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Nevertheless, altcoins are referred to as other digital currencies apart from Bitcoin. They are also considered as options to Bitcoin. Some prominent altcoins include Ethereum, Solana, XRP, and Polygon. They were generated to promote scalability interoperability and increase transaction speed. Altcoins are profitable as they generate traction from institutional and retail investors. Coinmarket, the leading price tracking website, listed 1,500 digital currencies in the decentralized ecosystem.
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