Today in 2020 there are more than 5,000 altcoins currently in circulation in the market, and it is very important to learn and educate yourself about many aspects of a coin before ever investing. You must understand that you could lose your entire investment at the drop of a hat when investing in altcoins. It is very easy to get wrapped up in the emotions of large gains or moon boying FOMO because of the low price of many altcoins. Each altcoin has a different use case and we suggest researching the team behind the development of projects so you know who is behind it and what their motivation is for building. Coinmarketcap.com and coingecko.com are great places to find consolidated information and stats about altcoins. Always verify the information and especially if you are getting that information from social media.
Will there be an altcoin that ever takes over Bitcoin dominance? Leave your opinions in the comments!
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