It is actually referring to a group of Crypto currencies. It is an alternative digital currency to Bit coin. This group is commonly amongst the top ten; the name is a portmanteau of ‘alternative’ and coin. They all use the block chain that allows secure peer-to-peer transactions. Alt coins build on the success of Bit coin by slightly changing rules to appeal to different users. The term shit coins refers to a Crypto currency with little or no value; a digital currency that has no immediate discernible purpose. The term is often used to describe alt coins or Crypto currencies developed after Bit coins became popular.
Much like Bit coin doge coin is an open source Crypto currency which can be traded and exchanged across decentralized peer-to-peer networks between users with tokens of value reaped as rewards for users operating in lieu of banks or governments to ensure the validity of its transactions. Meme coins and tokens are based on internet memes current events, online communities and influencers. Meme coin creator envisioned the Crypto currency to be friendly online payment.
Tether, Crypto currencies where the price is designed to be pegged to Crypto currency, fiat money or to exchange-traded commodities such as precious metals or industrial metals. It is backed by gold, traditional currency and cash equivalents. It is linked to national currency