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Author Topic: Do we Need Altcoin?  (Read 96 times)

AishwaryaDas

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Do we Need Altcoin?
« on: July 09, 2022, 04:32:48 PM »
The world of digital currencies is growing exponentially, with new altcoins being created all the time. While some may be novelty coins with little genuine value, others may have unique features that make them more useful or desirable than traditional fiat currencies.

Itís important to remember that not all altcoins are created equal. Some may be more stable and have greater potential for growth than others. Itís also important to be aware of the risks associated with investing in altcoins Ė some may be unstable and have low liquidity, meaning theyíre difficult to trade.

That said, there are a number of reasons why people may choose to invest in

indianCrypto

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Re: Do we Need Altcoin?
« Reply #1 on: July 10, 2022, 04:28:37 PM »
There are a lot of projects right and upcoming projects, altcoins are one of the use cases to achieve their goals or to solve problems.
If their roadmap or goals in the future will solve some current problems and there's help on our current situation especially in financial, then I support them.
There are also some altcoins that will help the cryptocurrency industry, especially the wider adoption of Bitcoin.

hunter_garl

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Re: Do we Need Altcoin?
« Reply #2 on: July 11, 2022, 04:43:41 AM »
Regardless of how you choose to trade, it is important that you do so wisely. Check out different altcoins and compare. If you are looking to invest in altcoins, now is a good time if you can identify and choose the right one. The upside is there Ė but the volatility and the risk too.

Make sure you are aware of both before starting your investment journey. Remember, there is no guarantee you will succeed, but by being smart at trading, researching your coins, and constantly monitoring them, you can at least give yourself a better chance of making a profit.

Review_Master2

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Re: Do we Need Altcoin?
« Reply #3 on: July 11, 2022, 09:12:15 AM »
There's a lot of sector in cryptocurrency thatís still discovered and this is the reason why we need altcoins. A single cryptocurrency canít cover all that market because it's enormous. The only problem on altcoin nowadays was many new altcoins being mint just to copy existing project idea with th sole purposed of accumulating funds from investors. These are the altcoins that not needed anymorethat you are describing but altcoins is vital ingeneral because it is the product of crypto innovation.

cashisking86

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Re: Do we Need Altcoin?
« Reply #4 on: July 12, 2022, 06:06:52 PM »
There is some real potential in some altcoins but many are absolutely useless and offer no real world use case. Just memes and pump and dumps. Bearing in mind there are more than 20,000 cryptos listed on CMC you could probably bin off 98% of them.

 

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