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The 5 Biggest Cryptocurrencies of All Time

1. Utility Tokens A utility token is one that can be used for a specific purpose within its ecosystem. For instance, paying for gas can be considered a utility.

BTC altcoin cryptocurrency

2. Governance Tokens

Governance tokens are used to vote on a project's governance. For example, governance token holders can influence the level of fees a project can charge on token swaps.

3. Payment Tokens Payment tokens focus on payments as their main use case. These tokens are often not considered to be "real" cryptocurrencies since they tend to be more centralized.

4. Memecoins A memecoin is a cryptocurrency that was created as a joke and with no obvious utility. For example, Dogecoin and Shiba Inu are two popular memecoins.

1000x memecoin

5. Stablecoins Stablecoins are cryptocurrencies that are pegged to currencies like the dollar and are often backed with collateral in fiat currencies. Stablecoins are not "real" altcoins since their value does not oscillate like other cryptocurrencies.

StableCoin

This post is based on this twitter thread.

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