Well, as you start your journey in the cryptocurrency universe beside having at least a basic understanding of what CrytpoCurrencies and Crypto Assets are.

In other words, you need to have an idea about the different types.

While it’s true that there are coins and tokens which are all considered cryptocurrency, for the purposes of this, we are going to try to help you identify the differences in cryptocurrency from a market capitalization perspective.

To Learn More About What Cryptocurrency Is, Click Here

So, what exactly does that mean?

Most investors in this space break up the cryptocurrency coins into two major groups; Big Coins or Altcoins.

⇒  Big Coins are generally referred to as coins with a market cap of $1 Billion or more.

⇒  They are well established.

⇒  It has likely been around for a period of time.

⇒  It generally has large company, media and market support.

⇒  They have a large user base. So, there is a community of investors supporting this coin and it has wide scale adoption.

Alcoins are pretty much everything else.

⇒  Generally speaking, they have a market cap that is less than $1 Billion.

⇒  They are usually built “on top” of other platforms.

⇒  These coins can usually worth less money initially and be purchased for a lot less money because they generally come with much more risk.

However, with this increased risk, often comes the opportunity for high returns on your investments. But realize, it doesn’t mean it will!

So, it’s time to do a little bit of homework.

Yes, I said it, do your homework.

Remember, you are responsible for you and your investments… you are responsible for your success and failure.

So, let’s get you in a position to succeed…

I would like for you to head over to Coin Market Cap. This is my favorite platform to monitor the latest information on all the coins in the cryptocurrency space.