Altcoin: Meaning and Price of the Best Cryptos

Published: December 21, 2021 by Andrew

There are over 9,000 cryptocurrencies on the market and they are almost all altcoins. The term Altcoin is a generic way of referring to tokens other than Bitcoin.

This market offers incredible investment opportunities and is highly diversified. Each cryptocurrency has its own network, its own history and its own project.

In this guide we will see which is the best Altcoin on the market and we will show you what their main characteristics are.

But now let’s see how to buy Altcoin:

  • Register with a regulated CFD Broker like eToro
  • Make a deposit and choose the altcoin that interest you
  • Start investing

Thanks to CFD Brokers you can invest in altcoin and in a safe way, because you will use trading platforms with regular licenses.

The best cryptocurrency platforms on the market are listed below, choose freely:

Platform: etoro
Min. Deposit: 50€
License: Cysec
  • Social Trading (Copy the best)
  • Simple and intuitive
  • ➥ Start
    1star 1star 1star 1star 1star
    Platform: xtb
    Min. Deposit: 100€
    License: Cysec
  • Free demo
  • Whatsapp Group
  • ➥ Start
    1star 1star 1star 1star 1star
    Platform: iqoption
    Min. Deposit: 10€
    License: Cysec
  • Free demo without limitations
  • Minimum deposit low
  • ➥ Start
    1star 1star 1star 1star 1star
    Platform: ubrokers
    Min. Deposit: 250€
    License: Cysec
  • Free Training
  • Zero Commissions
  • ➥ Start
    1star 1star 1star 1star 1star
    Platform: trade
    Min. Deposit: 100€
    License: Cysec
  • Free demo
  • Free course trading
  • ➥ Start
    1star 1star 1star 1star 1star
    72.30% of retail CFD accounts lose money
    Platform: forextb
    Min. Deposit: 250€
    License: Cysec
  • Free trading course
  • Free trading signals
  • ➥ Start
    1star 1star 1star 1star 1star

    Altcoin Meaning

    The meaning of altcoin is simple, it derives from the term “alternative coin” and was adopted at the beginning of the history of cryptocurrencies, shortly after the launch of Bitcoin.

    The first cryptocurrency was revolutionary and all the others were in some way alternative projects to BTC and always had to relate to the market leader.

    The difference in terms of value, capitalization and economic power of Bitcoin compared to all other cryptocurrencies is still considerable.

    But it is not certain that the situation will always remain like this.

    There are many analysts who believe that Bitcoin will likely be overtaken by one of the emerging cryptocurrencies (which may not yet be under the radar of investors) or the second in the ranking: Ethereum.

    Investing in cryptocurrencies is certainly one of the most profitable investments in the world, but you have to choose the right altcoins, they are not all business!

    How to Buy Altcoin

    Before discovering which are the best altcoins in the world, let’s find out how to buy cryptocurrencies on the market.

    There are various types of intermediaries that allow you to invest in altcoins and below we have outlined the main ones: Cryptocurrency Exchanges and CFD Brokers.

    Let’s discover together the strengths and weaknesses of the two methods:

      Cryptocurrency Exchange CFD Broker
    Pros
    • You “really” own cryptos
    • Safe and Authorised
    • You can invest both upward and downward
    • No commissions
    • No crypto theft
    • Immediate transitions
    Cons
    • Commissions
    • No license
    • You can only invest upwards
    • Safety problems
    • Slow transactions
    • You don’t “really” own cryptos

     

    Summarizing further we can say that:

    • Exchanges are expensive (there are commissions to be paid), unsafe (they suffer frequent cyber attacks) and allow you to earn only in the event of a rise in prices
    • CFD brokers, on the other hand, are safe and regulated, they do not charge commissions and also offer the possibility of earning when prices fall

    Buy Altcoin with the best platforms

    If you want to make investments in safety and, as you have seen, CFD brokers are certainly the ideal choice.

