How altcoins such as ether captured more and more of the crypto market

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The cryptocurrency market was worth more than $1.6 trillion by the end of the July 2021. And bitcoin controls more than 47 percent of that market, according to Tradingview.com, down from more than 70 percent at the start of 2021. Altcoins, or alternatives to bitcoin, have surged in number and value since 2018. Crypto networks with advanced technologies such as Ethereum, Polygon and Uniswap have captured more and more of the crypto market. And there's also stablecoins, utility coins and meme currencies like Dogecoin. Here's how altcoins work, and why they're becoming a larger and larger force in the crypto market.

"Everybody's trying to do something that hasn't been done before," Mati Greenspan, Quantum Economics founder and CEO, told CNBC in an interview.

Altcoins fall into several different categories. There are technology platforms such as ethereum, the blockchain that ether is built on and that provides the underpinnings for the growing

 

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Altcoins only purpose is to separate you from your Bitcoins.

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How you going to tax something that you have no control over and used worldwide? They're only going to be able to tax its u.s residents and even then most will prob go to offshore unregulated exchanges.

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You mention DOGE coin before XRP, great journalism!

This is gambling den currency. Is the world playing rowlett?

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