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 (SOL) has experienced a significant 16% drop driven by a broader market selloff and FTX’s unstaking of $431.3 million worth of SOL tokens.
On-chain data shows whale investors purchased an additional 140 million Dogecoin coins in the past 24 hours amid wider crypto bearish sentiment.
SBI Group’s crypto unit SBI VC Trade is set to commence USDC stablecoin service later this month.
Monday came with a fresh air of hope and optimism for the general crypto market, as President Donald Trump revealed plans for a US crypto strategic reserve.
Analyst warns that POL might face a massive decline, possibly dropping to $0.041, after a year-long downtrend.
Over 2.07 billion Ethena (ENA) tokens worth $820 million will hit the crypto market in the first week of March.
Despite a slight daily dip, HBAR’s recent 30% price surge suggests growing bullish sentiment among traders.
Australian officials have dismissed the idea of establishing a national cryptocurrency reserve, prioritizing regulatory frameworks instead, while the US under Trump advances plans for a crypto reserve.
Argo Blockchain, a leading crypto miner witnesses a sharp surge in demand with a new funding loan of $40M. Will this loan reshape the growth trajectory of Argo blockchain with new mergers and acquisitions?
Crypto.com’s native token Cronos (CRO) jumped 40% following plans to establish a Cronos Strategic Reserve by reversing a previous 70 billion token burn, with 86.81% of votes currently supporting the proposal.
Football icon Ronaldinho’s new STAR10 cryptocurrency promises exclusive fan experiences, but security experts have identified risks including initial burn functions and suspicious wallet activity.
Berachain (BERA), one of the quickly rising layer-1 projects in the crypto space, suffers a rumor-based volatility. With speculations of a token unlock coming in Berachain, the investors turn anxious. However, the network remains strong amid growing rumors.
Cardano (ADA) shot up almost 50% in the past 24 hours after US President Donald Trump announced US crypto reserves.
Solana marks a quick recovery with a fresh breeze of recovery and a sentimental shift for the altcoin. The SOL price bounces off from $135 to reach the $180 supply zone. Will this recovery drive Solana beyond $200?
Cardano and SUI now feature in the Grayscale Smart Contract Fund following its latest rebalancing.