Understanding Altcoin Traders
An altcoin trader is an individual who trades altcoins, which are cryptocurrencies other than Bitcoin.
Altcoins are considered alternative digital currencies built on blockchain technology, utilizing different consensus mechanisms for transaction validation.
Altcoin developers often promote their tokens as offering advantages over Bitcoin, such as faster transaction speeds and lower fees.
Many altcoins compete with Bitcoin for market capitalization, aspiring to surpass its dominant position in the cryptocurrency market.