Ready to diversify your portfolio? Then let's discover how to buy altcoins.

Cryptocurrencies offer plenty of ways to get involved in the market. At the time of writing, over 19,000 cryptocurrencies and dozens of blockchain platforms are traded on almost 600 exchanges worldwide. 

New cryptocurrencies are emerging daily and pushing inferior cryptos far from the top. Even though it may seem shaky, the market is still constantly growing. More and more entrepreneurs, investors, companies, and even governments are resorting to crypto as a way to fight against recession.
At the time of writing, [BTC](/coins/btc) held just a little over 46% of the total market cap of all cryptocurrencies. A few years ago, this number was almost 75%.
Bitcoin is hugely admired mostly by long-term holders. However, alternative coins or 'altcoins' are becoming more and more popular amongst short-term investors since their price is more prone to changes.

Altcoins come in various forms but finding the hidden treasure isn’t an easy task. 
The thing that makes certain altcoins more worthy – and attractive – is the possibilities they offer outside of BTC. 
Here are some popular altcoins by market cap.

Ethereum (ETH). First and foremost, ETH is a ledger technology on which users can build programs (DApps) and smart contracts. It has a more extensive supply and a quicker block processing speed.

Litecoin (LTC) - Known as Bitcoin's wingman, LTC shares similar features with the largest cryptocurrency but operates on a different algorithm.
Cardano (ADA). Third-generation, decentralised proof-of-stake (PoS) blockchain platform made to be a more efficient alternative to proof-of-work (PoW) networks such as Ethereum
[Polkadot (DOT)](https://polkadot.network/). DOT envisages aiding developers to construct their own blockchains and integrate them with each other 

## How to Buy Altcoins: Step-by-Step

To buy altcoins there are a few steps that need to be taken. There are many platforms on which you can buy altcoins. The process for buying may slightly differ, but the steps are mostly similar.
While we’d recommend beginners to use exchanges to protect from fraud, advanced traders can purchase altcoins over-the-counter directly from owners.

## Let’s get into the seven main steps of getting you altcoins

Step 1: Decide on the percentage of your crypto portfolio allocation
Even though altcoins are risky, that doesn’t mean they aren’t worth investing in. Therefore, separating your portfolio into different risk layers is good, especially if you plan to play with not-so-famous coins.

Step 2: DYOR to find the best altcoin for your needs
There are many factors to consider when buying an altcoin, such as wanting a brand name, wanting a native cryptocurrency or crypto that exists on a platform. It is also good to check if there is an official website and active subreddit of the specific altcoin you want to buy, what's the volume, is it supported by a wallet, and, of course, can it bring an actual profit.

Step 3: Exchange fiat to crypto
Most exchanges don't support USD purchases, so it's essential to buy supported cryptocurrencies in order to exchange them for the desired altcoin. Some exchanges support depositing assets via credit cards, purchasing stablecoins, and then trading that for the altcoin.

Step 4: Choose an exchange
Finding more crypto exchanges that offer wanted trading pairs is of utmost importance.  
Some important points to consider when selecting an exchange are their reputation, fee level, and are there any reports on previous hacking or bugs.

Step 5: Finding you a currency pair
Connect your Web 3.0 wallet storing the altcoins to the exchange. Watch closely for the trends of the currency pair and its performance for some time (one to three months is optional) before executing the trade. That’s how you will make sure you make the trade at the best moment. 

Step 6: Execute the transaction
When you are ready to execute, go to the chosen exchange and place your order. If you are placing the order for the first time, take some time to learn more about how placing orders work for the desired altcoin.

Step 7: Put purchased altcoins into a wallet
If you are buying to hold for the longer term, place your altcoins into the wallet. Remember, if there is only a tiny amount of altcoins, putting them into your wallet could lead you to lose since gas fees are usually high for the repeated transfer.


How to Buy Altcoins

It seems that the battle between some similar cryptocurrencies, such as [Dash](https://coinmarketcap.com/currencies/dash/) or [Litecoin](/coins/ltc), is always on. Both are different cryptocurrencies, but with recognisable characteristics.
While Dash focuses mainly on privacy-based transactions and enabling instant payouts globally, Litecoin (LTC) targets not only transaction speeds, but also a no-fee policy that lets people anywhere use the currency without any restrictions.