    Among these intermediaries, it is necessary to rely solely on brokers in possession of regular licenses, preferably provided by CONSOB or CySEC, of very prestigious supervisory bodies.

    It is true that on some cryptocurrency exchanges you can find a wider choice of altcoins but the advantages of online brokers are undoubted, especially if you are interested in speculating in the short term.

    The best brokers for investing in altcoins and trading online are: eToro, ForexTB and Trade.com

    After choosing the platform you prefer you can:

    • Buy an altcoin to earn from the increase in the price of the coin
    • Sell an altcoin to profit from the drop in the price of the coin

    When you decide to close the transaction, the profit obtained will be net.

    Let’s see the features that make these intermediaries the best choice for investing in altcoins:

    eToro

    eToro is the most used online broker in the world, has convinced over 20 million users and can count on numerous operating licenses in Europe.

    The trading platform is perfect for trading altcoins, it is intuitive, fast and with the ability to study the trend of cryptocurrencies on the charts.

    To buy altcoins you need to register with eToro, select the altcoin on the platform, click on “Trade”, decide whether to buy or sell the cryptocurrency and how much to invest in the single operation.

    For traders looking for an investment system, this Broker is the perfect choice.

    eToro invented Copy Trading, a system that allows you to copy what the best eToro traders do. You will select them in the “People” area and Copy Trading will copy all their investments back to your account.

    To use Copy Trading just follow these 3 steps:

    1. Register on eToro
    2. In the “People” section, choose the traders to copy, based on their returns, filtering (if you want) those who invest in cryptocurrencies
    3. With a click, Copy Trading will copy the operations of the chosen traders into your account

    At that point you will get the same returns as these trading experts (in proportion to the investment made), below we have reported some of the traders that you could copy, they are just examples but they give a good idea:

    etoro traders copytrading

    Click here and choose which trader to copy

    ForexTB

    ForexTB we have selected it because it offers a series of free services that facilitate online trading, especially for less experienced users.

    The first we want to point out is the Trading Course that this Broker has decided to offer for free. It is an ebook that explains the basics of online trading and the most profitable strategies on altcoins.

    The pdf is totally free, here is the official link to download it:

    Click here and download the trading course for free

    To put the notions learned in the course into practice, ForexTB offers two trading platforms, both suitable for altcoins:

    • Metatrader 4 is a platform with numerous tools available, which meets the needs of the most experienced traders
    • The web platform is simple and accessible from any browser, without downloading any software

    How do you buy altcoins with ForexTB? Follow these simple instructions:

    1. Register on ForexTB
    2. Make a deposit of at least € 200
    3. Select the platform you prefer
    4. Search for the altcoin you are interested in and click on Buy or Sell
    5. Decide how much to invest in the operation
    Sign up for free on ForexTB

    Trade.com

    If you are looking for an even lower deposit threshold, we offer you a CFD Broker that allows you to open an account with only € 100: Trade.com

    Trade.com offers a very simple platform for investing, which opens you up to markets around the world.

    You can invest in Stocks, Indices, Commodities, Forex, Cryptocurrencies and ETFs. There are no commissions and no government stamps, no hidden costs.

    We propose this alternative for those investors who wish to choose directly where to invest their money.

    To start, there is an excellent Trading Course that will guide you step-by-step in the world of online trading, download it from the link below, it is a free ebook:

    Download the free course by clicking here

    Before depositing the € 100 you can practice in the free Demo account provided by Trade.com, it is identical to the real one but you do not risk anything!

    Click here to sign up for free on Trade.com

    Best Altcoin: the first 10 in the world

    The top 10 altcoins in the world by market capitalization are the most important cryptocurrencies that are currently chosen and traded by major international investors.

    We have only excluded Tether (USDT) because being a stablecoin it does not offer the possibility of speculation, its price remains unchanged and anchored to that of the US dollar.

    So let’s start with the list of the top 10 altcoins in the world:

    Ethereum (ETH)

    Ethereum is the second largest cryptocurrency ever and the first of the altcoins.

