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.
Crypto market analysts remain divided, with bearish sentiment prevailing as the Pi Network price dips below the $1.50 support.
Chainlink (LINK) whales have withdrawn hundreds of thousands of tokens from Binance, suggesting increased accumulation amid price stagnation.
Shiba Inu (SHIB) burn rate shot up 50,000% in the past day with a massive 13 million tokens being removed from the circulating supply.
Crypto analyst Ali Martinez warns that the SuperTrend indicator flipping bearish on Solana’s weekly chart could lead to a massive 95% SOL price drop.
Binance’s Mubarak (MUBARAK) meme coin saw a massive 325% price surge, hitting $148 million market cap on reports of Changpeng Zhao’s purchase.
Crypto exchange Coinbase has announced the delisting of FLOKI (FLOKI), Turbo (TURBO), and Gigachad (GIGA) in New York starting April 14th.
Pi Coin has dropped 10% in value, trading at $1.54, as traders brace for further declines following repeated rejections at $1.70.
Hamster Kombat (HMSTR) has shot up a massive 17% in the past week, owing to the daily challenges that has maintained the game’s virality.
DOGINME has more than doubled in value over the past 24 hours after Coinbase announced a possible listing of the meme coin on the Base blockchain.
Solana (SOL) has formed a classic cup and handle pattern which has a massive target of $3,800 according to analyst Ali Martinez.
US President Donald Trump’s World Liberty Financial has purchased 541,242 SEI tokens for 100,000 USDC.
Solana transfer volume has hit a volume of $3 billion for the first time since Sept. 2024, suggesting massive adoption.
BNB has surged to $578, fueled by a record-breaking $2 billion institutional investment from Abu Dhabi’s MGX.
The SEI network marks a significant rise in DEX volume to hit a record volume of $65 billion. However, it fails to reflect demand to drive the SEI market price higher. Will the altcoin manage a breakout rally amid rising DEX volumes?
One major factor inspiring this Pi Coin’s resilience is growing speculation around a potential Binance listing.