There are over a thousand companies and stocks listed on major U.S stock exchanges. Despite tech giants like
Apple (APPLE) and
Google (ALPHABET) having near trillion dollar valuations, its has not taken away from the other approx
20,000 other stocks sold on various exchanges:
https://www.quora.com/How-many-publicly-traded-companies-are-in-the-world.
There are only only approx
900 Altcoins in the world compared to
20,000 U.S stocks.
Bitcoin (BTC) has a valuation of approx $40 Billion USD but smaller Altcoins like
FOOTYCASH (FOOT) and
Tatoocoin Limited Edition (TLE) have seen
5000% increases in the past week.
Are Altcoins becoming the new penny stocks?For me altcoin is much better than " new penny stocks ", it's changed alternative payment and investment platform becomes more challenge and profitable. Altcoin maybe can't replace currency as major investment but coins are not penny stocks. You can see their price action, volume that's sometimes become reason why we choose altcoin as an investment. Don't loose faith about altcoin but never replace your money on wrong coin, you'll lose anyway. Good luck.