With the constant growth in popularity and value of Bitcoin, it is no surprise that a big part of the digital currency community has forgotten about alternative currencies, also known as altcoins, and their role in the fintech ecosystem. During the last year, only two-three alternative currencies have made their way to the spotlight, or have seen any form of growth, whereas the others simply waited for something to happen.

However, there is an abundance of reasons explaining why members of the digital currency community should pay more attention to the evolution, or better said, lack of evolution of altcoins, and perhaps attempt to do something about it. It is worth keeping in mind that like any tool, in the world of cryptocurrencies, one size cannot fit all, which means that digital currencies vary in use based on the scenarios that they are tested in.

Ever since Bitcoin became popular and a larger number of people started to believe that cryptocurrencies had a clear future, a large number of altcoins, also known as bitcoin-alternatives started being developed. With this in mind, along the last couple of years, there have been tons of different coins developed, some of which became prominent figures in the industry, whereas other failed miserably.