First and foremost, Dash is the first-ever privacy-focused cryptocurrency. It became popular as a means of payment for legal and illicit activities since it had the possibility for payments to be transacted entirely anonymously.

Created by Charlie Lee in 2011, LTC gained traction as a cryptocurrency that could be transacted quickly and cheaply. It was also known as one of only a few cryptocurrencies that could be mined without using expensive hardware or graphic cards.
Since every cryptocurrency has its own advantages and disadvantages, let’s name a few.

Dash crypto developed a unique reward system that incentivises Masternodes and stands for the whole ecosystem.
With it, users can send money across the globe for minimal fees while, at the same time, enjoying the highest possible security through a so-called “PrivateSend” feature.

However, there are some rumors within its community regarding its dispersion. Because approximately two million coins were distributed between developers, community members question its decentralisation.

On the other hand, Litecoin is a peer-to-peer network that removes all the need for intermediaries such as central banks. The nodes are globally spread, so the price cannot be impacted by anyone responsible for the individual node.
The LTC network is also very scalable and can process 56 transactions per second. The transactions are fast, so the hacking attempts are pretty much impossible. 

Still, there are particular worries regarding its credibility. While Charlie Lee stands for a respected persona within the industry, his popularity deteriorated after withdrawing from the payment processing platform Litepay.

## Dash or Litecoin: Which is a Better Investment?

Some argue that what puts Dash in the lead of numerous altcoins is its extreme transaction speed enabled via InstantSend, with which you can send payments for confirmation in under a second. Compared with the scaling issues that have troubled LTC and other cryptos, that makes Dash a little bit more interesting to traders.

However, we must agree that both coins have a long-term and HODL prospect. As always, it is essential to DYOR and choose accordingly.
The question between these two has been discussed for a long time now. There are some fundamental differences between the two cryptocurrencies we mentioned earlier, and one should be aware of them if planning to invest. 

The price of both tokens is somewhat similar. At the time of writing, Dash stood at $42.42 while LTC was $45.32.


Dash or Litecoin? Crypto Comparison

BTT crypto was launched in 2019 via an initial exchange offering (IEO) on Binance's Launchpad platform in two separate sales. One included buyers paying with the token native to the Tron blockchain, TRX, and the other for buyers paying with Binance's token, BNB.

As a TRC-10 utility token, BTT crypto empowers the characteristics of some of the globally accepted decentralised protocols and apps.
The most popular dApps driven by BTT crypto include BitTorrent Speed, BitTorrent File System, DLive, and others that are being prepared. The token utilizes the BitTorrent protocol, once the most extensive file-sharing protocol for sharing and transferring.
Supported by a solid and high-bandwidth open blockchain, the BTT crypto token managed to tackle the convenience issues of establishing a hybrid consensus mechanism.

According to the official description, the cryptographic procedures behind BTT crypto lean on the 'zero-disclosure evidence and mathematical consistency' of the whole blockchain-enabled transaction. It adds this is able to be cross-checked with any data or message being revealed to the other part in the transaction.
Security issues are, therefore, restrained first. The credit goes to the making of the Zyro protocol by BTT, which also became perceived as one of the main protocols of DeFi.

One of the main characteristics that beat others is that it guarantees liquidity and a breakneck speed of transactions on the network.
This apparent trend makes it unique when relating it to other Ethereum-based DeFi protocols and, simultaneously, makes room for more mining. Thus, it would not be too much to say that one of the crucial functions of tokens is being a promoter for implementing smart contracts and transferring funds.

BitTorrent Inc. platform was introduced in 2001 by founder Bram Cohen, who is also a creator of a file-sharing system with faster download speeds and no copyright issues for large files. It also enables interoperability with networks such as Binance Smart Chain and TRON. After developers ran the mainnet of BTTC with BTT redenomination, BTT started supporting [Ethereum](/coins/eth), TRON, and Binance Smart Chain.

