The world of digital currencies is growing exponentially, with new altcoins being created all the time. While some may be novelty coins with little genuine value, others may have unique features that make them more useful or desirable than traditional fiat currencies.
It’s important to remember that not all altcoins are created equal. Some may be more stable and have greater potential for growth than others. It’s also important to be aware of the risks associated with investing in altcoins – some may be unstable and have low liquidity, meaning they’re difficult to trade.
That said, there are a number of reasons why people may choose to invest in
I definitely think that we need altcoins. I mean just imagine the whole crypto space without any altcoins. Then we would only have Bitcoin which means we would not have Ethereum and that would mean that we would also not have any smart contract functionality and i think that smart contracts are the one thing that really made the crypto space what it is today. Without them we would not have Defi, no yield farming, no staking, no tokens, no NFT's and also no DEXE's like uniswap or pancakeswap.
Bitcoin basically invetend the whole crypto currency thing but in my opinion altcoins are now way more important for the crypto space then Bitcoin itself.