance. Furthermore, TG.Casino’s possession of a license from the Curacao Gaming Commission positions it favourably within the industry.

What sets TG.Casino apart is its integration with Telegram, eliminating the need for users to download additional software or applications to enjoy the platform. This accessibility, coupled with Telegram’s widespread usage, significantly reduces any issues that players may usually face while accessing similar platforms.

Active participation in TG.Casino can yield native $TGC tokens as rewards. These tokens hold versatile utility, serving purposes ranging from community development to affiliate rewards and passive income streams. With all these elements combined, the project emerges as one of the top choices in the current altcoin market.

Visit TG.Casino Presale

Launchpad XYZ (LPX) – Leading Token That Simplifies Web 3

Web 3 as a concept has grown a lot as of late, but it still remains beyond the reach of many. Technical understanding and the air of exclusivity have kept people on the sidelines – factors like these have fractured the adoption rate of Web 3.

Solving this issue is Launchpad XYZ. It is a Web 3 project combining all the decentralized space offerings on one platform. Users will access training modules, insights, and indicators that can turn them into better traders. Access to utilities like NFT creation and curation module is also present on Launchpad XYZ. Furthermore, additions such as P2E hubs, metaverse libraries, Web 3 wallet, decentralized exchanges, and more are also available on Launchpad XYZ.

Launchpad XYZ also offers tools that give users access to top-tier crypto presales and utility tokens by ranking them based on Launchpad Quotient. It is an in-house metric created by Launchpad itself that considers over 400 data points to discern whether a crypto project – NFT or token – holds potential.

Weaving this together in a comprehensive format so that users can pick and choose with Web 3 elements they want to interact with gives this project immense potential. Powering this vision to make Web 3 accessible is the LPX token. LPX is an ERC-20 asset with many utilities, including staking perks that reward users with more perks than just APY.

These aspects fuel the hype around Launchpad, leading to a successful presale launch. The Launchpad XYZ presale has already succeeded in raising more than $140k in less than a week. Click the link below to participate in this presale.

Visit Launchpad XYZ Presale

yPredict (YPRED) – A Crypto Powering an “All in One” AI Ecosystem

yPredict is a highly-rated crypto presale powering the world’s first “all-in-one” AI ecosystem. The platform offers highly advanced predictive models and data insights created by AI developers and Quants to help market participants get an edge in multiple verticals, including finance, health, and human resource.

AI Signals that offer real-time trading signals to users to make informed investment decisions
Sentiment analysis takes into account social variables when predicting an asset’s movements
Technical analysis that offers the most effective indicators for an asset, and
Chart pattern recognition that finds repeatable patterns in AI charts to accurately predict an asset’s movements

According to the official white paper, the project has been trusted and backed by VCs, which already gives a project on other fledgling crypto projects that are yet to entice institutions. Powering this project is a patent-pending pattern recognition algorithm that allows yPredict to find bearish and bullish candlestick patterns. Based on that information, the platform generates alerts and a reliability score that informs people about the expected price behavior of an asset.

yPredict is powered by the native crypto – YPRED. YPRED is an ERC-20 token that users can pay as a subscription fee to access the different facilities of the platform. Staking YPRED is also possible with rewards, including marketplace subscriptions, specialized AI signals, and more.

yPredict has the potential to help people navigate through the treacherous waters of the cryptocurrency space through its wide variety of tools. These features can potentially make it a 10x crypto of 2023.

The presale of the YPRED token is underway. It has the proper stages, and the fourth stage has already started. Over $400k has already been raised. So, early movers might want to consider parking their assets in an AI-powered ecosystem that may help people navigate the crypto markets easier.

Visit yPredict Presale

Chimpzee (CHMPZ) – Emerging Altcoin with an Eco-Friendly Concept

We are quite used to dealing with absurd and weird meme coins, which are a lot of fun. But, we hardly come across meme coins that offer tremendous utility and purpose. Chimpzee is one of those altcoins or meme coins, shall we say, that is arguably one of the most sought-after ones in 2023.

Chimpzee utilizes a part of the proceeds from its sales for societal contributions like planting trees and saving animals, among other charitable causes. Moreover, it walks the talk when it comes to environmental impact. It has already planted 20,000 trees along the Southwest Coast of Guatemala.

On the other hand, Chimpzee allows users to earn passive income on its platform through Shop-to-Earn, Trade-to-Earn, and Play-to-Earn. Moreover, Chimpzee’s NFT passports are gateways to an enriched crypto-earning experience. There are four passport tiers: Diamond, Gold, Silver, and Bronze, each offering various rewards and benefits. Passport holders enjoy staking benefits, CHMPZ token rewards, and a larger share of NFT Marketplace trading fee profits.

