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.
Solana has seen intense selling pressure from both whales and retail investors over the past month, but analysts still expect a price bounce.
Glassnode data has confirmed that more than 80% of TRX and XRP holders are currently in unrealized profits despite the market crash.
The PI token shot up over 3% in the past 24 hours as 1.5 million tokens are scheduled to be unlocked per day starting April 11.
Hedera (HBAR) price jumped 20% today to $0.16, driven by Nvidia’s announcement of integrating Hedera’s blockchain into its AI systems.
Despite a turbulent crypto market, FARTCOIN has surged over 30% in just 24 hours, now trading at around $0.57.
Following an 80% weekend rally to $0.75, Pi Coin has dropped over 10% in the past 24 hours with daily trading volumes exceeding $450 million.
Crypto investment products have witnessed a massive $240 million in outflows in the past week, digital asset firm CoinShares revealed.
SOL fell below $100 for the first time since February 2024 and is now ranked 7th in market cap with a $52.17 billion valuation.
Altcoins may see major volatility this week with over $328 million worth of tokens set to be released in the market.
FIL witnessed a major price surge after its listing on Upbit exchange, along with a notable surge in development activity.
Cardano (ADA) is hovering around the $0.65 support level, with the analyst warning of a possible 10% drop, but also eyeing a potential rebound to $1.
PayPal has added support for Solana (SOL) and Chainlink (LINK) in the US, allowing users to buy, sell, and hold these assets directly.
Despite people’s expectations, Ethereum’s price has struggled to retest its all-time high, and CryptoQuant explains why.
SOL has dropped 7.5% in the past 24 hours, as a whale moved 312,000 SOL to Binance, triggering fears of a sell-off.
DOGE is hovering near $0.16, with analysts eyeing either a massive 250% rally or a steep drop to $0.06 if support fails.