Are altcoins a speculative investment?

Still, for lack of a better designation, the basic definition of an altcoin is any crypto asset other than Bitcoin. Here’s a look at the top 10 altcoins by market capitalization, excluding stablecoins. We’ve excluded stablecoins since they are designed to maintain a stable price and are not typically considered to be a speculative investment.

What should you know about altcoins?

Here are the two key things to know about altcoins. Altcoins are a highly speculative and volatile investment. Speculation is a powerful driver of the crypto markets so it's important to do your research before investing in any altcoin. Half-baked whims and trading based on rumors are exactly what the experts advise against.

What is a legendary altcoin season?

A legendary altcoin season is when cryptocurrencies outperform bitcoin and see their prices surge by as much as 100 times, he said. This event typically occurs once a year or once every three years. Once bitcoin hits a peak price point, altcoins tend to enter a bull market a few weeks or months later.

Should you invest in Bitcoin or Altcoins?

This also means that Bitcoin has more of a track record, which may be more appealing to long-term investors who may see newer altcoins as a riskier investment. That said, because altcoins aim to be more advanced than Bitcoin, they may be the preferable option for some.