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.
Bithumb added Ethena ENA to the KRW market, with trading volume rising over 100% despite the token’s recent price decline.
The hype around its listing on Upbit has sent CoW Protocol native coin soaring by more than 50%.
The crypto market downfall results in a minor pullback in Mantra (OM) price. As the breakout run continues the higher low trend, the rising network activity hints at an extended rally. Will the underlying support drive the OM price to $10?
The Dogecoin network has experienced a significant drop in on-chain activity, including a notable decline in whale buying pressure.
According to on-chain data, multiple large transactions involving TRUMP and MELANIA have taken place in the past few days.
Cardano is among the front runners for crypto ETF approval in 2025, along with Litecoin, XRP and Solana.
A move above $0.00001570 is crucial for bullish momentum for Shiba Inu, while $0.00001350 is an important support level.
FTX Token (FTT) briefly surged following a tweet from imprisoned founder Sam Bankman-Fried, while his parents seek a presidential pardon for him.
Crypto market crash adds fuel to the growing token unlock fear among Solana holders. Solana (SOL) price crashed under $150 and warned of a plunge to $100 as Bitcoin hangs at $90K support.
The stablecoins has now joined Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple’s XRP, and Toncoin (TON) in Dubai’s approved list of tradable cryptocurrencies.
As Bitcoin slipped below $95.5k on Monday, Chainlink followed with a 7% decline, testing crucial support at $16. Despite decreased whale activity, LINK maintains strong development metrics.
Bernstein’s research team led by Gautam Chhugani forecasts a cooling in memecoin activity as market focus redirects to utility-focused tokens in DeFi, gaming, and NFTs sectors.
Bittensor (TAO) turned bullish while the broader market struggle to make higher highs as Bitcoin failed to close above key levels.
Ethena’s investors purchased its native token, ENA, at $0.40, causing its price to spike to $1.30 in mid-December. However, market fluctuations have since pushed ENA down to $0.41, marking a 51.48% loss in the past one month.
Hedera (HBAR) gained momentum with a 144% surge in trading volume after Nasdaq filed for Canary HBAR ETF with the SEC, potentially opening doors for institutional investment.