5 altcoin types you should know (and what they do!)

Memecoins

- Inspired by internet culture and memes - Built for community and hype

Memecoins

- Highly volatile with large or unlimited supply

Stablecoins

- Pegged to real-world assets like USD - Designed to reduce price volatility

Stablecoins

- Useful for trading, payments, and savings

Utility Tokens

- Give access to products or services in a blockchain ecosystem

Utility Tokens

- Often linked to the growth of a specific project

Governance Tokens

- Let holders vote on project decisions - Common in DAOs (Decentralized Autonomous Organizations)

Governance Tokens

- Voting power managed via smart contracts

Privacy Coins

- Focus on anonymous transactions and user privacy

Privacy Coins

- Hide sender, receiver, and transaction details