The use-cases of new tokens include the coin acting as a validator on the BTTC network and staking on BTTC to get rewards. It also has a significant role in the governance of the BTTC community, and one can pay gas fees with it as well.
At the time of writing, [BTT crypto price was hovering around $0.000857](https://coinmarketcap.com/currencies/bittorrent/) with a circulating supply of 990.00B and the total supply of 990,000,000,000 BTT. The market capitalisation stood at $847,790,125.

On January 18, the BitTorrent token price was trading above $0.000002994. However, a correction happened after that, and the coin plunged to the low of $0.0008532. The all-time high record stands at approximately $0.000003054.

## Is BTT a Good Investment?

There are numerous opinions about whether the token would be a good investment or not. It surely can be viewed as a high-risk one-year investment option if you are looking for cryptocurrencies with good returns. Some argue that it could reach $0.0000010 by the beginning of December 2025. The expected maximum price stands at $0.0000018, while the minimum price is $0.0000012.

According to some famous crypto investors – something interesting may happen.

WalletInvestor commented that BTT crypto should plunge to $0.000000194 in a year's time, while Gov.capital thinks BTT could be worth approximately $0.0032 in a year and $0.0233 in five years' time.

DigitalCoinPrice predicts Btt crypto could hover around $0.00202 in May 2023 and $0.00319 by May 2024.

The BitTorrent prediction for 2025 is an average of  $0.00296 per year. The approximate value in 2026 could fall to $0.00266, and in five years, the token could rise to an average of $0.00341. The site's prediction for 2030 stands at $0.00692.

Potentially, the token might be a good investment, however. As it seems, analysts say it could act quite bearish in both the long and the short term.

However, some analysts think BTT will rise progressively and consistently during the next few years. Others argue that the price will keep on falling.
The truth is, nowadays, the whole crypto market is highly volatile, meaning huge price swings can happen within seconds due to stricter legislation, dog-eat-dog nature, the evolution of new technologies, simple trade, and market sentiments.


BTT Crypto: BitTorrent Token Price

After the crypto market went south, it seemed that [Axie Infinity](https://axieinfinity.com/) coin would follow. However, on June 14, it jumped by 4.5%, and after losing some progress, it continued its growth. At the time of writing, the Axie Infinity coin was up by 11.9% to $14.60, leaning towards the bulls.
The rise can be explained by the release of Axie Infinity: Origin, launched in early access mode. Players are enabled to test the new game for free by simply signing up and downloading the Sky Mavis Hub. Origin enacts numerous highly-requested upgrades, including junctural turns, revamped components, and improved gameplay.

According to the latest official reports, Origin has registered more than 600,000 accounts and is being launched in four phases/seasons.
Furthermore, there is a plan to start with a change in balance according to its fundamentals. Afterward, it will proceed with the introduction of Smooth Love Potion (SLP) rewards and NFT Runes/Charms.

Also, it plans to introduce the crafting feature for mentioned [NFTs](/news/category/nft-news), and users will be enabled to mint on Ronin and transact on the marketplace.
According to the analytics and the recent market situation, it seems Origin is helping the rise of the token.
AXS is characterised as a non-fungible token-based online video game created by Vietnam-based studio Sky Mavis, famous for its in-game economy that utilizes Ethereum-based cryptos.

Players are enabled to accumulate and mint NFTs which exist in the form of axolotl-inspired digital pets known as Axies.
Axie Infinity coin (AXS) is powered by an Ethereum token, and players there can fight, collect, and create a digital land for their Axies. Holders can also obtain rewards for staking tokens, just playing and are even encouraged to engage in key governance votes.

## Is the Axie Infinity coin part of a pyramid scheme?

In 2021, when play-to-earn games, including Axie Infinity, became a huge sensation, success seemed imminent.
More so, Philip La, the product chief of the world-famous Pokémon GO, decided later to join the Sky Mavis team.

The truth is, Origin was made to revive the plummeting sector. Just for example, the number of daily average users (DAU) was almost 3 million in 2021 and the floor price of Axies hovered around $400 during the happy times.

