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.
The launch of the LIBRA meme coin, promoted by Argentine President Javier Milei, resulted in a significant market pump and dump, leaving 86% of traders with losses.
Users can earn points which can be redeemed for ASTR token by interacting with apps, chains, and DeFi projects on the Soneium network.
The altcoin industry has continued to bleed to the Bitcoin in the past few years as shown by its dominance, but the altseason is on horizon.
Backed by Tether, Mansa raised $3 million in a pre-seed round and $7 million in liquidity funding from institutional investors to expand its cross-border stablecoin payment services.
The Stellar chain has gradually improved over the past years to enable seamless global payments and RWA tokenization via XLM and its strategic partnerships.
Donald Trump’s World Liberty Financial has taken another bullish step in the DeFi sector with the fresh purchase of SEI. With the rising support from WLFI towards DeFi, the crypto whales are lining up to gather WLFI tokens. As the sentiments improve, is this the beginning of the next bullish domino effect?
Armstrong admits that while he is not a meme coin trader, he recognizes their cultural significance.
Mantle (MNT) is holding above $1, but analyst warns of a potential double-top pattern which could sent the price to $0.53.
The MANTA blockchain has grown to a billion-dollar RWA ecosystem with strategic investments from institutional investors led by DAMAC Group and Google.
The US SEC acknowledged the spot ETF filing for CoinShares Litecoin ETF by the NASDAQ Stock Market on behalf of CoinShares, thus igniting bullish sentiment for LTC.
Ethereum (ETH) has surged almost 4% in the past 24 hours after Ethereum Foundation announced the “Open Intents Framework.”
Dogecoin struggles in a correction phase with declining price and network activity. Despite short-term bearish trends, DOGE maintains strong fundamentals with potential catalysts ahead.
In the last few days, Solana’s price dropped dramatically, initially putting its investors in a panic mode. With the whale’s recent move, however, traders are now more confident in Solana’s future.
Algorand price at $0.25 aims for a quick reversal run with a potential trendline breakout. Will this breakout propel ALGO price to $1?
Dave Portnoy launched and sold the Greed meme coin, making $258K while investors faced heavy losses, sparking accusations of pump-and-dump schemes.