Lesson 4: What are Alternative coins ?

What Are Altcoins?

Altcoins are any cryptocurrencies other than Bitcoin. The name “altcoin” stands for “alternative coin,” and this category includes thousands of digital assets—ranging from serious blockchain projects like Ethereum and Solana to more speculative or hype-driven tokens known as meme coins (like Dogecoin or Shiba Inu).

Some altcoins aim to improve upon Bitcoin’s design by offering faster transactions, lower fees, or smart contract functionality. Others power entirely new blockchain ecosystems and decentralized applications. However, many altcoins lack real-world utility or long-term potential.

Understanding the Risk

Altcoins are generally more volatile and carry higher risk than established cryptocurrencies like Bitcoin or Ethereum. Many are thinly traded, heavily influenced by hype, and can experience dramatic price swings. Meme coins, in particular, often rely on social media buzz and celebrity endorsements rather than solid technology or use cases.

Some altcoins have promising roadmaps and strong communities, but others may be poorly managed or even fraudulent. That’s why blindly investing in altcoins without research can be dangerous.

Movo’s Approach to Altcoins

At Movo, we support responsible and informed investing. We do not recommend buying altcoins—especially meme coins—unless you’ve done proper fundamental analysis. This means understanding the project’s purpose, technology, team, tokenomics, and long-term potential.

Our platform prioritizes security, transparency, and user education. If you choose to explore altcoins, we encourage you to do so with caution and a clear understanding of the risks involved.

Remember: Not every coin with a catchy name or viral moment is a good investment. Make sure it earns a place in your wallet—not just your feed.