But not to be too harsh, the other similar NFT projects went through an almost cloned scenario. Some studios even abandoned projects because of the state the market is currently in.
Be that as it may, these events have led many people to question the chances of survival for this model. Is Play-to-Earn (P2E) form really dead, or is it just another pyramid scheme?

To speed up the whole process, an investment model, also known as the pyramid scheme, usually depends on money paid by new members to earn profit for older players/investors. So, rather than release a product or service that makes money, investors must depend on registration fees paid by new members.
London School of Economics fellow Frank Muci claims Axie Infinity is a typical pyramid scheme example with no “structural sources of demand” for the utility token Smooth Love Potion (SLP).

“By and large, no one is playing for the fun of it. Instead, people in developing countries just log on day after day and grind for hours because their outside option is even worse, for now,” Muci asserted.

Philip La, however, commented that Sky Mavis’ focus is on making their players want to play the game, not only because of profit but also because it’s fun.
“We’ve emphasised numerous times, the fun game component must come first. If players are not willing to spend to play, progress, and express themselves in the game, then all the burn mechanisms in the world won't matter since players won't want to spend on them," La said.

According to the Axie Infinity’s white paper, the game’s plan is to evolve into a decentralised autonomous organisation (DAO), enabling complete community governance.

One thing is sure - AXS is living up to the Web 3.0 gaming ideas because players can earn it to live in the metaverse. The question is now – will Axie Infinity prove to be strong enough to keep up with the evolving play-to-earn economy


Axie Infinity Coin: Origin a Gamechanger?

It is alt season crypto time, when cryptocurrency investors look to diversify portfolios with altcoin buys.
Bitcoin may get all the headlines, but there are plenty of other coins out there - alternative coins or 'altcoins' - for alt season crypto investing.
Here are considerations when you think about diversifying your crypto portfolio into altcoins.

## Investing in altcoins

[Investing in altcoins](https://solberginvest.com/blog/invest-in-altcoins/#:~:text=The%20Best%20Way%20to%20Invest%20in%20Altcoins%20for,Decide%20where%20you%20want%20to%20buy%20the%20altcoin.) is a great way to diversify your portfolio while still gaining exposure to Bitcoin. While Bitcoin is the dominant coin in the crypto market, altcoins have much less liquidity than Bitcoin.
Therefore, smaller traders can have a larger impact on their direction. Also, you can ride a wave of early investment when an altcoin project is just getting started.

New exchange listings, product releases, partnerships, and tech developments can also drive up the price of an altcoin.
Some consider investing in Bitcoin the safest option because altcoins can have volatile and erratic values. Because altcoins are new to investors, you'll want to do your homework to avoid being scammed or losing money.

## Researching altcoins

Before investing in altcoins, it is necessary to do your research. First, you should analyse the project's feasibility and possible exit scams. Make a mistake and you may end up losing substantial amounts.
Also, you should not invest in altcoins just for the sake of stacking them.

Fundamental analysis: While fundamental analysis requires technical knowledge of crypto and blockchain, it can give you a good idea of what a certain altcoin is worth. This type of analysis looks at the underlying story of a cryptocurrency and its management team.
In addition, it may include factors like competition, tokenomics, and partners. Ultimately, it will help you decide whether a particular altcoin is worth investing in or not.

## Alt Season Crypto Investing

When it comes to investing in altcoins, it's important to diversify your portfolio to minimise your risk of total investment loss.
Investing in one altcoin alone will not protect you from complete loss. It is best to spread your capital across several altcoin projects, as the price of one can spike. Investing in crypto during altcoin season can be a lucrative opportunity, but you should be prepared to sell to realise potential profits.
The reason why investing in altcoins is such a good idea is because these currencies are experiencing a period of extreme volatility. The biggest contributor to this volatility is the emergence of smart contracts and the DeFi boom.

Altcoins have seen significant growth in previous years, but with the way the markets are right now, there is a risk of substantial losses or reduced growth at the very least.
The general rule is that the best time to invest in altcoins is before they reach a major price peak.

