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.
Despite high expectations, Uniswap V4 DEX has captured just 0.01% of the platform’s total trading volume, significantly trailing the rapid adoption of V3 and V2.
With a bullish reversal rally, SUI price breaks the short-term bearish channel. Bouncing off from the $3 mark, the altcoin shows a 15% surge potential within a parallel range. Will this recovery lead to another breakout rally?
HamsterVerse, headlined by Hamster Kombat: GameDev Hero, has officially launched, introducing interconnected games and enhanced tap-to-earn mechanics.
The verdict sets a key precedent that could influence future legal classifications of virtual assets in South Korea.
On-chain data shows that Chainlink whales have accumulated more than $20 million worth of $LINK in the past 24 hours, thus currently holding 191M tokens.
Despite a 54% decline in BONK’s monthly price, analysts see potential for a reversal if the token holds the $0.0000091 support level.
Maker (MKR) has faced a strong resistance at $1,220 and reclaimed the 20-day EMA after a strong bullish move.
Rising against the bearish tides in the crypto market, Mantra (OM) crypto is on a high momentum bullish move. Creating a new all-time high, the bulls target a potential rally to $15.
Grayscale Investments has introduced the Grayscale Pyth Trust, allowing investors to gain exposure to the PYTH governance token while avoiding the technical challenges of direct cryptocurrency ownership.
Chainlink’s short-term outlook remains cautious due to bearish momentum, but long-term prospects remain strong.
On-chain data shows that whale activity on the Dogecoin network has declined by nearly 88% since November 2024, thus weighing down on bullish sentiment.
Litecoin eyes a breakout to $165 as bullish momentum builds. The inverted head and shoulders pattern signals a 30% rally, while whale holdings surge. Will LTC confirm the breakout?
The capital outflow from crypto assets has triggered further crypto correction amid the much-anticipated altseason for 2025.
The resignation follows accusations of insider trading linked to the Libra token’s dramatic rise and fall.
“I ask everyone not to jump to conclusions and be as kind to him as possible as he seeks to clear his name,” said Meow.