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.
Cardano price has experienced a 23% decline in the past week moving into the oversold territory hinting the possibility of a bounce back to $1.0.
Over 90% of token-only exchanges suffered complete capital erosion last year, forcing many to shut down amid mounting financial strain and regulatory hurdles.
A number of whales have purchased Fartcoin tokens in the recent period, resulting in the meme coin soaring 8%.
VanEck forecasts an over 3% growth for the M2 money supply within this year.
Has the freefall in WIF and PEPE price hit the rock bottom? While the rising whale activity suggests the same, the freefalling price trend warns of a bearish extension.
Investment firm VanEck forecasts Solana’s market cap to reach $250B by 2025, backed by growing institutional interest and thriving memecoin ecosystem.
Despite ENA’s significant price decline, analyst Ali Martinez identifies bullish signals on the 4-hour chart as Ethena prepares to launch its institutional iUSDe token.
Berachain’s $632 million airdrop and zero-fee trading initiative maks it a key event for traders and investors in early 2025.
As part of the collaboration, Bitrue has committed to helping Berachain’s ecosystem grow through several activities, including extensive marketing, AMAs, events and developer support.
Litecoin gains momentum above the $100 mark despite market turmoil. Further, an analyst predicts a potential breakout rally in LTC prices at $110, targeting $129. Amid such bullish chances will Litecoin prolong the rally to $176?
On-chain data shows Dogecoin whales, with a balance of between 10M and 100M coins, have accumulated over 750M DOGE coins during the recent crypto market correction.
$16 million worth of these tokens were scooped up from the giant crypto exchange Binance on Thursday.
Burwick Law accuses Pump.fun of creating tokens to intimidate clients, interfering with legal proceedings and disrupting justice.
Cipollone warns that Europe must act fast to prevent financial dependence on the US
Solana (SOL) price has dropped 15% over the week, testing crucial support at $200 for the third time in three months.