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.
KIP Protocol distances itself from allegations, denying involvement in the LIBRA token collapse, as potential legal action looms amid growing scrutiny.
After Donald Trump’s World Liberty Financial took a strategic position in SEI worth $125K, the DeFi token has been on a bounce back. Aiming for the $0.30 resistance, will the SEI price continue to rise towards $0.50?
With a 78% market share, USDC dominates Solana’s stablecoin ecosystem, overshadowing Tether (USDT) and other rivals.
Shiba Inu (SHIB) has slumped below its key $0.000015 support, dropping 5% in a day as its burn rate plunges.
The rising rug pulls in meme coin space have weighed down bullish sentiment for Floki in the recent past amid low demand from whale investors.
Dogecoin (DOGE) price is facing substantial selling pressure, dropping 7% to $0.2301, its lowest level since November 2024.
Despite the negative outlook, the price of Solana is likely to reclaim new highs once FTX sell pressure clears.
Pump.fun is quietly testing its AMM to offer liquidity pools for its graduated tokens and potentially reduce reliance on Raydium.
ONDO token is nearing a decisive breakout from a descending triangle pattern, with a potential 47% price swing in either direction.
PYTH token has soared 10% in the past week amid the debut of the Grayscale Pyth Trust, an investment product focused on PYTH price.
Litecoin, the quick-to-rise crypto over the past week, hits the top. A bullish failure to break the $138 supply zone results in another negative cycle. Will the increased interest of whales in Litecoin amid ETF approval chances revert the downfall for a breakout rally?
President Milei’s promotion of LIBRA token led to a massive pump-and-dump scheme, causing billions in losses and triggering legal actions, while he claims he merely “shared” the project.
Sonic (S) token price skyrocketed more than 11% in the past 24 hours, but failed to break the resistance at the $1 price level.
Much like Libra, Trump’s coin initially surged on hype before collapsing, leaving many retail investors in financial ruin.
Dogecoin, the first-ever meme coin, continues to intrigue whales and signals a potential rally ahead. Amid such conditions, here’s the key level to watch for a bullish entry opportunity.