It's basically your hobby tier (citadel, P3, vallejo etc) followed by your craft acrylics tier which are substantially cheaper per volume but have less desirable properties supposedly, such as larger pigment size. Some people have success with them but I haven't tried them, however it's generally thought that they're fine for terrain and stuff regardless.
There isn't really a tier above the hobby tier of paints, it's just finding a range with the properties and colours that you want. ie. vibrant VGC or citadel, smooth and pre thinned VMA or Minitaire etc.
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