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Difference between meme coins $NOT and alt coins $BTC ?
Altcoins and meme coins are both types of cryptocurrency, but with some key differences:
**Altcoins (alternative coins)**
* All cryptocurrencies other than Bitcoin. This is a massive category encompassing a wide range of projects.
* Examples include well-established ones like Ethereum and Litecoin, with proven track records, to newer ventures with specific purposes (e.g., privacy coins, smart contract platforms).
* Aim to improve upon Bitcoin's limitations like scalability or transaction speeds.
* Can have a variety of functionalities and purposes beyond just being a digital currency.
**Meme coins**
* A specific sub-category of altcoins inspired by internet jokes or memes (e.g., $DOGE coin, Shiba Inu).
* Often created with the intention of capturing viral attention rather than solving a specific problem in the crypto space.
* Typically have a much higher degree of volatility and risk compared to established altcoins.
* May have limited real-world use cases or underlying technology.