How many types of altcoins are available in the market?
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With the growing popularity of cryptocurrency, how many altcoins are there in the US market right now, and what are the differences in their purpose?
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All the coins available in the market other than Bitcoin are altcoins. Altcoins are too many types, like:
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Stablecoins are coins with stable values. like USD coins and DAI.
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MemeCoin began as a joke but gained popularity over time. like Dogecoin
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Privacy Coin, similar to Zcash, protects user privacy by concealing transaction details.
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Platform coins are used to build and run decentralized apps such as Ethereum and Solana.
Layer 2 tokens, Asset-backed Tokens, Fork Coins, Governamce Tokens , Security Token, these are also altcoins available in the market.
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