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Mining-based altcoins

Mining-based cryptocurrencies use the mining process to validate and add transactions to their respective blockchains. Depending on the specific design of the coin, mining can be performed using a Proof-of-Work (PoW) consensus mechanism. Some popular mining-based coins are Bitcoin and Litecoin.

Stablecoins

Stablecoins closely follow the value of fiat money, such as the US dollar or the euro. They allow users to transfer value cheaply and quickly around the world while maintaining price stability.

Security tokens

Meme coins

Meme coins are cryptocurrencies that gain popularity primarily through viral internet memes and social media. They often lack significant utility or underlying value beyond the frenzy generated by the community. Some notable examples include DOGE, SHIB, PEPE, WSM, and others.