Since the inception of bitcoin in 2009, thousands more have sprung up with each of them having their distinctiveness. Bitcoin is often referred to as the king of cryptocurrency each of the other thousands of cryptocurrencies falls under the class of altcoins; be it Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), Litecoin (LTC), Monero (XMR), EOS (EOS), TRON (TRX), etc.
All altcoins have their uniqueness in the sense of how they are mined, their nature (whether or centralized or decentralized), underlying technology, speed of transaction, coin distribution mechanism, etc. Although bitcoin is always used as the yardstick when analyzing an altcoin, some altcoins outshine bitcoin in certain specs. Several altcoins are developed on Bitcoin’s framework.
Altcoins are sub-divided into three categories namely; stablecoins, utility tokens, and security tokens. For example, stablecoins such as Tether (USDT), Binance Coin (BNB), Gemini USD (GUSD), USD Coin (USDC), etc. are known to be less volatile than Bitcoin because they are pegged to fiat currencies. However, some altcoins fall under more than one of these categories. You will find more information in altcoin news category.
Altcoins are getting thumbs up from different quarters for playing a significant role in the expansion of boundaries of blockchain adoption and applications. For example, Ethereum is known for its robust blockchain that enables faster transaction time as well as the creation of decentralized applications (dApps). At the time of launch, most altcoins sell themselves as better alternatives to existing ones and usually attempt to improve on the setbacks of known altcoins.
According to CoinMarketCap, there are over five thousand digital currencies in April 2020 although BTC has a staggering 64% dominance in the crypto market. As a crypto investor and enthusiast, stay tuned to coinspeaker.com to get the latest altcoins news around the world to keep you updated and geared up in the crypto space.
SunPump’s success has led to a notable increase in activity across the Tron Network.
A pro-Cardano YouTuber highlighted a new feature on the blockchain that would allow ADA stakers to earn an additional 30% in staking rewards via the protocol’s Staking Baskets.
Once launched, the new product will join Tether’s other stablecoins, including those pegged to the US dollar (USDT), the European euro (EURT), Mexican pesos (MXNT), Chinese yuan (CNHT), and Tether Gold (XAUt), which tracks the value of physical gold.
The $4.5 billion SEC settlement marks one of the largest in crypto history, effectively barring Terraform Labs and its co-founder Do Kwon from the crypto industry.
DOGS is one of the latest meme coins gaining traction in the crypto industry. The token, recently launched on the TON blockchain, has been airdropped to active Telegram users who engaged with the project.
CoinGecko warned crypto users about fake airdrops, telling them to stay vigilant and verify all information before clicking on it.
The launch of SunPump has also positively impacted the Tron blockchain’s overall revenue and liquidity.
Raoul Pal said that Cardano and Ripple have no innovative edge and losing ground to other emerging projects. Investors are eagerly awaiting for the Cardano Chang hardfork which will bring a community-driven governance model.
The Tron network has officially welcomed its meme coin season after remaining in stealth mode for the past years.
Robinhood stated that the introduction of advanced order types for Android users is part of its ongoing effort to improve user experience and optimize its services for crypto traders.
Catizen is on track to amuse the broader Telegram gaming ecosystem with its Mini Games launch later this week.
Justin Sun’s Sundog (SUNDOG) meme coin breaks into the crypto market, quickly reaching a $200M market cap. The SunPump platform fuels this surge, rivaling Solana’s meme ecosystem.
Dogecoin (DOGE), the world’s largest meme coin, has rallied 6% after promotion from Tesla founder and chief executive, Elon Musk.
Hamster Kombat introduces a new metal card in collaboration with Crypto.com, which will make payments flexible and enable users to access exclusive offers.
The price of Bitcoin, Solana and XRP are in recovery mode with crowd sentiment changing and ETF product shifting investor interest.