Types of Cryptocurrencies: From Bitcoin to Altcoins and beyond (2024)

FAQs

What are all cryptocurrencies aside from BTC called? ›

In fact, cryptos that aren't Bitcoin are usually considered an “also ran” – what are called “altcoins,” or alternatives to Bitcoin. While Bitcoin may have been the first major cryptocurrency to hit the market – it debuted in 2009 – many others have become highly popular, even if not quite as large as the original.

Altcoins, also known as alternative coins, refers to any cryptocurrency that's not bitcoin. Although some of these digital tokens may operate similarly to bitcoin, they are built on different blockchain networks. There are thousands of altcoins, which are typically created with a specific purpose in mind.

4 Types Of Digital Currency: Pros And Cons. Digital currency is rapidly gaining popularity in the world of finance and commerce. There are four main types of digital currency: Cryptocurrencies, CBDCs, Virtual Currencies, and Stablecoins.

Bitcoin and ethereum dominate the global cryptocurrency market cap in the top two spots. Beyond them, BNB, solana and XRP jostle for position among the top 10 cryptos.

4 types of blockchain networks are the main ones: Public, Private, Hybrid, and Consortium blockchains. Public blockchain networks are open to anyone and have no restrictions.

The most popular ones include Bitcoin, Ethereum, Tether, Cardano, and more. There are different categories of crypto including mining-based coins, stablecoins, memecoins, and security tokens.

Because Bitcoin remains the principal cryptocurrency, other major altcoins such as Litecoin do tend to follow its price trends. Litecoin's creator, as well as other adherents, have referred to Litecoin as the silver to Bitcoin's gold.

“Everything other than bitcoin,” Gensler told me, “you can find a website, you can find a group of entrepreneurs, they might set up their legal entities in a tax haven offshore, they might have a foundation, they might lawyer it up to try to arbitrage and make it hard jurisdictionally or so forth.” In other words, ...

Which coin is next Bitcoin? ›

Ethereum (ETH)

After Bitcoin, Ethereum has established itself as one of the most dominant forces in the crypto market.

Established titans like Bitcoin and Ether are going to be portfolio mainstays. But rising stars like Solana and Injective are also vying for a piece of the digital future. Prepare yourself, as 2024 promises to be a profitable year for crypto investors.

The future of money is expected to be heavily influenced by technology. Predictions include the rise of cashless societies, the growth of cryptocurrencies, the continued adoption of digital currencies, and the potential offering of a Central Bank Digital Currency (CBDC) by governments.

So far in 2024, Bitcoin (CRYPTO: BTC) has attracted much of the attention of crypto investors, thanks primarily to all the buzz surrounding the launch of the new spot Bitcoin ETFs.

Bitcoin is the first and one of its kind cryptocurrency. It includes all other types of digital currencies, including bitcoins. Bitcoins are primarily used for storing value and making payments. Cryptocurrencies can be used for different purposes like supply chain management, smart contracts, payment systems, etc.

The world's first cryptocurrency, Bitcoin, has the largest market capitalization. Its established network, limited supply, and growing institutional adoption make it a relatively safe haven in the volatile crypto market. Bitcoin grew by 155% from the start till the end of 2023.

NFT stands for non-fungible token. It's generally built using the same kind of programming as cryptocurrency, like Bitcoin or Ethereum, but that's where the similarity ends. Physical money and cryptocurrencies are “fungible,” meaning they can be traded or exchanged for one another.