Altcoin prices reflect the degree to which the large majority of cryptocurrency investors trust in Bitcoin. Basically, an investment in any altcoin from Ethereum to Litecoin and Monero is a bet against the technical limitations of Satoshi Nakamoto's design.
Though there are plenty of cryptocurrencies that simply copy the Bitcoin code and change a few parameters, the market also provides innovative projects which seek to implement new ideas from the fields of cryptography, computer science, economics, and law.
While some altcoins offer quicker transaction validations or more privacy, others are focused on enabling smart contracts, facilitating the creation of decentralized applications, and tokenizing other assets. Therefore, given this technological diversity, it's important to follow altcoin prices as a way of understanding to which extent the research, development and innovation in the field is trusted by the free market.
Crypto Insider will keep you updated on the prices of altcoins such as Ethereum, Monero, Ripple (XRP), Litecoin, Bitcoin Cash, EOS, Stellar, Cardano, Tezos, TRON, NEO, and BAT.