I’m new to altcoins. Just understanding what a Bitcoin is took me awhile. Now I’ve hit another wall. How can some altcoins, like DASH for example, sell for $10.00 and one like Vcash sell for $0.23? I don’t get it.
Is there some inherent market difference in what each altcoin is capable of or it is just a matter of who’s brand name sells the best? I mean if all altcoins are based on the original Bitcoin software, with slight changes, how can there be a such a large difference in price between them? Why can’t Bitcoin suffice to fill the needs of all money transactions around the world that these secondary altcoins do? Do we need them? Why?
Like I said, I'm new to this altcoin market. It makes no sense to me to have more than one altcoin than it does to have multiple currencies.
Explain . . .
Thanks
Woodford
Nowadays actually, most altcoin is using mining that's the reason why there is different prices. LIke ETH is using mining, perhaps its one of the reason it became 0.01 btc something the price of eth. meaning, obviously they investors who rent there mining. please correct me if I'm wrong.