Categories/Type of Cryptocurrency
- There are thousand of cryptocurrency out there that are being bought and sold in the crypto market every day, and it’s hard to know what type/categories of cryptocurrency they should be classified as
- So, I have prepared 6 different categories that I think can help people to identify and know about the categories of most of the crypto that currently exist right now
- Here are the categories of crypto:
1.Bitcoin
2.Alternative coin (Altcoin):-
-Privacy coin
-Stablecoin ( Fiat,Crypto and commodities collaterized and algorithmic stablecoin)
-DeFi token
-Utility token
-Exchange token
-Security token
-Platform coin
-Central Bank Digital Currency (CBDC)
-Internet of Thing (IoT) token
-Crosschain token
-Governance token
-Gaming Token
3.Memecoin
4.Sh*tcoin
5.Deadcoin
6.Non-Fungible Token (NFT)
(The list above still can be changed or updated from time to time)
- You might be asking yourselves why the altcoin section has another category below it. Well, Alternative coin or altcoin is basically any crypto other than Bitcoin. I could say anything below that altcoin section is an altcoin, from the privacy coin down to NFT section. But I have different opinions about altcoin meaning, so maybe you guys can read about it in the next article
- I will explain all of the crypto categories in a simple and short manner in a future article to make sure it is understandable for most of the readers
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