I'm new to the system, and as far as I comprehend, the term "altcoin" is a blend of two words: "alternative, crypto currencies and token. Could you provide further insights into this concept?
Before telling you details about Altcoin, I wanna ask you that do you know Bitcoin?
Bitcoin is the first cryptocurrency, And as an alternative to it, after the three years invented of bitcoin in 2011, it was created the first altcoin, And the coin name is Namecoin (NMC). In the beginning, alternative coins were not so much as they are now. Currently, there are more than twenty thousand altcoin projects. And among the alternatives, there are several types such as meme-coin, stable coin, utility token, etc. For more details you can read this article-
What Is an "Altcoin"?Now if you want to invest in cryptocurrency, then I would say that instead of investing in altcoin, you should take a long-term strategy and invest in bitcoin, because investing in altcoin can be a victim of scam. Because if you see Luna crash in 2022 then FTX incident these will serve as warning message before investing in altcoin. But if you are more interested in investing in alternative coins, you can choose from top pairs such as Etherium, Solana, Lite-coin Polygon(matic).