I wrote a post yesterday about meme coins doing better than Alt. There was a pretty good argument that memes are also altcoins.
Then again, these comments made me start thinking. Are Altcoins really memecoins and why did you think so?
'Alt' was a way to capture everything that's not Bitcoin into 1 cesspool. Not much discussion needed:
Not your keys = not your Bitcoin
Not Bitcoin = alt
Easy.
perhaps you're very correct, just the way every industry has there own terminologies for communication so we have here in the bitcoin community hence altcoin is a word coined to describe coins that exist in the space that are not bitcoin. Altcoin is absolutely any coin/ token that is not believing but has same type of attribute that bitcoin possesses, which is equally being a digital money.
Memecoins too are altcoins because they aren't bitcoin.