TYPES OF COINS IN CRYPTO:

cryptocurrencies can be broadly categorized into:

1. Coins: Cryptocurrencies like Bitcoin ($BTC ) and Ethereum ($ETH) that operate on their own independent blockchains.

2. Tokens: Cryptocurrencies like Tether (USDT) and Chainlink ($LINK ) that operate on top of other blockchains (e.g., Ethereum or Binance Smart Chain).

3. Stablecoins: Cryptocurrencies pegged to stable assets like the US Dollar (e.g., USDT, USDC).

4. DeFi tokens: Used in decentralized finance protocols, such as Uniswap (UNI) or Aave ($AAVE).

5. NFT-related tokens: Cryptos tied to non-fungible token platforms, like Axie Infinity ($AXS) or Sandbox ($SAND ).