The Chimpzee presale program is live, and investors can get these tokens at 0.00069 USDT per CHMPZ. Additionally, early investors may win up to 125% free bonus CHMPZ coins.

Visit Chimpzee Today

Wall Street Memes (WSM) – Trending Memecoin With a Surging Demand

With many alternatives in the market for altcoins, another promising one is Wall Street Memes.

With a promising presale and an existing community of 400,000+ members, Wall Street Memes is there to stay. It is backed by the developers behind the Wall St Bulls NFT collection, which sold out within 32 minutes in 2021. Recently, the project also launched its own 420 pieces.

Apart from NFTs, the project has a good amount of credibility and trust. Elon Musk retweeted it and already has a fan following. The project’s founders are very dedicated to the project, and 100% of the $WSM projects are available for the community, with 50% available for presale, 30% for the community reward, 10% for CEX liquidity, and 10% for DEX liquidity.

The project completed its presale successfully, and is now available on the OKX exchange for trading. Interested investors can buy from there directly.

Visit Wall Street Memes

Cardano (ADA) – Backed by a Solid Proof-of-Stake Blockchain Platform

According to Cardano’s website, this proof-of-stake blockchain platform aims to empower “changemakers, innovators, and visionaries” to benefit the world. By “redistributing power from unaccountable systems to the fringes to people,” the open-source initiative also makes society more safe, transparent, and equitable.

Gerolamo Cardano, a 16th-century Italian polymath, was the inspiration for the name Cardano, which was formed in 2017. It is said that Ada Lovelace, a 19th-century mathematician generally recognized as the world’s first computer programmer, is the inspiration for the native ADA token. Owners of ADA tokens can participate in the network’s functioning thanks to the token’s architecture. As a result, users who own the cryptocurrency can vote on any modifications to the program that may be suggested.

According to the team behind it, decentralized applications and smart contracts can be built modularly thanks to the layered blockchain technology.

Charles Hoskinson revealed the Alonzo hard fork in August of 2021, leading Cardano’s price to soar by 116% the following month after the announcement. Alonzo, the first hard fork of the Cardano blockchain, will be live on September 12, 2021. The first 24 hours after the launch saw the deployment of over 100 intelligent contracts.

Other Cardano-based applications provide for the secure storage of educational credentials and detecting counterfeit goods by shops and agricultural enterprises.

Buy ADA

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Ethereum (ETH) – The first Altcoin Ever Released

The open-source blockchain platform Ethereum has its own native currency, Ether. Many additional cryptocurrencies and decentralized intelligent contracts can be run on the Ethereum platform.

Vitalik Buterin published a whitepaper outlining the concept of Ethereum in 2013. In the summer of 2014, Buterin and his co-founders raised money for the project via an online public crowd sale. Bitcoin raised $18.3 million, Ethereum’s ICO price was $0.311, with more than 60 million Ether being sold by the project team.

With the current price of Ethereum, your annualized return on investment (ROI) is over 270 percent, effectively quadrupling your investment every year since the summer of 2014.

After months of testing and development, the Ethereum Foundation, on July 30, 2015, formally published the blockchain under the codename “Frontier.” Some network upgrades have occurred since then: “Constantinople” on February 28, 2019, “Istanbul” on December 8, 2019, “Muir Glacier” on January 2, 2020, “Berlin” on April 14, 2021; and most recently, “London” on August 5, 2021.

With the stated objective of becoming a global decentralized application platform, Ethereum aims to enable programmers worldwide to create and operate software resistant to censorship, downtime, and fraud however they see fit.

Buy ETH

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Ripple (XRP) – Backed by a Global Digital Transaction Network

A cryptocurrency payment system developed by Ripple Labs Inc., XRP is the system’s native currency. Ripple has created a “digital asset intended for global payments” called XRP to compete with the banking sector. XRP might interest individual consumers and banks because of its cheap transaction fees. In addition to its ultra-low transaction fees, Ripple boasts a transaction completion time of under five seconds.

Chris Larsen and Jed McCaleb started the startup in 2012, based on Ryan Fugger’s work on the XRP Ledger. XRP Ledger is a peer-to-peer network-based open-source cryptographic ledger. Ultimately, McCaleb departed Ripple and developed Stellar, a payment-focused cryptocurrency.

