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.
Tether’s strategic investment in Zengo wallet boosts stablecoin adoption, enabling seamless transactions and secure self-custody for global users.
Compound (COMP) token soared more than 10% in the past 24 hours while Ali Martinez predicted a massive surge in short term.
Elon Musk’s change of his X profile name to “Harry Bolz” triggered a significant surge in the HARRYBOLZ meme coin, with its trading volume exceeding $4 million in a few hours.
The much-awaited Telegram implementation to enable the TON chain as the exclusive blockchain will happen on February 21.
Litecoin (LTC) price saw a 15% price increase, moving closer to its key resistance level at $130, amid the 90% odds of a spot ETF approval this year.
The rivalry between Solana and Ethereum just took a new twist with SOL outshining ETH in key metrics.
LDO has recently tested a crucial level in a parallel price channel, with a potential breakout targeting $2.10 and $2.40.
The short-term stability in the crypto market has triggered a quick recovery in the AI tokens. Amid the recovery a whale has stepped in, capitalizing on the newfound momentum. Is this a sign of upcoming rally in the AI tokens?
Santiment confirmed that discussions surrounding meme coins are fading and investors are more interest L1 tokens.
Story Protocol’s IP token gains support from top exchanges prior to launch, strengthening investor confidence in the project.
Cardano (ADA) price rallied by 15%, outperforming major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and XRP, on news of Grayscale’s spot ETF filing.
Ethena takes a big dive in 2025 as Ethereum loses its bullish momentum. However, the recent shift of crypto market sentiment teases a comeback in the ENA price trend.
As altcoins are making a bullish comeback this week, Solana marks a conclusion to the short-term but intense pullback phase. Will this breakout run propel SOL price to $261?
Yesnoerror leverages AI and blockchain to audit research, gaining industry backing as its YNE token experiences a significant surge in value.
The stablecoin market as a whole has seen significant growth, with USDC’s circulation increasing by 78% year-over-year.