In the proverbial "wild west" of cryptocurrency, Bitcoin established its reputation at the top well before any other types of coins were minted on the blockchain.That left other coins, known as "altcoins," to get in line. Since then, thousands of new altcoins, or alternative coins, have been created and added into the crypto ecosystem. "Altcoin" refers to any type of cryptocurrency other than Bitcoin.

Ethereum is the most popular altcoin, and people use the full name (Ethereum) when talking about the broader blockchain network but Ether (ETH) to discuss the currency it self.

There are over 22,000 types of cryptocurrencies as of December 2022, according to most established price-tracking website CoinMarketCap and thousands more that have yet to meet the requirements to be listed there.

Finally, there are hundreds of new altcoins being created each day. Bitcoin makes up nearly half of the total crypto market cap, and Ethereum makes up nearly a quarter. Altcoins occupy the remaining market share (roughly 40%).

That means there are literally tens of thousands or even hundreds of thousands of other coins being exchanged out there in the metaverse.

While most of them end up worthless just a couple of days or weeks later, there are thousands others that end up surviving the test of time and making millions of dollars to it's early investors.

Our job here is to filter out through thousands and thousands of these altcoins and find the true gems that can make your initial investment grow anywhere from ten to a hundred to a thousand of times.