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.
Ye is going to launch YZY, a cryptocurrency designed to support his business and enable transactions on his Yeezy brand website.
MANTRA (OM) has broken out of a bullish flag pattern which suggests that the altcoin could soar to the $10 price tag soon.
The shift of trading volume from centralized to decentralized exchanges, marks a potential recovery signal for Uniswap. With new contracts and growing share in the DEX market space, will the market demand for UNI token propel its price to $12?
Upbit announced the addition of JTO to its KRW market, with trading commencing at 14:30 local time, on Fenruary 21.
Pi Network (PI) price crashed more than 60% in the past 24 hours after warnings from Bybit CEO Ben Zhou and Chinese authorities.
The rising supply of stablecoins like USDT and USDC signals potential bullish sentiment, with analysts viewing them as “dry powder” for altcoins rally ahead.
Canary Capital’s spot Litecoin ETF has been listed on the DTCC system, setting the stage for potential trading upon SEC approval.
Amid rising anticipation of a new bull run in DeFi tokens in the next altseason, Maker and Lido DAO are emerging as spearheads. However, some big names and smart whales in the industry are quick to exit. What does this mean for your DeFi portfolio?
“If I can hold that, if I can self-custody that, if it pays me interest, and I can actually use it to transact, what do I need a bank for?” – Mike Cagney, CEO of Figure.
The controversy around Pi Network deepens as Bybit’s CEO reinforces his position against listing the token, citing fraud concerns and sharing official warnings.
“The recent news [LIBRA scandal] should be taken not as a reason to give up, but rather as an example of why education is so important.” – Vitalik Buterin
Despite falling 47% from its 2024 peak, Tron’s TRX token shows promising recovery indicators through ecosystem growth, network efficiency, and favorable technical patterns.
A major European financial institution launches its regulated Euro-backed stablecoin on Stellar, aiming to enhance cross-border value transfers and adoption.
Pi Coin dramatically crashed 55% within hours, tumbling from a high of $1.989 to a stunning low of $0.9123, with analysts fearing further collapse to zero.
The Solana-based DEX, Jupiter, marks a small intraday recovery while the monthly returns are down at 27%. Despite the intense bearish pressure, an analyst expects this recovery to scale to $1.