As a result of the company’s name change to Ripple from OpenCoin, Ripple has established strategic alliances with major financial institutions such as Bank of America, Santander, and Standard Chartered. As a result of Ripple’s failure to comply with the Bank Secrecy Acts, the company was declared unregistered securities by US regulators very quickly. As of the beginning of 2023, this litigation has yet to be settled. The corporation has also been accused of deceptive advertising in its early days.

Buy XRP

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Solana (SOL) – A Relatively New, Fast-growing, and Greener Alternative to Larger Altcoins

The open-source Solana project uses the permissionless aspect of blockchain technology to deliver decentralized financial (DeFi) solutions. As of March 2020, the Solana Foundation’s headquarters in Geneva, Switzerland, has formally begun the project.

Decentralized applications (DApps) may be built using the Solana protocol. Staking and the blockchain’s underlying proof-of-history (PoH) consensus are coupled to increase scalability.

Small-time traders and institutions alike are interested in Solana’s novel hybrid consensus strategy. The Solana Foundation is particularly interested in expanding the reach of decentralized finance.

The current Solana price is $114.49 USD, with a trading volume of $2,968,665,857 USD in the last 24 hours. In real-time, we convert our SOL to the USD price. The price of Solana has dropped by 0.20 percent during the past day. There is a live market capitalization of $37,221,287,633 USD on CoinMarketCap. 325,110,998 SOL coins are in circulation, but the maximum supply is unavailable.

Buy SOL

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Binance Coin (BNB) – A Utility Coin Based on its Own Exchange Platform

Binance was launched in July 2017 and is now the world’s largest cryptocurrency exchange in terms of trading volume. Binance aims to put cryptocurrency exchanges at the center of global financial activity. The word “Binance” refers to a new financial paradigm known as “Binary Finance,” or simply “Binance.”

In addition to becoming the world’s biggest cryptocurrency exchange, Binance has created a whole ecosystem of features for its customers. Among the Binance network’s many projects is a chain of blockchain-powered projects called Binance Chain, which comprises the Binance Smart Chain, Binance Academy, Trust Wallet, and Research initiatives. Many Binance sub-projects rely heavily on BNB for their success.

Binance is a decentralized, blockchain-based network environment unlike any other. As a top cryptocurrency exchange in many countries, the company’s side organizations are also drawing attention.

Binance’s relentless pursuit of innovation is one of its most significant competitive advantages. While Binance began as a cryptocurrency exchange in 2017, the firm has expanded its services to include various industries. According to the business website, the goal is to be an infrastructure service provider for all blockchains.

Increased investor interest in BNB has been a side effect of the exchange’s coin debut. Beginning in 2021, BNB’s price increased significantly, putting it on the radar of business investors.

Buy BNB

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Litecoin (LTC) – First altcoins out after Bitcoin, Launched in 2011

The current Litecoin price is $131.51 USD, with a trading volume of $930,079,840 USD in the last 24 hours. The LTC to USD exchange rate is updated in real time on our site… The value of Litecoin has risen by 0.21% in the last 24 hours. CoinMarketCap’s current position is No. 21, with a current market capitalization of $9,199,867,922. One LTC currency is worth $0.01, and there are a total of 84,000,000 LTC coins available.

To deliver safe, rapid, and low-cost transactions, Litecoin (LTC) was created to use the unique qualities of blockchain technology.

Bitcoin (BTC) protocol was employed in creating the cryptocurrency; however, the hashing algorithm, hard cap, block transaction timeframes, and a few other aspects have been modified. Microtransactions and point-of-sale payments are well-suited to Litecoin, thanks to its fast block time and cheap transaction costs.

It was published on October 7, 2011, through an open-source client on GitHub, and the Litecoin Network went online on October 13, 2011. Since then, its use and acceptance by merchants have grown exponentially, and it has consistently ranked in the top 16 cryptocurrencies regarding market valuation.

A former Google engineer named Charlie Lee designed Litecoin as a “lite version of Bitcoin” since it has many of the same attributes as Bitcoin but is less in weight. Litecoin is a decentralized digital currency.

Buy LTC

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Stellar (XLM) – Blockchain Network providing Enterprise Solutions to Financial Institutions

Stellar is a decentralized open network that facilitates the transfer and storage of digital currency. Initially, one of its aims was to assist the global unbanked to become more financially included. Still, as time went on, the focus turned to enabling financial institutions to communicate with one another via blockchain technology.

By using lumens as a bridge to transfer assets across borders, the network makes it more affordable to do so. This is meant to pressure current payment providers, who often demand exorbitant rates for the same service.

