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 crypto market is in rebound mode, with RLUSD joining the impressive stablecoin market rebirth.
According to analyst Ali Martinez, Cardano (ADA) is forming a similar setup to BNB on the 4-hour chart and could soon skyrocket.
PancakeSwap (CAKE) has experienced a remarkable surge of over 100% in the past week, riding on the broader recovery of the BNB ecosystem.
Pi Network, once accused of operating like a pyramid scheme in China, has faced renewed scrutiny as major exchanges hesitate to list it.
President Touadéra dismissed hacking rumors, reigniting interest in CAR meme coin as listings and partnerships aim to restore investor confidence.
Franklin Templeton launches Benji app on Solana, expanding access to tokenized securities and boosting Solana’s institutional adoption.
Despite its very impressive launch, the TRUMP token has since struggled in the crypto market. Prices have fallen over 79% from their January 19 peak.
Market analysts are closely watching the January US CPI report wherein a lower-than-expected inflation print could trigger a recovery in Bitcoin and altcoins.
Ashish Singhal, the CEO of CoinSwitch, announced that the company’s X account had been compromised but the users’ funds remain intact.
Amid the rising volatility, Lido DAO token holds a critical support level. Overcoming nine days of constant sell-off, will this recovery in LDO price revisit $2.38?
“Many of the meme coins out there probably do not fall under SEC regulation,” Peirce said in a Bloomberg interview.
NFTs may have lost their shine, but LinksDAO is betting big on the longevity of golf by combining blockchain technology with one of the world’s oldest sports.
As Cardano whales continue to acquire more, the short-term pullback nears conclusion. However, the broader market remains volatile. Will ADA price swim against the crypto market tides for a breakout rally?
Sonic (S) is trading 2% up in the past day as it total value lock (TVL) hit a new all-time high at $350 million.
Uniswap’s Layer-2 solution Unichain is finally launched on the mainnet.