    We are talking about a colossal project, which has given rise to an incredible number of other cryptocurrencies based on its blockchain.

    DeFi and Smart Contracts have caught on thanks to this network and many analysts believe it is the main candidate to overtake Bitcoin (someday).

    • The native token of the Ethereum network is ETH
    • Market capitalization is close to $ 280 billion
    • The trading volume in the 24h exceeds 33 billion dollars
    • The total working capital of ETH is over 115 million tokens.
    Click here to buy Ethereum without commissions

    Binance Coin (BNB)

    Binance Coin is the token issued by the largest cryptocurrency exchange in the world to self-finance.

    The exchange in question is Binance obviously and the idea of the token started as a sort of “discount coupon” on the commissions of the cryptocurrency exchange giant.

    Given the number of Binance users, the token took effect and its value crossed the borders of the exchange, becoming the third largest cryptocurrency in the world by market capitalization!

    • The native token of the Binance network is BNB
    • Market capitalization exceeds $ 80 billion
    • The trading volume in the 24h exceeds 5 billion dollars
    • The total working capital of BNB is over 154 million tokens.
    Click here to buy Binance Coin without commission

    Ripple (XRP)

    Ripple is one of the historical altcoins, which for years has been on the podium of the most capitalized cryptocurrencies on the market but has recently been overtaken by BNB.

    Ripple’s project is based on the creation of a network to transfer money faster and more securely.

    The company is currently under investigation by the SEC for issuing shares in the form of tokens, but analysts believe a solution will be found.

    • The native token of the Ripple network is XRP
    • Market capitalization exceeds $ 75 billion
    • The trading volume in the 24h exceeds 15 billion dollars
    • The total working capital of XRP is over 45 billion tokens
    Click here to buy Ripple without commissions

    Cardano (ADA)

    Cardano is a direct rival of Ripple, in fact this project also has the same intent as XRP, namely to create a decentralized blockchain infrastructure that allows you to move money quickly, economically and securely.

    The scalability and efficiency of the Cardano network has allowed this altcoin to become one of the most traded cryptocurrencies in the world.

    • Cardano’s native token is ADA
    • Market capitalization exceeds $ 45 billion
    • The trading volume in the 24h exceeds 5 billion dollars
    • The total working capital of ADA is close to 32 billion tokens
    Click here to buy Cardano without commission

    Polkadot (DOT)

    Polkadot is one of the brand new altcoins that have forcefully made their way into the top ten of the most capitalized cryptocurrencies in the world.

    Its project is very ambitious, in fact it wants to offer itself as an alternative to Ethereum and its network allows you to make customizations and changes of all kinds, giving freedom to developers.

    • The native token of the Polkadot network is DOT
    • Market capitalization exceeds $ 39 billion
    • The trading volume in the 24h exceeds 2 billion dollars
    • The total working capital of DOT is over 929 million tokens
    Click here to buy Polkadot without commissions

    Dogecoin (DOGE)

    Dogecoin is one of the most controversial altcoins on the market, some analysts believe that its value is excessive compared to the project, but what matters is the law of supply and demand.

    The demand for this cryptocurrency is always very high and its success is certainly not only thanks to the cute Shiba Inu dog that is depicted in the logo.

    The project dates back to December 2013, but has currently been significantly expanded, also thanks to the large number of supporters who promote it.

    • The native token of the Dogecoin network is DOGE
    • Market capitalization exceeds $ 31 billion
    • The trading volume in the 24h exceeds 34 billion dollars
    • The total working capital of DOGE is over 129 billion tokens
    Click here to buy Dogecoin without commissions

    Litecoin (LTC)

    Litecoin needs no introduction, together with Ethereum and Ripple it is one of the historical altcoins, created to solve the problems of slowness of Bitcoin transactions.

    The cryptocurrency was created in 2011 with a “light” version of the Bitcoin blockchain and immediately achieved great success.

    The maximum limit of Litecoin that will be placed on the market is 84 million and it uses a much more modern and rapid cryptography than its cousin BTC.