If this seems familiar, remember that Stellar was initially built on the Ripple Labs protocol. A hard fork resulted in the creation of the blockchain, and the code was then modified.

The cost of tuition puts many people off. However, transaction fees on the Bitcoin and Ethereum blockchains have been known to skyrocket due to congestion, and this isn’t limited to fiat-based payment systems like PayPal.

Every transaction on Stellar costs only 0.00001 XLM. Due to the low price of this cryptocurrency, consumers can retain a more significant portion of their money.

Few blockchain startups have been able to establish collaborations with significant technological and financial institutions. As part of a partnership with IBM a few years back, Stellar and IBM launched World Wire. This project enabled big financial institutions to submit transactions to the Stellar network and trade using bridge assets like stablecoins.

In contrast to other blockchains, Stellar enables its users to vote on which projects should get community cash.

Buy XLM

Your capital is at risk.

What are Altcoins?

Aside from Bitcoin (BTC), any cryptocurrency is considered an altcoin or alternative coin. Many of these altcoins share certain features with the well-known Bitcoin; however, some have specific differences. To give you an idea, certain altcoins utilize a distinguishable mechanism of consensus to validate transactions or create blocks of chained data. Many altcoins use special contracts to provide unique capabilities, such as lowered price volatility, lotteries, etc.

Best Exchange to Buy Altcoins

When it comes to exchanges to trade altcoins, there are loads of exchanges one can use, each of which has its own unique features. Our top recommendation for a safe, regulated platform is eToro.

1. eToro

eToro, authorized by the Financial Conduct Authority (FCA), allows customers to purchase Bitcoin and more than 75 other cryptocurrencies through eWallets, PayPal, credit cards, bank transfers, and various other deposit options.

In numerous reviews across the globe, millions of investors and professionals have ranked it as the top crypto exchange for 2023.

eToro was formed in 2007 but recently extended its doors to US investors. Traders worldwide, including the UK, Australia, and Europe, were already using the site to trade crypto, FX, commodities, ETFs, etc.

Creating an eToro.com account simply takes a few minutes of your time. eToro’s design is essential and user-friendly compared to many other famous crypto exchanges. Thanks to its many helpful features, it’s a good choice for novices and experienced traders.

Visit eToro

Your capital is at risk.

How to Invest in Altcoins

Trade cryptoassets on eToro; there are two basic methods of doing so:

Contracts For Difference (CFD) allow you to trade in the price fluctuations of cryptoassets without actually owning them (CFDs). Investors and traders may benefit from the price movement of securities by using contracts for difference (CFDs).

Let’s have a look and see how these two methods compare.

Buy the Underlying Asset

Trading conventional money (US dollars) for crypto asset tokens like Bitcoin, XRP, or Litecoin is the only way to buy cryptocurrency and own the underlying asset.

In this case, eToro buys the token on your behalf and registers it into a separate account under your name.

You stand to gain if the value of your crypto asset increases throughout your ownership. You’ll suffer a loss, though, if the price drops.

The key benefit of this strategy is that you control the crypto assets. Therefore, the tokens are entirely in your possession and control. Using the tokens is as simple as putting them in your wallet, exchanging them for other crypto assets, sending them to friends, or using them to make purchases.

A $1,000 Bitcoin purchase may be used to pay for items at stores that accept Bitcoin.

Your crypto assets may be transferred to the eToro Wallet if you purchase the underlying asset on eToro. This is a multi-crypto, secure digital wallet that is simple to use. The eToro Wallet provides safe storage for your crypto assets and the ability to transfer and exchange crypto assets across wallets.

CFD Trading

Using a CFD, you are betting on the asset’s future price movement without owning it. Although you will benefit if the price of Bitcoin increases by purchasing $1,000 worth of Bitcoin CFDs, you will not own any BTC tokens. You can do this at platforms with perpetual futures pairs like Crypto.com.

The use of CFDs to trade cryptocurrencies has two fundamental benefits. CFDs allow you to trade either way – you can benefit from both upward and negative price changes.

For example, if you anticipate that the price of a cryptoasset is likely to climb, you’d initiate a BUY CFD transaction. If, on the other hand, you anticipate a decline in the value of a cryptoasset, you would sell a CFD contract (a strategy known as “selling short”).

You may also utilize leverage with CFDs to increase your exposure. It is possible to manage $1,000 with only $500 of leverage. This implies that earnings might be increased (but also the potential for higher losses). When trading CFDs, you don’t own any cryptocurrency. In other words, you can’t put them in your wallet or use them to make purchases.