## Investing in altcoins to diversify a portfolio

Investing in more than one cryptocurrency is a good way to diversify your portfolio. You can choose a different crypto every time you see a good price and invest a portion of your money in that asset.
To get started, you can invest in several different cryptocurrency projects and choose a handful that has a good reputation.
To diversify your portfolio, you can invest in stablecoins pegged to traditional assets. These coins are often used as a hedge against market volatility. There are other ways to diversify your portfolio, too.

One way is by regional diversification. This means investing in various crypto projects around the world.
Time diversification is another option. In this case, you can invest in several different coins over a long period, or dollar-cost averaging.

## Investing in altcoins to increase [Bitcoin](/coins/btc) holdings

There are many reasons to invest in altcoins. Unlike Bitcoin, these currencies are not intended to be traded for a profit. They are designed to solve various issues that make Bitcoin unsuitable as an investment vehicle.

Experts agree that crypto is here to stay. Indeed, the Biden administration has emphasised the need to regulate this industry.
Moreover, blockchain technology continues to hold massive potential in various industries.

Before investing in any digital currency, do your research. It is crucial to understand the risks and rewards associated with each altcoin.
Some may be scams or are simply not as trustworthy as Bitcoin. If you're not sure about the risks involved in an altcoin, read a white paper or consult with a financial advisor. This way, you'll know which cryptocurrencies will increase in value and which ones will only decrease in value.


Alt Season Crypto Investments

Staked ether (stETH) is a cryptocurrency with the same monetary value as Ether. However, it has been trading at a widening discount to the second-largest cryptocurrency in recent weeks, stoking the fires of a liquidity crisis in the crypto market.

The stETH discount first appeared last month, when the Terra blockchain network and its stable coin UST crashed the crypto markets. Since then, stETH has typically traded at a 2-3% discount, but on Friday, stETH dipped as low as 0.92 ETH, representing an 8% discount to ether.

## Why is Staked Ether on a downtrend?

According to Ape Board, a portfolio analyst from the blockchain intelligence firm Nansen, Celsius, a crypto lender that has been under fire after it blocked withdrawals last weekend, claiming "extreme market conditions," has 409,260 stETH tokens, worth nearly $470 million at current rates.

Analysts at Huobi Research Institute, the research organisation of the Huobi crypto exchange, Johnny Louey and Andy Hoo, claimed in a report Tuesday that Celsius had previously lost over $71 million from staking stETH on Stakehound because Stakehound mishandled the keys.
The concern now is that Celsius may be forced to liquidate its Staked Ether, incurring significant losses and putting more pressure on the token resulting in a downtrend.

Concerned Celsius customers began a quick wave of redemptions at a pace of roughly 50,000 ETH per week, according to the report, and the platform was desperate for liquidity.

stETH, like many other aspects of cryptocurrency, has been caught up in a maelstrom of negative headlines impacting the industry.

Higher Federal Reserve interest rates have sparked a flight to safer, more liquid assets, resulting in liquidity concerns at big corporations in the industry.

Further, Elon Musk, the CEO of Tesla and SpaceX, was sued for $258 billion by a Dogecoin investor on Thursday. According to the complaint, Warren Buffett, Bill Gates, and others have questioned the worth of Bitcoin.

Investors are concerned that the drop in the value of stETH may affect even more crypto participants.

[Ethereum](/coins/btc) just finished its much-anticipated merger dress rehearsal. The event's performance speaks well for Ethereum's upgrade, which investors estimate to happen in August. But there's no telling when it'll happen - it's already been postponed several times.
The most recent updates on Ethereum's testnets have been favorable, giving those waiting for the Merge greater confidence. 

So, when withdrawals are ultimately authorised, any discount in stETH will most likely be arbitraged away, but there will still be some discount until that unknown date occurs.



Latest Moni

Crypto Coin News | Page 9

Read the latest crypto coin news.

How to Buy Altcoins

Dash or Litecoin? Crypto Comparison

BTT Crypto: BitTorrent Token Price

Axie Infinity Coin: Origin a Gamechanger?

Alt Season Crypto Investments

Staked Ether Crises Due to Crypto Liquidity

Criticism of Justin Bieber NFT promotions

Revolut News: Bank approved to offer crypto in EEA

Cudos funding round secured over £10 million