    • The native token of the Litecoin network is LTC
    • Market capitalization exceeds $ 19 billion
    • The trading volume in the 24h exceeds 7 billion dollars
    • The total working capital of LTC is over 66 million tokens
    Click here to buy Litecoin without commission

    Uniswap (UNI)

    Uniswap is an altcoin with a very complex network, created to promote DeFi and the use of smart contracts.

    It is based on the Ethereum blockchain, like many other cryptocurrencies but thanks to its scalability it has become one of the most used choices for making exchanges and transactions quickly and securely.

    • The native token of the Uniswap network is UNI
    • Market capitalization exceeds $ 20 billion
    • The trading volume in the 24h exceeds 1.1 billion dollars
    • UNI’s total working capital is over 520 million tokens
    Click here to buy Uniswap without commissions

    Chainlink (LINK)

    Chainlink is a very special altcoin because it provides an indispensable service for the proper functioning of smart contracts and DeFi.

    Decentralized applications, in order to function properly, need a network that provides them with reliable, secure and tamper-proof information.

    Chainlink has created this network with nodes called Oracles, which provide this information and which Decentralized Finance cannot do without.

    • The native token of the Chainlink network is LINK
    • Market capitalization exceeds $ 17 billion
    • The 24h trading volume exceeds $ 3.6 billion
    • LINK’s total working capital is over 419 million tokens
    Click here to buy Chainlink without commissions

    Bitcoin Cash (BCH)

    Bitcoin Cash is one of the so-called “forks” of Bitcoin, derivations from the original blockchain, created to improve the functioning and remove the limits of the native project.

    This altcoin split into two cryptocurrencies in 2018: Bitcoin Cash and Bitcoin SV which took different paths.

    • The native token of the Bitcoin Cash network is BCH
    • Market capitalization exceeds $ 17 billion
    • The trading volume in the 24h exceeds 7 billion dollars
    • BCH’s total working capital is over 18.7 million tokens
    Click here to buy Bitcoin Cash without commissions

    Altcoin Value

    The value of the altcoins depends on the project as the value of a company depends on the fundamentals and not on the share price. A clear example are Vechain, Solana and Polygon.

    It is not easy to assess the real value of a cryptocurrency because the projects are often complex and difficult to analyze, but the capitalization and the volume of trading can provide useful elements for judging.

    Altcoin Price

    The price of altcoins, on the other hand, can also be totally independent of the value and can fluctuate based on the interest of investors, the company’s ability to promote the cryptocurrency and, as in the case of Binance Coin, the power of the company that created the token.

    Altcoin Euro

    Altcoins, like the main world economic assets, are quoted in US Dollars but to know the price in euros you need a simple conversion.

    The famous CoinMarketCap site allows you to view quotes directly in Euros, for greater convenience.

    altcoin

    Conclusions

    In this guide we have explained what altcoins are, how to invest in these cryptocurrencies and which are the best in the world.

    As with any asset, even to invest in altcoins you need to diversify and not focus on a single token. In this way the returns will certainly be more constant.

    Carefully evaluate the project when choosing the altcoins to buy, the price is not the only variable that you need to take into consideration.

    As we have seen, CFD brokers are an excellent choice for investing in altcoins, they are safe, reliable and without commissions.

    Furthermore, the intermediaries we have proposed allow you to practice also in Demo, so as not to risk your money while studying the best strategy for investing in altcoins.

    Here are the official links to access the Demo accounts of the best trading platforms for altcoins:

    What is the meaning of Altcoin?

    Altcoins are the “alternative coins” or the alternative cryptocurrencies to Bitcoin.

    What value do altcoins have?

    The value of the altcoins depends on the project underlying the cryptocurrency but capitalization can provide a rather useful indication.

    What does the price of altcoins depend on?

    The price depends on many factors, but is based on the law of supply and demand.

    How to invest in altcoins?

    To invest in altcoins you can use CFD brokers such as eToro, they are safe and offer very simple platforms to use.

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