Why Buy Altcoins?

If you’re going to invest in crypto and you have the time to do your homework, you should think about investing in altcoins. While Bitcoin is generally used as a store of wealth, certain altcoins have a more comprehensive range of applications than Bitcoin does. Regarding cryptocurrencies, altcoins might experience a higher price rise if they catch on.

Investing in cryptocurrencies comes with some drawbacks. Investing in cryptocurrencies might be difficult since there are so many options. Altcoins are more risky, and many lesser ones are questionable investments or frauds. We’ve listed some verified altcoin projects on our crypto presales page.

To sum it up, if you’re a cryptocurrency trader who prefers to do their own research, you should look at altcoins. Cryptocurrency stocks are a better option if you’re searching for a lower-risk or less time-consuming investment. It’s essential to remember that taking on too much risk isn’t encouraged. So, even if you decide to purchase alternative cryptocurrencies, they should only make up a tiny portion of your portfolio.

Risks of Buying Altcoins

Even though they might seem harmless, altcoins have a couple of downsides, especially regarding risk.

The investment market for altcoins is much smaller than that for Bitcoin, meaning they will be much less stable. A study in 2021 stated that Bitcoin takes up around 42% of the whole crypto trading market. It is because of the lack of regulation and precise investing requirements that the altcoin market has low liquidity. Consequently, compared to Bitcoin, the price of these cryptocurrencies is more volatile.

Altcoins and their use cases are not always simple to differentiate, making investment choices even more complicated. We’ve also seen loads of altcoins killed out due to them not holding their initial success. “Dead” cryptocurrencies have been known to sink investor funds, and the more altcoins come out, the more familiar it will be for these coins to die out.

How Much Should You Invest in Altcoins

If you want to invest in Altcoins, you must remember that it takes good knowledge to understand how the market works. It’s also essential to closely monitor your assets due to the high volatility. When it comes to how much to invest in these kinds of assets, it all depends on how much money you can dispose of. The best mentality to go at altcoins with is that where the money you invest is not necessary for you to live, and it’s good to place it into your portfolio with the thought that you’ll lose it all.

Not that likely; anyone could possibly lose everything in an altcoin portfolio; however, it would not be a wise choice to put “necessity money” in these cryptocurrencies, since they can be surprisingly volatile. If you have an investment savings portfolio, splitting it in half between Bitcoin and other altcoins would be wise since it is much more stable. It can give you a vague idea of any patterns other cryptocurrencies can take after.

Our recommended pick is Bitcoin Minetrix which has a strong utility. The project can potentially become one of the best top gainers in the space.

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FAQs

Which altcoins will explode in 2023?

Bitcoin Minetrix (CCC:BTCMTX), Decentraland (CCC:MANA), Flux (CCC:FLUX), Ripple (CCC:XRP), & Polygon (CCC:MATIC), are five of the fastest growing cryptocurrencies across 2023.

What does altcoin mean?

The term “altcoin” or alternative coin, simply means any cryptocurrency token that is not bitcoin, but shares similarities with it like operating through blockchain ledgers.

Is Dogecoin an altcoin?

Dogecoin (DOGE), is an open-source, peer to peer crypto asset. It is deemed as an altcoin while also making it in the list of the biggest meme coins ever.

What are altcoins used for?

Altcoins are used for the same purpose as bitcoin, on a much smaller and more volatile scale. They’re made to use blockchain as a distributed public ledger which records incorruptible transactions through consensi that the transactions are legitimate.

Will altcoins go up?

Altcoins will not only go up, they will also go down, then they could go up again, and down again, and up again, and so on. No one could really possibly predict the future of any altcoin with 100% accuracy, however if there’s one thing we know for sure, it’s that people are making a lot of money through them.

How to find promising altcoins?

Finding the right altcoins to invest in can be tough. Best way to determine the safety, legitimacy and future of an altcoin is through online reviews, as well as reading their whitepapers, observing their market patterns, and looking deep into individual projects that have more than just a cryptocurrency to trade in their minds.

How to find promising altcoins?

How many altcoins are there?

There are approximately 20,000 altcoins on the market right now.

Why altcoins drop when bitcoin drops?

BTC dominance can directly affect altcoins, as it showcases how much of the market's trading volume is in BTC vs. how much of the trading volume is in altcoins. Generally, if Bitcoin dominance is up, then traders recommend one has more of their crypto holdings in BTC than in altcoins